WITH THE peak Christmas production season approaching in China,shipowners are pushing for higher container freight rates.But they may not find the going easy.The Far Eastern Freight Conference (FEFC) has proposed a USUS250/teu (twenty-foot equivalent unit) hike from 1 July 2005 between Asia (excluding Japan) and northern Europe and the Mediterranean in view of higher cost of operations.It had proposed a similar hike in April,but,according to one industry source,the rate-restoration move was not fully successful.
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