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    The over-reliance on the GRI mechanism needs to be changed if carriers are to bring about market stability

    July 5, 2013
    SeaNews
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    The over-reliance on the GRI mechanism needs to be changed if carriers are to bring about market stability
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    Drewry Maritime’s latest Container Forecaster report highlights that carriers need to rely less on the chronic use of general rate increases and pay more attention to minimising surplus capacity at the trade route level to stabilise the shipping market. Future industry health is now being governed by carrier behaviour and psychology rather than the prevailing market fundamentals

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