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Freight rates surge stirs call for shipping regulator

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October 12, 2020: Several trade bodies have urged the centre to set up a regulator to deal with the rising freight charges, amid the shortage of containers exporters are facing. Engineering Export Promotion Council of India claimed that shipping lines are demanding high freight charges as inward traffic from different countries especially China has decreased for which shippers are required to pay higher amount for outbound consignments.

Source: The Hindu

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