CONTAINER PREMIUMS: All-inclusive rates drop as shippers cut orders on Asia lockdowns

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Divergent fundamentals pushed all-inclusive rates from North Asia down as many Asian production hubs went into isolation over coronavirus outbreaks, while rates from Southeast Asian origins balanced higher as increased blanked sailings further limited supply. The spot market continued to play at muted levels during the week to March 18 amid surging coronavirus cases in key Asian production hubs, and…