TOKYO -- While most containerships are making detours around the conflict-affected Red Sea, experts say container freight rates, which had initially soared, are showing signs of easing.
"We believe that the worst is behind us," said Philip Damas, managing director at British maritime research consultancy Drewry. "Now we are into a second phase where it will be easier for exporters to manage and organize, and also where the spot rates are going to come down significantly after the early phase."
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