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"Crystal-ball reading of another crystal-ball is even more difficult i.e.
projecting Q3 based on a projection of Q2 is not smart."

But we are now in the 3rd quarter and shipping rates continue to decline, so we are not projecting anything from Q2. My understanding is that the average rates over the 2nd quarter are higher than current 3Q rates. Rates would have to rise just to match 2Q performance.

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