Container lines defend skyrocketing South America-Asia spot rates

Container lines defend skyrocketing South America-Asia spot rates
Container lines are playing down skyrocketing spot rates between the east coast of South America and Asia, saying the reported jumps of up to 1,600 percent come on the back of record low base-level prices, and still do not make the overall trade lane rates sustainable.
Spot rates from Shanghai to…
Container lines defend skyrocketing South America-Asia spot rates
Journal of Commerce