According to Rafael Dantas, director of importer Asia Shipping, the rise in freight rates has intensified since October with the global economic recovery and greater demand for Chinese products.

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Ocean freight rates on the China-Brazil route have skyrocketed

Ocean freight rates on the China-Brazil route have skyrocketed, reaching an unprecedented $10,000 per TEU container, according to importers and shipping companies operating in the Port of Santos.

“It’s a record high; I’ve never seen cargo at that level…”

“It’s a record high; I’ve never seen cargo at that level,” said Luigi Ferrini, senior vice president of Hapag-Lloyd in Brazil. A year ago, the cost for the same route was $2,000 per TEU.

According to Rafael Dantas, director of importer Asia Shipping, the increase in freight costs has intensified since October, with the…

Source: riotimesonline.com

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