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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.

Briefly noted: What moves the steel world today?

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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