Unprecedented spot rates approaching US$4,000/FEU moving from Shanghai to Brazil’s principal port Santos have surpassed the cost of shipping the same box from Asia to Los Angeles as the Asia-ECSA trade is set to establish itself as the world’s hottest trade route in October.
While container lines are showing signs of bowing to pressure from the Chinese and US governments to slow the stratospheric surge in spot rates on shipments to ports on the west and east coasts of the US, lines continue to...
https://container-news.com/record-breaking-asia-ecsa-rates-top-dizzying-uswc-charges/