BIMCO’s SNOW: Far East container spot rates to Brazil up by 230.5%
Far East container spot rates to Brazil up by 230.5%
What started as a red-hot container market for Far East to US trades has now spread to other routes, with rates from the Far East to Brazil seeing particularly high spot rates. On 24 January 2021, the base freight rate for a forty-foot container from the Far East to the Port of Santos reached USD 9,299. Average rates for January are now 230.5% higher than they were in...