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Carriers struggling to enforce Asia-SA rate hikes

South America

Monday, July 30, 2012

Liner carriers in the Asia-South America trade have had a difficult time enforcing planned rate increases, according to research from the maritime analyst SeaIntel. In its weekly Sunday Spotlight report, SeaIntel noted that less than 25 percent of the rate increases announced by carriers on the trade since the start of 2012 have stuck. “In total the spot rate in the Asia-to-East Coast South America market has increased by $929/TEU since the market bottomed out in Dece...

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