Maersk Line and MSC challenged in South America

Next month, Cosco and Evergreen plan to increase their capacity by 120 percent on routes between Asia and South America. This happens at a time when the spot rates have been steadily declining since the beginning of the year.

Photo: Port of Gothenburg

It's not just on the major routes between Asia and Europe that the container carriers are struggling to stabilize the rates in a market with a low demand. The spot rates between Asia and the South American East Coast are dropping like rocks, and the rates from China to Brazil have gone down 24 percent since the beginning of 2013.

Yet the capacity between Asia and the South American East Coast will be significantly increased in the time to come, writes Alphaliner.

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