Container rates skyrocket on North-South routes

Spot rates from China to South America rose to their highest level since 2009 after a doubling over the last three months. North-to-South rates weighed down Maersk Line in particular in the first three months of the year.

Spot rates on the container routes from China to South America have exploded and risen to their highest level since 2009 across several of the North-South routes, after the leading rate index, SCFI, (Shanghai Containerised Freight Index) published rates for the first time.

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