SeaIntel: Asia-South America rates plummet

While the spot rates on container freight from Asia to South America last year were solid and increasing, they've been in a constant decline in 2013 so far. And there's a potential for the rates to get much worse, writes SeaIntel.

The trade lane from Asia to the South American East Coast has gotten far from enough attention compared to developments on the route, says SeaIntel. Because even though one route has gotten the most attention, the trade between Asia and Europe isn't the only one that's been struggling in 2013. Spot rates on container freight from Asia to South America have also been hit particularly hard, with the potential to get "even worse," as the analysts say.

During 2012, the rates on the string were at an acceptable level and were steadily increasing, but things changed in 2013.

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