Ocean Freight Rates More Than Quadruple on China-Brazil Route

According to Rafael Dantas, director of the importer Asia Shipping, the rise in freight costs has increased since October, with the global recovery of the economy and the greater demand for Chinese products.

RIO DE JANEIRO, BRAZIL - Ocean freight on the China-Brazil route has soared and reached an unprecedented US$10,000 per TEU container, according to importers and shipping companies operating in the port of Santos.

”It is a record high; I had never seen freight reach that amount,” said Luigi Ferrini, Senior Vice President of Hapag-Lloyd in Brazil. A year ago, the cost of this same route was in the range of US$2,000 per TEU.

According to Rafael Dantas, director of the importer Asia Shipping, the rise in freight costs has increased since October, with the global . . .

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