>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<
Container shipping rates from Shanghai to South America and Middle East have jumped by 20% – 30% from the end of March, according to data from the Shanghai Shipping Exchange.
Shipping demand for the routes from Shanghai to South America continues to improve, with a good balance between supply and demand, according to the shipping exchange.
The spot freight rate from Shanghai port to South America ports has reached $2305/TEU, surging 34% from that at the end of March, while the freight rate from Shanghai port to Persian Gulf port was $1,280/TEU, rising 23%, according to the latest data from the exchange.