Cosco hikes Far East to South America rates

COSCO Container Lines has announced a general rate increase of US$200 per TEU and $400 per FEU for shipments from Far East to the South American east coast from December 1.
For cargo from the north west Europe and Mediterranean (Israel, Lebanon, Syria, North Africa and the Black Sea) to South China (which includes Guangdong, Guangxi, Yunnan and Hainan provinces) rates will increase $65.87 per TEU and $102.46 per FEU from January 1.