News / Box rates to Gulf and S America rise as Asia-Europe/US prices falter

Santos. Photo: © Paulo Vilela | Dreamstime.com

Container freight rates from China to ’emerging countries’ in the Middle East and South America have been rising, while those on the Asia-Europe and transpacific tradelanes weaken.

According to Container xChange’s latest report, as economies in the US and Europe come under pressure these regions have been importing fewer consumer goods from China, causing the PRC to look for emerging markets and countries along the Belt and Road as alternative outlets.

In April, exporters at the country’s largest trade event, the Canton ...