Container rates to South America stay elevated amid disruptions

AI Summary

Container freight rates from North Asia to South America's coasts are expected to remain elevated through August amid widespread scheduling disruptions and cargo rollings. Blank sailings and tight space supply, rather than cargo growth, drive recent rate strength in this trade route.

Market participants expect container freight rates from North Asia to the East and West coasts of South America to remain elevated through August, as widespread schedule disruptions, cargo rollings and irregular blank sailings continue to tighten available space despite mixed underlying demand signals. Participants said recent rate strength has been driven less by cargo growth ...