Zim to Boost Asia-South America Rates in Mid-June

Zim to Boost Asia-South America Rates in Mid-June

Zim Integrated Shipping Services will raise rates for all shipments on its trade from Asia to the east coast of South America, starting June 15.

The increase will be $500 per 20-foot container and $1,000 per 40-foot container, the carrier said.

Containerized exports from Far East Asia to South and Central America were down in 2012, according to data from Container Trades Statistics, Ltd., but in the first quarter of 2013 they rebounded 2.3 percent year-over-year to 888,800 20-foot-equivalent units.