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July10, 2017

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44 THE JOURNAL OF COMMERCE www.joc.com JULY 10.2017 LATIN AMERICA TRADE AND LOGISTICS SPECIAL REPORT FOLLOWING A NASTY, two-year recession, Brazil's economy is improving, in part on the back of rising imports. That increase, even if it's coming off a modest base, is propelling container rates on several con- tainerized shipping lanes, especially from the Far East to the east coast of South America (ECSA). Thanks to the boost in long- and mid- term spot pricing, all-in freight rates for annual service contracts in the Asia-ECSA By Rob Ward Ship capacity cuts and growing consumer demand propel rates in Far East-east coast South America trade REACHING NEW HEIGHTS

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