Independent journal on economy and transport policy
01:42 GMT+2
Hamburg Sud raises S America/ N Europe rates
(Sched Net)
March 5, 1999
FREIGHT rates for the east coast South America to northern Europe route are to be jacked up as high as 50 per cent by Hamburg Sud and partner Alianca Transportes Maritimos.
The move comes on the back of an export boom fueled by the devaluation of the Brazilian real - but a company source warned that other major carriers would soon follow Sud's lead.
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