{ "version": "1.0.0", "month": "2025-04", "published": "2025-04-05", "methodology_version": "v1", "disclaimer": "Single-forwarder benchmark (SINO Shipping). Calibrated monthly against FBX and Drewry WCI on overlapping lanes only — the ~14-16 emerging-markets lanes covered here have no public benchmark, which is precisely the gap this tracker fills.", "clusters": [ { "id": "latam-nearshoring", "name": "LATAM nearshoring", "tagline": "Pacific Alliance + Atlantic alt-ports, Chancay megaport spillover", "lanes": [ "china-brazil", "china-mexico", "china-chile", "china-peru", "china-colombia", "china-ecuador", "china-argentina" ] }, { "id": "iberian-gateway", "name": "Iberian gateway", "tagline": "Algeciras / Valencia / Sines — Southern Europe transshipment to Iberia, North Africa and Atlantic re-export", "lanes": [ "china-spain", "china-portugal" ] } ], "countries": [ { "slug": "argentina", "rates": { "sea_20gp_usd": [ 1350, 1650 ], "sea_40gp_usd": [ 2150, 2650 ], "sea_lcl_usd_cbm": 96, "air_perkg_usd": 9.2, "express_perkg_usd": 14.75, "rail_20gp_usd": null, "rail_40gp_usd": null, "rail_lcl_usd_cbm": null }, "transit_days": { "sea": [ 32, 40 ], "air": [ 3, 4 ], "rail": null, "express": [ 3, 5 ], "lcl": [ 11, 18 ] }, "mom_delta": { "sea_40gp": -7.69, "sea_20gp": -7.69, "air": -2.13, "express": -1.67, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, null, 3400, 3500, 3675, 3850, 3375, 2600, 2400 ], "air_perkg_usd": [ null, null, null, null, null, 10.15, 10.25, 10.4, 10.6, 10.15, 9.4, 9.2 ], "express_perkg_usd": [ null, null, null, null, null, 16.25, 16.45, 16.65, 16.95, 16.2, 15, 14.75 ] }, "market_snapshot": { "items": [ { "label": "Rate soft", "icon": "chart", "status": "stable", "text": "Rates at multi-month lows — good time to ship" }, { "label": "Carrier competition", "icon": "container", "status": "stable", "text": "Multiple options available — compare quotes" }, { "label": "Harvest exports", "icon": "info", "status": "normal", "text": "Agricultural export season keeping some reefer space tight" } ] } }, { "slug": "bolivia", "rates": { "sea_20gp_usd": [ 1550, 1900 ], "sea_40gp_usd": [ 2500, 3050 ], "sea_lcl_usd_cbm": 114, "air_perkg_usd": 9.4, "express_perkg_usd": 15.05, "rail_20gp_usd": null, "rail_40gp_usd": null, "rail_lcl_usd_cbm": null }, "transit_days": { "sea": [ 35, 42 ], "air": [ 4, 6 ], "rail": null, "express": [ 3, 5 ], "lcl": [ 11, 16 ] }, "mom_delta": { "sea_40gp": -5.93, "sea_20gp": -5.48, "air": -2.08, "express": -1.95, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, null, 3900, 4000, 4175, 4375, 3825, 2950, 2775 ], "air_perkg_usd": [ null, null, null, null, null, 10.4, 10.5, 10.65, 10.8, 10.35, 9.6, 9.4 ], "express_perkg_usd": [ null, null, null, null, null, 16.65, 16.8, 17.05, 17.3, 16.55, 15.35, 15.05 ] }, "market_snapshot": { "items": [ { "label": "Rate soft", "icon": "chart", "status": "stable", "text": "Rates at multi-month lows — good time to ship" }, { "label": "Carrier competition", "icon": "container", "status": "stable", "text": "Multiple options available — compare quotes" }, { "label": "Harvest exports", "icon": "info", "status": "normal", "text": "Agricultural export season keeping some reefer space tight" } ] } }, { "slug": "brazil", "rates": { "sea_20gp_usd": [ 1450, 1750 ], "sea_40gp_usd": [ 2250, 2750 ], "sea_lcl_usd_cbm": 76, "air_perkg_usd": 9, "express_perkg_usd": 14.4, "rail_20gp_usd": null, "rail_40gp_usd": null, "rail_lcl_usd_cbm": null }, "transit_days": { "sea": [ 30, 38 ], "air": [ 3, 4 ], "rail": null, "express": [ 3, 5 ], "lcl": [ 9, 17 ] }, "mom_delta": { "sea_40gp": -6.54, "sea_20gp": -7.25, "air": -1.64, "express": -2.04, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, null, 3550, 3675, 3825, 4000, 3500, 2675, 2500 ], "air_perkg_usd": [ null, null, null, null, null, 9.95, 10.05, 10.2, 10.35, 9.9, 9.15, 9 ], "express_perkg_usd": [ null, null, null, null, null, 15.9, 16.1, 16.3, 16.55, 15.85, 14.7, 14.4 ] }, "market_snapshot": { "items": [ { "label": "Rate soft", "icon": "chart", "status": "stable", "text": "Rates at multi-month lows — good time to ship" }, { "label": "Carrier competition", "icon": "container", "status": "stable", "text": "Multiple options available — compare quotes" }, { "label": "Harvest exports", "icon": "info", "status": "normal", "text": "Agricultural export season keeping some reefer space tight" } ] } }, { "slug": "chile", "rates": { "sea_20gp_usd": [ 1700, 2100 ], "sea_40gp_usd": [ 2700, 3300 ], "sea_lcl_usd_cbm": 134, "air_perkg_usd": 6.8, "express_perkg_usd": 10.9, "rail_20gp_usd": null, "rail_40gp_usd": null, "rail_lcl_usd_cbm": null }, "transit_days": { "sea": [ 28, 35 ], "air": [ 3, 5 ], "rail": null, "express": [ 2, 5 ], "lcl": [ 10, 16 ] }, "mom_delta": { "sea_40gp": -6.98, "sea_20gp": -7.32, "air": -2.16, "express": -1.8, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, null, 4275, 4400, 4600, 4825, 4225, 3225, 3000 ], "air_perkg_usd": [ null, null, null, null, null, 7.5, 7.6, 7.7, 7.85, 7.5, 6.95, 6.8 ], "express_perkg_usd": [ null, null, null, null, null, 12.05, 12.15, 12.3, 12.5, 12, 11.1, 10.9 ] }, "market_snapshot": { "items": [ { "label": "Rate soft", "icon": "chart", "status": "stable", "text": "Rates at multi-month lows — good time to ship" }, { "label": "Carrier competition", "icon": "container", "status": "stable", "text": "Multiple options available — compare quotes" }, { "label": "Harvest exports", "icon": "info", "status": "normal", "text": "Agricultural export season keeping some reefer space tight" } ] } }, { "slug": "colombia", "rates": { "sea_20gp_usd": [ 1700, 2100 ], "sea_40gp_usd": [ 2700, 3300 ], "sea_lcl_usd_cbm": 134, "air_perkg_usd": 9, "express_perkg_usd": 14.4, "rail_20gp_usd": null, "rail_40gp_usd": null, "rail_lcl_usd_cbm": null }, "transit_days": { "sea": [ 25, 32 ], "air": [ 3, 5 ], "rail": null, "express": [ 2, 5 ], "lcl": [ 11, 17 ] }, "mom_delta": { "sea_40gp": -6.98, "sea_20gp": -7.32, "air": -1.64, "express": -2.04, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, null, 4275, 4400, 4600, 4825, 4225, 3225, 3000 ], "air_perkg_usd": [ null, null, null, null, null, 9.95, 10.05, 10.2, 10.35, 9.9, 9.15, 9 ], "express_perkg_usd": [ null, null, null, null, null, 15.9, 16.1, 16.3, 16.55, 15.85, 14.7, 14.4 ] }, "market_snapshot": { "items": [ { "label": "Rate soft", "icon": "chart", "status": "stable", "text": "Rates at multi-month lows — good time to ship" }, { "label": "Carrier competition", "icon": "container", "status": "stable", "text": "Multiple options available — compare quotes" }, { "label": "Harvest exports", "icon": "info", "status": "normal", "text": "Agricultural export season keeping some reefer space tight" } ] } }, { "slug": "costa-rica", "rates": { "sea_20gp_usd": [ 1850, 2250 ], "sea_40gp_usd": [ 2950, 3600 ], "sea_lcl_usd_cbm": 138, "air_perkg_usd": 9.7, "express_perkg_usd": 15.55, "rail_20gp_usd": null, "rail_40gp_usd": null, "rail_lcl_usd_cbm": null }, "transit_days": { "sea": [ 20, 28 ], "air": [ 3, 4 ], "rail": [ 7, 10 ], "express": [ 3, 5 ], "lcl": [ 9, 19 ] }, "mom_delta": { "sea_40gp": -11.49, "sea_20gp": -11.83, "air": 2.11, "express": 1.97, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, null, 5725, 5675, 5650, 6325, 5700, 3700, 3275 ], "air_perkg_usd": [ null, null, null, null, null, 11.65, 11.6, 11.6, 12.1, 11.65, 9.5, 9.7 ], "express_perkg_usd": [ null, null, null, null, null, 18.65, 18.6, 18.55, 19.4, 18.6, 15.25, 15.55 ] }, "market_snapshot": { "items": [ { "label": "Tariff adjustment", "icon": "alert", "status": "tighter", "text": "Trade policy uncertainty — supply chains restructuring" }, { "label": "Rate pressure", "icon": "chart", "status": "stable", "text": "Overcapacity driving rates down — negotiate aggressively" }, { "label": "Capacity surplus", "icon": "container", "status": "stable", "text": "Carriers competing for volume on transpacific" }, { "label": "Nearshoring trend", "icon": "info", "status": "normal", "text": "More sourcing shifting to Mexico and Southeast Asia" } ] } }, { "slug": "cuba", "rates": { "sea_20gp_usd": [ 4650, 5700 ], "sea_40gp_usd": [ 7500, 9150 ], "sea_lcl_usd_cbm": 325, "air_perkg_usd": 10.25, "express_perkg_usd": 16.35, "rail_20gp_usd": null, "rail_40gp_usd": null, "rail_lcl_usd_cbm": null }, "transit_days": { "sea": [ 28, 35 ], "air": [ 4, 7 ], "rail": [ 6, 8 ], "express": [ 2, 4 ], "lcl": [ 9, 15 ] }, "mom_delta": { "sea_40gp": -11.44, "sea_20gp": -11.54, "air": 2.5, "express": 1.87, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, null, 14500, 14375, 14300, 16000, 14450, 9400, 8325 ], "air_perkg_usd": [ null, null, null, null, null, 12.3, 12.2, 12.2, 12.75, 12.25, 10, 10.25 ], "express_perkg_usd": [ null, null, null, null, null, 19.65, 19.55, 19.55, 20.4, 19.6, 16.05, 16.35 ] }, "market_snapshot": { "items": [ { "label": "Tariff adjustment", "icon": "alert", "status": "tighter", "text": "Trade policy uncertainty — supply chains restructuring" }, { "label": "Rate pressure", "icon": "chart", "status": "stable", "text": "Overcapacity driving rates down — negotiate aggressively" }, { "label": "Capacity surplus", "icon": "container", "status": "stable", "text": "Carriers competing for volume on transpacific" }, { "label": "Nearshoring trend", "icon": "info", "status": "normal", "text": "More sourcing shifting to Mexico and Southeast Asia" } ] } }, { "slug": "dominican-republic", "rates": { "sea_20gp_usd": [ 4650, 5700 ], "sea_40gp_usd": [ 7500, 9150 ], "sea_lcl_usd_cbm": 325, "air_perkg_usd": 10.25, "express_perkg_usd": 16.35, "rail_20gp_usd": null, "rail_40gp_usd": null, "rail_lcl_usd_cbm": null }, "transit_days": { "sea": [ 25, 32 ], "air": [ 3, 6 ], "rail": [ 6, 9 ], "express": [ 2, 4 ], "lcl": [ 10, 16 ] }, "mom_delta": { "sea_40gp": -11.44, "sea_20gp": -11.54, "air": 2.5, "express": 1.87, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, null, 14500, 14375, 14300, 16000, 14450, 9400, 8325 ], "air_perkg_usd": [ null, null, null, null, null, 12.3, 12.2, 12.2, 12.75, 12.25, 10, 10.25 ], "express_perkg_usd": [ null, null, null, null, null, 19.65, 19.55, 19.55, 20.4, 19.6, 16.05, 16.35 ] }, "market_snapshot": { "items": [ { "label": "Tariff adjustment", "icon": "alert", "status": "tighter", "text": "Trade policy uncertainty — supply chains restructuring" }, { "label": "Rate pressure", "icon": "chart", "status": "stable", "text": "Overcapacity driving rates down — negotiate aggressively" }, { "label": "Capacity surplus", "icon": "container", "status": "stable", "text": "Carriers competing for volume on transpacific" }, { "label": "Nearshoring trend", "icon": "info", "status": "normal", "text": "More sourcing shifting to Mexico and Southeast Asia" } ] } }, { "slug": "ecuador", "rates": { "sea_20gp_usd": [ 1700, 2100 ], "sea_40gp_usd": [ 2700, 3300 ], "sea_lcl_usd_cbm": 134, "air_perkg_usd": 9, "express_perkg_usd": 14.4, "rail_20gp_usd": null, "rail_40gp_usd": null, "rail_lcl_usd_cbm": null }, "transit_days": { "sea": [ 28, 35 ], "air": [ 3, 5 ], "rail": null, "express": [ 2, 5 ], "lcl": [ 9, 18 ] }, "mom_delta": { "sea_40gp": -6.98, "sea_20gp": -7.32, "air": -1.64, "express": -2.04, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, null, 4275, 4400, 4600, 4825, 4225, 3225, 3000 ], "air_perkg_usd": [ null, null, null, null, null, 9.95, 10.05, 10.2, 10.35, 9.9, 9.15, 9 ], "express_perkg_usd": [ null, null, null, null, null, 15.9, 16.1, 16.3, 16.55, 15.85, 14.7, 14.4 ] }, "market_snapshot": { "items": [ { "label": "Rate soft", "icon": "chart", "status": "stable", "text": "Rates at multi-month lows — good time to ship" }, { "label": "Carrier competition", "icon": "container", "status": "stable", "text": "Multiple options available — compare quotes" }, { "label": "Harvest exports", "icon": "info", "status": "normal", "text": "Agricultural export season keeping some reefer space tight" } ] } }, { "slug": "el-salvador", "rates": { "sea_20gp_usd": [ 1850, 2250 ], "sea_40gp_usd": [ 2950, 3600 ], "sea_lcl_usd_cbm": 138, "air_perkg_usd": 9.7, "express_perkg_usd": 15.55, "rail_20gp_usd": null, "rail_40gp_usd": null, "rail_lcl_usd_cbm": null }, "transit_days": { "sea": [ 20, 28 ], "air": [ 2, 4 ], "rail": [ 5, 8 ], "express": [ 2, 5 ], "lcl": [ 11, 18 ] }, "mom_delta": { "sea_40gp": -11.49, "sea_20gp": -11.83, "air": 2.11, "express": 1.97, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, null, 5725, 5675, 5650, 6325, 5700, 3700, 3275 ], "air_perkg_usd": [ null, null, null, null, null, 11.65, 11.6, 11.6, 12.1, 11.65, 9.5, 9.7 ], "express_perkg_usd": [ null, null, null, null, null, 18.65, 18.6, 18.55, 19.4, 18.6, 15.25, 15.55 ] }, "market_snapshot": { "items": [ { "label": "Tariff adjustment", "icon": "alert", "status": "tighter", "text": "Trade policy uncertainty — supply chains restructuring" }, { "label": "Rate pressure", "icon": "chart", "status": "stable", "text": "Overcapacity driving rates down — negotiate aggressively" }, { "label": "Capacity surplus", "icon": "container", "status": "stable", "text": "Carriers competing for volume on transpacific" }, { "label": "Nearshoring trend", "icon": "info", "status": "normal", "text": "More sourcing shifting to Mexico and Southeast Asia" } ] } }, { "slug": "guatemala", "rates": { "sea_20gp_usd": [ 1850, 2250 ], "sea_40gp_usd": [ 2950, 3600 ], "sea_lcl_usd_cbm": 138, "air_perkg_usd": 9.7, "express_perkg_usd": 15.55, "rail_20gp_usd": null, "rail_40gp_usd": null, "rail_lcl_usd_cbm": null }, "transit_days": { "sea": [ 20, 28 ], "air": [ 3, 4 ], "rail": [ 5, 6 ], "express": [ 3, 5 ], "lcl": [ 9, 17 ] }, "mom_delta": { "sea_40gp": -11.49, "sea_20gp": -11.83, "air": 2.11, "express": 1.97, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, null, 5725, 5675, 5650, 6325, 5700, 3700, 3275 ], "air_perkg_usd": [ null, null, null, null, null, 11.65, 11.6, 11.6, 12.1, 11.65, 9.5, 9.7 ], "express_perkg_usd": [ null, null, null, null, null, 18.65, 18.6, 18.55, 19.4, 18.6, 15.25, 15.55 ] }, "market_snapshot": { "items": [ { "label": "Tariff adjustment", "icon": "alert", "status": "tighter", "text": "Trade policy uncertainty — supply chains restructuring" }, { "label": "Rate pressure", "icon": "chart", "status": "stable", "text": "Overcapacity driving rates down — negotiate aggressively" }, { "label": "Capacity surplus", "icon": "container", "status": "stable", "text": "Carriers competing for volume on transpacific" }, { "label": "Nearshoring trend", "icon": "info", "status": "normal", "text": "More sourcing shifting to Mexico and Southeast Asia" } ] } }, { "slug": "guyana", "rates": { "sea_20gp_usd": [ 1550, 1900 ], "sea_40gp_usd": [ 2500, 3050 ], "sea_lcl_usd_cbm": 114, "air_perkg_usd": 9.4, "express_perkg_usd": 15.05, "rail_20gp_usd": null, "rail_40gp_usd": null, "rail_lcl_usd_cbm": null }, "transit_days": { "sea": [ 30, 38 ], "air": [ 4, 6 ], "rail": null, "express": [ 3, 5 ], "lcl": [ 12, 19 ] }, "mom_delta": { "sea_40gp": -5.93, "sea_20gp": -5.48, "air": -2.08, "express": -1.95, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, null, 3900, 4000, 4175, 4375, 3825, 2950, 2775 ], "air_perkg_usd": [ null, null, null, null, null, 10.4, 10.5, 10.65, 10.8, 10.35, 9.6, 9.4 ], "express_perkg_usd": [ null, null, null, null, null, 16.65, 16.8, 17.05, 17.3, 16.55, 15.35, 15.05 ] }, "market_snapshot": { "items": [ { "label": "Rate soft", "icon": "chart", "status": "stable", "text": "Rates at multi-month lows — good time to ship" }, { "label": "Carrier competition", "icon": "container", "status": "stable", "text": "Multiple options available — compare quotes" }, { "label": "Harvest exports", "icon": "info", "status": "normal", "text": "Agricultural export season keeping some reefer space tight" } ] } }, { "slug": "haiti", "rates": { "sea_20gp_usd": [ 4650, 5700 ], "sea_40gp_usd": [ 7500, 9150 ], "sea_lcl_usd_cbm": 325, "air_perkg_usd": 10.25, "express_perkg_usd": 16.35, "rail_20gp_usd": null, "rail_40gp_usd": null, "rail_lcl_usd_cbm": null }, "transit_days": { "sea": [ 10, 15 ], "air": [ 2, 3 ], "rail": [ 6, 8 ], "express": [ 2, 4 ], "lcl": [ 11, 19 ] }, "mom_delta": { "sea_40gp": -11.44, "sea_20gp": -11.54, "air": 2.5, "express": 1.87, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, null, 14500, 14375, 14300, 16000, 14450, 9400, 8325 ], "air_perkg_usd": [ null, null, null, null, null, 12.3, 12.2, 12.2, 12.75, 12.25, 10, 10.25 ], "express_perkg_usd": [ null, null, null, null, null, 19.65, 19.55, 19.55, 20.4, 19.6, 16.05, 16.35 ] }, "market_snapshot": { "items": [ { "label": "Tariff adjustment", "icon": "alert", "status": "tighter", "text": "Trade policy uncertainty — supply chains restructuring" }, { "label": "Rate pressure", "icon": "chart", "status": "stable", "text": "Overcapacity driving rates down — negotiate aggressively" }, { "label": "Capacity surplus", "icon": "container", "status": "stable", "text": "Carriers competing for volume on transpacific" }, { "label": "Nearshoring trend", "icon": "info", "status": "normal", "text": "More sourcing shifting to Mexico and Southeast Asia" } ] } }, { "slug": "honduras", "rates": { "sea_20gp_usd": [ 1850, 2250 ], "sea_40gp_usd": [ 2950, 3600 ], "sea_lcl_usd_cbm": 138, "air_perkg_usd": 9.7, "express_perkg_usd": 15.55, "rail_20gp_usd": null, "rail_40gp_usd": null, "rail_lcl_usd_cbm": null }, "transit_days": { "sea": [ 20, 28 ], "air": [ 3, 4 ], "rail": [ 6, 9 ], "express": [ 3, 5 ], "lcl": [ 11, 19 ] }, "mom_delta": { "sea_40gp": -11.49, "sea_20gp": -11.83, "air": 2.11, "express": 1.97, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, null, 5725, 5675, 5650, 6325, 5700, 3700, 3275 ], "air_perkg_usd": [ null, null, null, null, null, 11.65, 11.6, 11.6, 12.1, 11.65, 9.5, 9.7 ], "express_perkg_usd": [ null, null, null, null, null, 18.65, 18.6, 18.55, 19.4, 18.6, 15.25, 15.55 ] }, "market_snapshot": { "items": [ { "label": "Tariff adjustment", "icon": "alert", "status": "tighter", "text": "Trade policy uncertainty — supply chains restructuring" }, { "label": "Rate pressure", "icon": "chart", "status": "stable", "text": "Overcapacity driving rates down — negotiate aggressively" }, { "label": "Capacity surplus", "icon": "container", "status": "stable", "text": "Carriers competing for volume on transpacific" }, { "label": "Nearshoring trend", "icon": "info", "status": "normal", "text": "More sourcing shifting to Mexico and Southeast Asia" } ] } }, { "slug": "jamaica", "rates": { "sea_20gp_usd": [ 4650, 5700 ], "sea_40gp_usd": [ 7500, 9150 ], "sea_lcl_usd_cbm": 325, "air_perkg_usd": 10.25, "express_perkg_usd": 16.35, "rail_20gp_usd": null, "rail_40gp_usd": null, "rail_lcl_usd_cbm": null }, "transit_days": { "sea": [ 25, 32 ], "air": [ 3, 6 ], "rail": [ 5, 9 ], "express": [ 2, 4 ], "lcl": [ 10, 18 ] }, "mom_delta": { "sea_40gp": -11.44, "sea_20gp": -11.54, "air": 2.5, "express": 1.87, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, null, 14500, 14375, 14300, 16000, 14450, 9400, 8325 ], "air_perkg_usd": [ null, null, null, null, null, 12.3, 12.2, 12.2, 12.75, 12.25, 10, 10.25 ], "express_perkg_usd": [ null, null, null, null, null, 19.65, 19.55, 19.55, 20.4, 19.6, 16.05, 16.35 ] }, "market_snapshot": { "items": [ { "label": "Tariff adjustment", "icon": "alert", "status": "tighter", "text": "Trade policy uncertainty — supply chains restructuring" }, { "label": "Rate pressure", "icon": "chart", "status": "stable", "text": "Overcapacity driving rates down — negotiate aggressively" }, { "label": "Capacity surplus", "icon": "container", "status": "stable", "text": "Carriers competing for volume on transpacific" }, { "label": "Nearshoring trend", "icon": "info", "status": "normal", "text": "More sourcing shifting to Mexico and Southeast Asia" } ] } }, { "slug": "mexico", "rates": { "sea_20gp_usd": [ 1850, 2250 ], "sea_40gp_usd": [ 2950, 3600 ], "sea_lcl_usd_cbm": 138, "air_perkg_usd": 9.7, "express_perkg_usd": 15.55, "rail_20gp_usd": null, "rail_40gp_usd": null, "rail_lcl_usd_cbm": null }, "transit_days": { "sea": [ 18, 25 ], "air": [ 3, 4 ], "rail": [ 6, 9 ], "express": [ 3, 5 ], "lcl": [ 11, 16 ] }, "mom_delta": { "sea_40gp": -11.49, "sea_20gp": -11.83, "air": 2.11, "express": 1.97, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, null, 5725, 5675, 5650, 6325, 5700, 3700, 3275 ], "air_perkg_usd": [ null, null, null, null, null, 11.65, 11.6, 11.6, 12.1, 11.65, 9.5, 9.7 ], "express_perkg_usd": [ null, null, null, null, null, 18.65, 18.6, 18.55, 19.4, 18.6, 15.25, 15.55 ] }, "market_snapshot": { "items": [ { "label": "Tariff adjustment", "icon": "alert", "status": "tighter", "text": "Trade policy uncertainty — supply chains restructuring" }, { "label": "Rate pressure", "icon": "chart", "status": "stable", "text": "Overcapacity driving rates down — negotiate aggressively" }, { "label": "Capacity surplus", "icon": "container", "status": "stable", "text": "Carriers competing for volume on transpacific" }, { "label": "Nearshoring trend", "icon": "info", "status": "normal", "text": "More sourcing shifting to Mexico and Southeast Asia" } ] } }, { "slug": "nicaragua", "rates": { "sea_20gp_usd": [ 1850, 2250 ], "sea_40gp_usd": [ 2950, 3600 ], "sea_lcl_usd_cbm": 138, "air_perkg_usd": 9.7, "express_perkg_usd": 15.55, "rail_20gp_usd": null, "rail_40gp_usd": null, "rail_lcl_usd_cbm": null }, "transit_days": { "sea": [ 20, 28 ], "air": [ 3, 4 ], "rail": [ 5, 8 ], "express": [ 3, 5 ], "lcl": [ 10, 17 ] }, "mom_delta": { "sea_40gp": -11.49, "sea_20gp": -11.83, "air": 2.11, "express": 1.97, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, null, 5725, 5675, 5650, 6325, 5700, 3700, 3275 ], "air_perkg_usd": [ null, null, null, null, null, 11.65, 11.6, 11.6, 12.1, 11.65, 9.5, 9.7 ], "express_perkg_usd": [ null, null, null, null, null, 18.65, 18.6, 18.55, 19.4, 18.6, 15.25, 15.55 ] }, "market_snapshot": { "items": [ { "label": "Tariff adjustment", "icon": "alert", "status": "tighter", "text": "Trade policy uncertainty — supply chains restructuring" }, { "label": "Rate pressure", "icon": "chart", "status": "stable", "text": "Overcapacity driving rates down — negotiate aggressively" }, { "label": "Capacity surplus", "icon": "container", "status": "stable", "text": "Carriers competing for volume on transpacific" }, { "label": "Nearshoring trend", "icon": "info", "status": "normal", "text": "More sourcing shifting to Mexico and Southeast Asia" } ] } }, { "slug": "panama", "rates": { "sea_20gp_usd": [ 1850, 2250 ], "sea_40gp_usd": [ 2950, 3600 ], "sea_lcl_usd_cbm": 138, "air_perkg_usd": 9.7, "express_perkg_usd": 15.55, "rail_20gp_usd": null, "rail_40gp_usd": null, "rail_lcl_usd_cbm": null }, "transit_days": { "sea": [ 18, 25 ], "air": [ 2, 4 ], "rail": [ 6, 7 ], "express": [ 2, 5 ], "lcl": [ 11, 18 ] }, "mom_delta": { "sea_40gp": -11.49, "sea_20gp": -11.83, "air": 2.11, "express": 1.97, 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"status": "normal", "text": "Agricultural export season keeping some reefer space tight" } ] } }, { "slug": "peru", "rates": { "sea_20gp_usd": [ 1550, 1900 ], "sea_40gp_usd": [ 2500, 3050 ], "sea_lcl_usd_cbm": 114, "air_perkg_usd": 9.4, "express_perkg_usd": 15.05, "rail_20gp_usd": null, "rail_40gp_usd": null, "rail_lcl_usd_cbm": null }, "transit_days": { "sea": [ 28, 35 ], "air": [ 3, 5 ], "rail": null, "express": [ 2, 4 ], "lcl": [ 11, 16 ] }, "mom_delta": { "sea_40gp": -5.93, "sea_20gp": -5.48, "air": -2.08, "express": -1.95, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, null, 3900, 4000, 4175, 4375, 3825, 2950, 2775 ], "air_perkg_usd": [ null, null, null, null, null, 10.4, 10.5, 10.65, 10.8, 10.35, 9.6, 9.4 ], "express_perkg_usd": [ null, null, null, null, null, 16.65, 16.8, 17.05, 17.3, 16.55, 15.35, 15.05 ] }, "market_snapshot": { "items": [ { "label": "Rate soft", "icon": "chart", "status": "stable", "text": "Rates at multi-month lows — good time 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null, null, 15.1, 14.9, 16, 16.25, 14.65, 13.4, 12.4 ] }, "market_snapshot": { "items": [ { "label": "Rate decline", "icon": "chart", "status": "stable", "text": "Rates continuing downward — buyer's market for European imports" }, { "label": "Red Sea", "icon": "alert", "status": "tighter", "text": "Cape routing ongoing — transit time premium stable" }, { "label": "Overcapacity", "icon": "container", "status": "stable", "text": "New vessel deliveries increasing capacity — rates under pressure" }, { "label": "EU ETS cost", "icon": "info", "status": "normal", "text": "EU Emissions Trading System surcharges now standard on European routes" } ] } }, { "slug": "spain", "rates": { "sea_20gp_usd": [ 3150, 3850 ], "sea_40gp_usd": [ 4750, 5800 ], "sea_lcl_usd_cbm": 128, "air_perkg_usd": 8.15, "express_perkg_usd": 13.05, "rail_20gp_usd": [ 4450, 5450 ], "rail_40gp_usd": [ 6500, 7950 ], "rail_lcl_usd_cbm": 225 }, "transit_days": { "sea": [ 25, 31 ], "air": [ 5, 7 ], "rail": [ 13, 18 ], "express": [ 5, 8 ], "lcl": [ 26, 35 ] }, "mom_delta": { "sea_40gp": -20.08, "sea_20gp": -20, "air": -7.39, "express": -7.45, "rail_40gp": -1.7 }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, null, 8800, 8500, 9950, 10275, 8175, 6600, 5275 ], "air_perkg_usd": [ null, null, null, null, null, 9.95, 9.8, 10.55, 10.7, 9.65, 8.8, 8.15 ], "express_perkg_usd": [ null, null, null, null, null, 15.9, 15.65, 16.85, 17.15, 15.4, 14.1, 13.05 ] }, "market_snapshot": { "items": [ { "label": "Rate decline", "icon": "chart", "status": "stable", "text": "Rates continuing downward — buyer's market for European imports" }, { "label": "Red Sea", "icon": "alert", "status": "tighter", "text": "Cape routing ongoing — transit time premium stable" }, { "label": "Overcapacity", "icon": "container", "status": "stable", "text": "New vessel deliveries increasing capacity — rates under pressure" }, { "label": "EU ETS cost", "icon": "info", "status": "normal", "text": "EU Emissions Trading System surcharges now standard on European routes" } ] } }, { "slug": "suriname", "rates": { "sea_20gp_usd": [ 1550, 1900 ], "sea_40gp_usd": [ 2500, 3050 ], "sea_lcl_usd_cbm": 114, "air_perkg_usd": 9.4, "express_perkg_usd": 15.05, "rail_20gp_usd": null, "rail_40gp_usd": null, "rail_lcl_usd_cbm": null }, "transit_days": { "sea": [ 30, 38 ], "air": [ 4, 6 ], "rail": null, "express": [ 3, 5 ], "lcl": [ 11, 16 ] }, "mom_delta": { "sea_40gp": -5.93, "sea_20gp": -5.48, "air": -2.08, "express": -1.95, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, null, 3900, 4000, 4175, 4375, 3825, 2950, 2775 ], "air_perkg_usd": [ null, null, null, null, null, 10.4, 10.5, 10.65, 10.8, 10.35, 9.6, 9.4 ], "express_perkg_usd": [ null, null, null, null, null, 16.65, 16.8, 17.05, 17.3, 16.55, 15.35, 15.05 ] }, "market_snapshot": { "items": [ { "label": "Rate soft", "icon": "chart", "status": "stable", "text": "Rates at multi-month lows — good time to ship" }, { "label": "Carrier competition", "icon": "container", "status": "stable", "text": "Multiple options available — compare quotes" }, { "label": "Harvest exports", "icon": "info", "status": "normal", "text": "Agricultural export season keeping some reefer space tight" } ] } }, { "slug": "trinidad-and-tobago", "rates": { "sea_20gp_usd": [ 4650, 5700 ], "sea_40gp_usd": [ 7500, 9150 ], "sea_lcl_usd_cbm": 325, "air_perkg_usd": 10.25, "express_perkg_usd": 16.35, "rail_20gp_usd": null, "rail_40gp_usd": null, "rail_lcl_usd_cbm": null }, "transit_days": { "sea": [ 9, 13 ], "air": [ 3, 4 ], "rail": [ 6, 9 ], "express": [ 3, 5 ], "lcl": [ 10, 17 ] }, "mom_delta": { "sea_40gp": -11.44, "sea_20gp": -11.54, "air": 2.5, "express": 1.87, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, null, 14500, 14375, 14300, 16000, 14450, 9400, 8325 ], "air_perkg_usd": [ null, null, null, null, null, 12.3, 12.2, 12.2, 12.75, 12.25, 10, 10.25 ], "express_perkg_usd": [ null, null, null, null, null, 19.65, 19.55, 19.55, 20.4, 19.6, 16.05, 16.35 ] }, "market_snapshot": { "items": [ { "label": "Tariff adjustment", "icon": "alert", "status": "tighter", "text": "Trade policy uncertainty — supply chains restructuring" }, { "label": "Rate pressure", "icon": "chart", "status": "stable", "text": "Overcapacity driving rates down — negotiate aggressively" }, { "label": "Capacity surplus", "icon": "container", "status": "stable", "text": "Carriers competing for volume on transpacific" }, { "label": "Nearshoring trend", "icon": "info", "status": "normal", "text": "More sourcing shifting to Mexico and Southeast Asia" } ] } }, { "slug": "uruguay", "rates": { "sea_20gp_usd": [ 1400, 1750 ], "sea_40gp_usd": [ 2250, 2750 ], "sea_lcl_usd_cbm": 110, "air_perkg_usd": 11, "express_perkg_usd": 17.65, "rail_20gp_usd": null, "rail_40gp_usd": null, "rail_lcl_usd_cbm": null }, "transit_days": { "sea": [ 32, 40 ], "air": [ 3, 5 ], "rail": null, "express": [ 2, 5 ], "lcl": [ 10, 15 ] }, "mom_delta": { "sea_40gp": -6.54, "sea_20gp": 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], "pool_lanes": [ { "id": "china-brazil", "country_slug": "brazil", "country_name": "Brazil", "cluster": "latam-nearshoring", "primary_mode": "sea", "recommended_origin": "Ningbo (sea via Santos)", "narrative_angle": "Largest LATAM gateway — Santos congestion + China auto manufacturing investment surge", "search_demand": "H", "fbx_drewry_overlap": true, "fbx_drewry_route": "China → South America East Coast (FBX)", "country_guide_path": "/country-guides/freight-from-china-to-brazil/", "rates": { "sea_20gp_usd": [ 1450, 1750 ], "sea_40gp_usd": [ 2250, 2750 ], "sea_lcl_usd_cbm": 76, "air_perkg_usd": 9, "express_perkg_usd": 14.4, "rail_20gp_usd": null, "rail_40gp_usd": null, "rail_lcl_usd_cbm": null }, "transit_days": { "sea": [ 30, 38 ], "air": [ 3, 4 ], "rail": null, "express": [ 3, 5 ], "lcl": [ 9, 17 ] }, "mom_delta": { "sea_40gp": -6.54, "sea_20gp": -7.25, "air": -1.64, "express": -2.04, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, null, 3550, 3675, 3825, 4000, 3500, 2675, 2500 ], "air_perkg_usd": [ null, null, null, null, null, 9.95, 10.05, 10.2, 10.35, 9.9, 9.15, 9 ], "express_perkg_usd": [ null, null, null, null, null, 15.9, 16.1, 16.3, 16.55, 15.85, 14.7, 14.4 ] }, "market_snapshot": { "items": [ { "label": "Rate soft", "icon": "chart", "status": "stable", "text": "Rates at multi-month lows — good time to ship" }, { "label": "Carrier competition", "icon": "container", "status": "stable", "text": "Multiple options available — compare quotes" }, { "label": "Harvest exports", "icon": "info", "status": "normal", "text": "Agricultural export season keeping some reefer space tight" } ] }, "narrative_draft": null }, { "id": "china-mexico", "country_slug": "mexico", "country_name": "Mexico", "cluster": "latam-nearshoring", "primary_mode": "sea", "recommended_origin": "Shenzhen (sea via Manzanillo)", "narrative_angle": "Nearshoring beneficiary — Manzanillo + Lazaro Cardenas + US-Mexico trade corridor", "search_demand": "H", "fbx_drewry_overlap": true, "fbx_drewry_route": "China → North America West Coast (FBX, partial proxy)", "country_guide_path": "/freight-china-mexico/", "rates": { "sea_20gp_usd": [ 1850, 2250 ], "sea_40gp_usd": [ 2950, 3600 ], "sea_lcl_usd_cbm": 138, "air_perkg_usd": 9.7, "express_perkg_usd": 15.55, "rail_20gp_usd": null, "rail_40gp_usd": null, "rail_lcl_usd_cbm": null }, "transit_days": { "sea": [ 18, 25 ], "air": [ 3, 4 ], "rail": [ 6, 9 ], "express": [ 3, 5 ], "lcl": [ 11, 16 ] }, "mom_delta": { "sea_40gp": -11.49, "sea_20gp": -11.83, "air": 2.11, "express": 1.97, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, null, 5725, 5675, 5650, 6325, 5700, 3700, 3275 ], "air_perkg_usd": [ null, null, null, null, null, 11.65, 11.6, 11.6, 12.1, 11.65, 9.5, 9.7 ], "express_perkg_usd": [ null, null, null, null, null, 18.65, 18.6, 18.55, 19.4, 18.6, 15.25, 15.55 ] }, "market_snapshot": { "items": [ { "label": "Tariff adjustment", "icon": "alert", "status": "tighter", "text": "Trade policy uncertainty — supply chains restructuring" }, { "label": "Rate pressure", "icon": "chart", "status": "stable", "text": "Overcapacity driving rates down — negotiate aggressively" }, { "label": "Capacity surplus", "icon": "container", "status": "stable", "text": "Carriers competing for volume on transpacific" }, { "label": "Nearshoring trend", "icon": "info", "status": "normal", "text": "More sourcing shifting to Mexico and Southeast Asia" } ] }, "narrative_draft": null }, { "id": "china-chile", "country_slug": "chile", "country_name": "Chile", "cluster": "latam-nearshoring", "primary_mode": "sea", "recommended_origin": "Shanghai (sea via Valparaiso)", "narrative_angle": "Copper exporter / lithium triangle gateway via Valparaiso", "search_demand": "M", "fbx_drewry_overlap": true, "fbx_drewry_route": "China → South America West Coast (FBX)", "country_guide_path": null, "rates": { "sea_20gp_usd": [ 1700, 2100 ], "sea_40gp_usd": [ 2700, 3300 ], "sea_lcl_usd_cbm": 134, "air_perkg_usd": 6.8, "express_perkg_usd": 10.9, "rail_20gp_usd": null, "rail_40gp_usd": null, "rail_lcl_usd_cbm": null }, "transit_days": { "sea": [ 28, 35 ], "air": [ 3, 5 ], "rail": null, "express": [ 2, 5 ], "lcl": [ 10, 16 ] }, "mom_delta": { "sea_40gp": -6.98, "sea_20gp": -7.32, "air": -2.16, "express": -1.8, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, null, 4275, 4400, 4600, 4825, 4225, 3225, 3000 ], "air_perkg_usd": [ null, null, null, null, null, 7.5, 7.6, 7.7, 7.85, 7.5, 6.95, 6.8 ], "express_perkg_usd": [ null, null, null, null, null, 12.05, 12.15, 12.3, 12.5, 12, 11.1, 10.9 ] }, "market_snapshot": { "items": [ { "label": "Rate soft", "icon": "chart", "status": "stable", "text": "Rates at multi-month lows — good time to ship" }, { "label": "Carrier competition", "icon": "container", "status": "stable", "text": "Multiple options available — compare quotes" }, { "label": "Harvest exports", "icon": "info", "status": "normal", "text": "Agricultural export season keeping some reefer space tight" } ] }, "narrative_draft": null }, { "id": "china-peru", "country_slug": "peru", "country_name": "Peru", "cluster": "latam-nearshoring", "primary_mode": "sea", "recommended_origin": "Shanghai (sea via Chancay/Callao)", "narrative_angle": "Chancay megaport just opened — first Chinese-built deep-sea hub on Pacific coast", "search_demand": "H", "fbx_drewry_overlap": true, "fbx_drewry_route": "China → South America West Coast (FBX)", "country_guide_path": "/shipping-from-china-to-peru/", "rates": { "sea_20gp_usd": [ 1550, 1900 ], "sea_40gp_usd": [ 2500, 3050 ], "sea_lcl_usd_cbm": 114, "air_perkg_usd": 9.4, "express_perkg_usd": 15.05, "rail_20gp_usd": null, "rail_40gp_usd": null, "rail_lcl_usd_cbm": null }, "transit_days": { "sea": [ 28, 35 ], "air": [ 3, 5 ], "rail": null, "express": [ 2, 4 ], "lcl": [ 11, 16 ] }, "mom_delta": { "sea_40gp": -5.93, "sea_20gp": -5.48, "air": -2.08, "express": -1.95, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, null, 3900, 4000, 4175, 4375, 3825, 2950, 2775 ], "air_perkg_usd": [ null, null, null, null, null, 10.4, 10.5, 10.65, 10.8, 10.35, 9.6, 9.4 ], "express_perkg_usd": [ null, null, null, null, null, 16.65, 16.8, 17.05, 17.3, 16.55, 15.35, 15.05 ] }, "market_snapshot": { "items": [ { "label": "Rate soft", "icon": "chart", "status": "stable", "text": "Rates at multi-month lows — good time to ship" }, { "label": "Carrier competition", "icon": "container", "status": "stable", "text": "Multiple options available — compare quotes" }, { "label": "Harvest exports", "icon": "info", "status": "normal", "text": "Agricultural export season keeping some reefer space tight" } ] }, "narrative_draft": null }, { "id": "china-colombia", "country_slug": "colombia", "country_name": "Colombia", "cluster": "latam-nearshoring", "primary_mode": "sea", "recommended_origin": "Shenzhen (sea via Buenaventura)", "narrative_angle": "Buenaventura main gateway, Caribbean access via Cartagena", "search_demand": "M", "fbx_drewry_overlap": true, "fbx_drewry_route": "China → South America West Coast (FBX)", "country_guide_path": "/freight-china-colombia/", "rates": { "sea_20gp_usd": [ 1700, 2100 ], "sea_40gp_usd": [ 2700, 3300 ], "sea_lcl_usd_cbm": 134, "air_perkg_usd": 9, "express_perkg_usd": 14.4, "rail_20gp_usd": null, "rail_40gp_usd": null, "rail_lcl_usd_cbm": null }, "transit_days": { "sea": [ 25, 32 ], "air": [ 3, 5 ], "rail": null, "express": [ 2, 5 ], "lcl": [ 11, 17 ] }, "mom_delta": { "sea_40gp": -6.98, "sea_20gp": -7.32, "air": -1.64, "express": -2.04, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, null, 4275, 4400, 4600, 4825, 4225, 3225, 3000 ], "air_perkg_usd": [ null, null, null, null, null, 9.95, 10.05, 10.2, 10.35, 9.9, 9.15, 9 ], "express_perkg_usd": [ null, null, null, null, null, 15.9, 16.1, 16.3, 16.55, 15.85, 14.7, 14.4 ] }, "market_snapshot": { "items": [ { "label": "Rate soft", "icon": "chart", "status": "stable", "text": "Rates at multi-month lows — good time to ship" }, { "label": "Carrier competition", "icon": "container", "status": "stable", "text": "Multiple options available — compare quotes" }, { "label": "Harvest exports", "icon": "info", "status": "normal", "text": "Agricultural export season keeping some reefer space tight" } ] }, "narrative_draft": null }, { "id": "china-ecuador", "country_slug": "ecuador", "country_name": "Ecuador", "cluster": "latam-nearshoring", "primary_mode": "sea", "recommended_origin": "Shanghai (sea via Guayaquil)", "narrative_angle": "Banana exporter, USD-economy, Guayaquil dredging", "search_demand": "L", "fbx_drewry_overlap": true, "fbx_drewry_route": "China → South America West Coast (FBX)", "country_guide_path": "/freight-china-ecuador/", "rates": { "sea_20gp_usd": [ 1700, 2100 ], "sea_40gp_usd": [ 2700, 3300 ], "sea_lcl_usd_cbm": 134, "air_perkg_usd": 9, "express_perkg_usd": 14.4, "rail_20gp_usd": null, "rail_40gp_usd": null, "rail_lcl_usd_cbm": null }, "transit_days": { "sea": [ 28, 35 ], "air": [ 3, 5 ], "rail": null, "express": [ 2, 5 ], "lcl": [ 9, 18 ] }, "mom_delta": { "sea_40gp": -6.98, "sea_20gp": -7.32, "air": -1.64, "express": -2.04, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, null, 4275, 4400, 4600, 4825, 4225, 3225, 3000 ], "air_perkg_usd": [ null, null, null, null, null, 9.95, 10.05, 10.2, 10.35, 9.9, 9.15, 9 ], "express_perkg_usd": [ null, null, null, null, null, 15.9, 16.1, 16.3, 16.55, 15.85, 14.7, 14.4 ] }, "market_snapshot": { "items": [ { "label": "Rate soft", "icon": "chart", "status": "stable", "text": "Rates at multi-month lows — good time to ship" }, { "label": "Carrier competition", "icon": "container", "status": "stable", "text": "Multiple options available — compare quotes" }, { "label": "Harvest exports", "icon": "info", "status": "normal", "text": "Agricultural export season keeping some reefer space tight" } ] }, "narrative_draft": null }, { "id": "china-argentina", "country_slug": "argentina", "country_name": "Argentina", "cluster": "latam-nearshoring", "primary_mode": "sea", "recommended_origin": "Ningbo (sea via Buenos Aires)", "narrative_angle": "Buenos Aires gateway — commodity exporter, FX-volatile demand cycles", "search_demand": "M", "fbx_drewry_overlap": true, "fbx_drewry_route": "China → South America East Coast (FBX)", "country_guide_path": null, "rates": { "sea_20gp_usd": [ 1350, 1650 ], "sea_40gp_usd": [ 2150, 2650 ], "sea_lcl_usd_cbm": 96, "air_perkg_usd": 9.2, "express_perkg_usd": 14.75, "rail_20gp_usd": null, "rail_40gp_usd": null, "rail_lcl_usd_cbm": null }, "transit_days": { "sea": [ 32, 40 ], "air": [ 3, 4 ], "rail": null, "express": [ 3, 5 ], "lcl": [ 11, 18 ] }, "mom_delta": { "sea_40gp": -7.69, "sea_20gp": -7.69, "air": -2.13, "express": -1.67, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, null, 3400, 3500, 3675, 3850, 3375, 2600, 2400 ], "air_perkg_usd": [ null, null, null, null, null, 10.15, 10.25, 10.4, 10.6, 10.15, 9.4, 9.2 ], "express_perkg_usd": [ null, null, null, null, null, 16.25, 16.45, 16.65, 16.95, 16.2, 15, 14.75 ] }, "market_snapshot": { "items": [ { "label": "Rate soft", "icon": "chart", "status": "stable", "text": "Rates at multi-month lows — good time to ship" }, { "label": "Carrier competition", "icon": "container", "status": "stable", "text": "Multiple options available — compare quotes" }, { "label": "Harvest exports", "icon": "info", "status": "normal", "text": "Agricultural export season keeping some reefer space tight" } ] }, "narrative_draft": null }, { "id": "china-spain", "country_slug": "spain", "country_name": "Spain", "cluster": "iberian-gateway", "primary_mode": "sea", "recommended_origin": "Shanghai (sea via Algeciras / Valencia)", "narrative_angle": "Algeciras / Valencia hub for Iberia + North Africa transshipment", "search_demand": "H", "fbx_drewry_overlap": true, "fbx_drewry_route": "China → North Europe / Med (FBX, Med proxy)", "country_guide_path": null, "rates": { "sea_20gp_usd": [ 3150, 3850 ], "sea_40gp_usd": [ 4750, 5800 ], "sea_lcl_usd_cbm": 128, "air_perkg_usd": 8.15, "express_perkg_usd": 13.05, "rail_20gp_usd": [ 4450, 5450 ], "rail_40gp_usd": [ 6500, 7950 ], "rail_lcl_usd_cbm": 225 }, "transit_days": { "sea": [ 25, 31 ], "air": [ 5, 7 ], "rail": [ 13, 18 ], "express": [ 5, 8 ], "lcl": [ 26, 35 ] }, "mom_delta": { "sea_40gp": -20.08, "sea_20gp": -20, "air": -7.39, "express": -7.45, "rail_40gp": -1.7 }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, null, 8800, 8500, 9950, 10275, 8175, 6600, 5275 ], "air_perkg_usd": [ null, null, null, null, null, 9.95, 9.8, 10.55, 10.7, 9.65, 8.8, 8.15 ], "express_perkg_usd": [ null, null, null, null, null, 15.9, 15.65, 16.85, 17.15, 15.4, 14.1, 13.05 ] }, "market_snapshot": { "items": [ { "label": "Rate decline", "icon": "chart", "status": "stable", "text": "Rates continuing downward — buyer's market for European imports" }, { "label": "Red Sea", "icon": "alert", "status": "tighter", "text": "Cape routing ongoing — transit time premium stable" }, { "label": "Overcapacity", "icon": "container", "status": "stable", "text": "New vessel deliveries increasing capacity — rates under pressure" }, { "label": "EU ETS cost", "icon": "info", "status": "normal", "text": "EU Emissions Trading System surcharges now standard on European routes" } ] }, "narrative_draft": null }, { "id": "china-portugal", "country_slug": "portugal", "country_name": "Portugal", "cluster": "iberian-gateway", "primary_mode": "sea", "recommended_origin": "Shanghai (sea via Sines / Lisbon)", "narrative_angle": "Sines deepwater port, Atlantic gateway for re-export to Africa + Americas", "search_demand": "M", "fbx_drewry_overlap": false, "country_guide_path": null, "rates": { "sea_20gp_usd": [ 2450, 3000 ], "sea_40gp_usd": [ 3950, 4800 ], "sea_lcl_usd_cbm": 49, "air_perkg_usd": 7.75, "express_perkg_usd": 12.4, "rail_20gp_usd": null, "rail_40gp_usd": null, "rail_lcl_usd_cbm": null }, "transit_days": { "sea": [ 25, 26 ], "air": [ 5, 7 ], "rail": [ 12, 13 ], "express": [ 5, 8 ], "lcl": [ 26, 30 ] }, "mom_delta": { "sea_40gp": -20.45, "sea_20gp": -21.01, "air": -7.74, "express": -7.46, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, null, 7325, 7050, 8275, 8550, 6825, 5500, 4375 ], "air_perkg_usd": [ null, null, null, null, null, 9.45, 9.3, 10, 10.15, 9.15, 8.4, 7.75 ], "express_perkg_usd": [ null, null, null, null, null, 15.1, 14.9, 16, 16.25, 14.65, 13.4, 12.4 ] }, "market_snapshot": { "items": [ { "label": "Rate decline", "icon": "chart", "status": "stable", "text": "Rates continuing downward — buyer's market for European imports" }, { "label": "Red Sea", "icon": "alert", "status": "tighter", "text": "Cape routing ongoing — transit time premium stable" }, { "label": "Overcapacity", "icon": "container", "status": "stable", "text": "New vessel deliveries increasing capacity — rates under pressure" }, { "label": "EU ETS cost", "icon": "info", "status": "normal", "text": "EU Emissions Trading System surcharges now standard on European routes" } ] }, "narrative_draft": null } ], "featured": [ { "lane_id": "china-peru", "country_slug": "peru", "country_name": "Peru", "cluster": "latam-nearshoring", "selection_reason": "top_mover_up", "selection_value_pct": -5.93, "primary_mode": "sea", "narrative_angle": "Chancay megaport just opened — first Chinese-built deep-sea hub on Pacific coast", "narrative_draft": null }, { "lane_id": "china-brazil", "country_slug": "brazil", "country_name": "Brazil", "cluster": "latam-nearshoring", "selection_reason": "top_mover_up", "selection_value_pct": -6.54, "primary_mode": "sea", "narrative_angle": "Largest LATAM gateway — Santos congestion + China auto manufacturing investment surge", "narrative_draft": null }, { "lane_id": "china-chile", "country_slug": "chile", "country_name": "Chile", "cluster": "latam-nearshoring", "selection_reason": "top_mover_up", "selection_value_pct": -6.98, "primary_mode": "sea", "narrative_angle": "Copper exporter / lithium triangle gateway via Valparaiso", "narrative_draft": null }, { "lane_id": "china-portugal", "country_slug": "portugal", "country_name": "Portugal", "cluster": "iberian-gateway", "selection_reason": "top_mover_down", "selection_value_pct": -20.45, "primary_mode": "sea", "narrative_angle": "Sines deepwater port, Atlantic gateway for re-export to Africa + Americas", "narrative_draft": null }, { "lane_id": "china-spain", "country_slug": "spain", "country_name": "Spain", "cluster": "iberian-gateway", "selection_reason": "top_mover_down", "selection_value_pct": -20.08, "primary_mode": "sea", "narrative_angle": "Algeciras / Valencia hub for Iberia + North Africa transshipment", "narrative_draft": null }, { "lane_id": "china-mexico", "country_slug": "mexico", "country_name": "Mexico", "cluster": "latam-nearshoring", "selection_reason": "top_mover_down", "selection_value_pct": -11.49, "primary_mode": "sea", "narrative_angle": "Nearshoring beneficiary — Manzanillo + Lazaro Cardenas + US-Mexico trade corridor", "narrative_draft": null } ], "calibration": { "methodology": "Lane Tracker publishes a single-forwarder benchmark. Where SINO's lanes overlap with FBX (12 routes E-W) or Drewry WCI (8 routes), we publish a delta vs the public index. For the ~14-16 emerging-markets lanes with no public benchmark (Middle Corridor, East Africa, MENA secondary, SE Asia secondary, Caribbean), no comparable data exists publicly.", "overlap_lanes": [ { "lane_id": "china-brazil", "country_name": "Brazil", "fbx_drewry_route": "China → South America East Coast (FBX)", "sino_midpoint_sea_40gp_usd": 2500, "public_index_value_usd": null, "delta_pct": null, "note": "Public index values fetched manually at publish time (TODO: automate via FBX API + Drewry widget scrape)." }, { "lane_id": "china-mexico", "country_name": "Mexico", "fbx_drewry_route": "China → North America West Coast (FBX, partial proxy)", "sino_midpoint_sea_40gp_usd": 3275, "public_index_value_usd": null, "delta_pct": null, "note": "Public index values fetched manually at publish time (TODO: automate via FBX API + Drewry widget scrape)." }, { "lane_id": "china-chile", "country_name": "Chile", "fbx_drewry_route": "China → South America West Coast (FBX)", "sino_midpoint_sea_40gp_usd": 3000, "public_index_value_usd": null, "delta_pct": null, "note": "Public index values fetched manually at publish time (TODO: automate via FBX API + Drewry widget scrape)." }, { "lane_id": "china-peru", "country_name": "Peru", "fbx_drewry_route": "China → South America West Coast (FBX)", "sino_midpoint_sea_40gp_usd": 2775, "public_index_value_usd": null, "delta_pct": null, "note": "Public index values fetched manually at publish time (TODO: automate via FBX API + Drewry widget scrape)." }, { "lane_id": "china-colombia", "country_name": "Colombia", "fbx_drewry_route": "China → South America West Coast (FBX)", "sino_midpoint_sea_40gp_usd": 3000, "public_index_value_usd": null, "delta_pct": null, "note": "Public index values fetched manually at publish time (TODO: automate via FBX API + Drewry widget scrape)." }, { "lane_id": "china-ecuador", "country_name": "Ecuador", "fbx_drewry_route": "China → South America West Coast (FBX)", "sino_midpoint_sea_40gp_usd": 3000, "public_index_value_usd": null, "delta_pct": null, "note": "Public index values fetched manually at publish time (TODO: automate via FBX API + Drewry widget scrape)." }, { "lane_id": "china-argentina", "country_name": "Argentina", "fbx_drewry_route": "China → South America East Coast (FBX)", "sino_midpoint_sea_40gp_usd": 2400, "public_index_value_usd": null, "delta_pct": null, "note": "Public index values fetched manually at publish time (TODO: automate via FBX API + Drewry widget scrape)." }, { "lane_id": "china-spain", "country_name": "Spain", "fbx_drewry_route": "China → North Europe / Med (FBX, Med proxy)", "sino_midpoint_sea_40gp_usd": 5275, "public_index_value_usd": null, "delta_pct": null, "note": "Public index values fetched manually at publish time (TODO: automate via FBX API + Drewry widget scrape)." } ], "no_benchmark_lanes_count": 1 }, "commentary": { "month": "2025-04", "author": "SINO Shipping desk", "title": "Iberia keeps falling, LATAM searches for a floor", "lede": "April splits the pool. Iberia takes a third consecutive -20% leg as Algeciras transshipment volumes collapse. The LATAM cluster decelerates to single-digit declines, hunting for support.", "paragraphs": [ "China → Portugal sea 40GP shed 20.45% to USD 3,950–4,800 and China → Spain -20.08% to USD 4,750–5,800. The Iberian gateway is now down roughly 50% from the December peak across three consecutive months. Algeciras transshipment to North Africa and Atlantic re-export thinned as European import demand stayed weak through Easter — the cycle has not yet found a floor.", "The LATAM cluster decelerated sharply. Pacific Alliance lanes — Chile, Colombia, Ecuador — each shed 6.98%, Peru -5.93%, Brazil -6.54%, Argentina -7.69%. After three months of double-digit declines the cluster appears to be reaching support. The single-block behaviour persists: seven months running, no lane-specific divergence in the Andean trio.", "Mexico decelerated to -11.49% — still the steepest LATAM move but well off the March collapse — to USD 2,950–3,600. The lane crossed below the Pacific Alliance baseline for the first time in the back-history. Manzanillo demand softened on lighter nearshoring forward orders into a soft Q2 US consumption read." ], "pull_quote": { "stat": "-20.45%", "caption": "CHINA → PORTUGAL, SEA 40GP, MOM", "context": "third consecutive month at this pace — Iberia down ~50% from December peak" }, "watch_next": [ "Iberia floor — whether May breaks the -20% pattern or extends to a fourth leg.", "Mexico vs Pacific Alliance ranking — first month Mexico prints below the cluster, a structural signal.", "Brazil agribusiness export window — Santos berth dwell into May should support inbound rates.", "Pacific Alliance single-block run — seven months and counting; Chancay opening in July is the first plausible disruptor." ] }, "story": null, "counts": { "countries": 26, "pool_lanes": 9, "featured": 6, "overlap_lanes": 8 } }