{ "version": "1.0.0", "month": "2025-05", "published": "2025-05-05", "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": [ 1400, 1700 ], "sea_40gp_usd": [ 2250, 2750 ], "sea_lcl_usd_cbm": 97, "air_perkg_usd": 9.3, "express_perkg_usd": 14.85, "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": 4.17, "sea_20gp": 3.33, "air": 1.09, "express": 0.68, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, 3400, 3500, 3675, 3850, 3375, 2600, 2400, 2500 ], "air_perkg_usd": [ null, null, null, null, 10.15, 10.25, 10.4, 10.6, 10.15, 9.4, 9.2, 9.3 ], "express_perkg_usd": [ null, null, null, null, 16.25, 16.45, 16.65, 16.95, 16.2, 15, 14.75, 14.85 ] }, "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": [ 1600, 1950 ], "sea_40gp_usd": [ 2550, 3100 ], "sea_lcl_usd_cbm": 115, "air_perkg_usd": 9.5, "express_perkg_usd": 15.15, "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": 1.8, "sea_20gp": 2.9, "air": 1.06, "express": 0.66, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, 3900, 4000, 4175, 4375, 3825, 2950, 2775, 2825 ], "air_perkg_usd": [ null, null, null, null, 10.4, 10.5, 10.65, 10.8, 10.35, 9.6, 9.4, 9.5 ], "express_perkg_usd": [ null, null, null, null, 16.65, 16.8, 17.05, 17.3, 16.55, 15.35, 15.05, 15.15 ] }, "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": [ 1500, 1800 ], "sea_40gp_usd": [ 2300, 2850 ], "sea_lcl_usd_cbm": 77, "air_perkg_usd": 9.05, "express_perkg_usd": 14.5, "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": 3, "sea_20gp": 3.13, "air": 0.56, "express": 0.69, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, 3550, 3675, 3825, 4000, 3500, 2675, 2500, 2575 ], "air_perkg_usd": [ null, null, null, null, 9.95, 10.05, 10.2, 10.35, 9.9, 9.15, 9, 9.05 ], "express_perkg_usd": [ null, null, null, null, 15.9, 16.1, 16.3, 16.55, 15.85, 14.7, 14.4, 14.5 ] }, "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": [ 1750, 2150 ], "sea_40gp_usd": [ 2800, 3400 ], "sea_lcl_usd_cbm": 135, "air_perkg_usd": 6.85, "express_perkg_usd": 10.95, "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": 3.33, "sea_20gp": 2.63, "air": 0.74, "express": 0.46, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, 4275, 4400, 4600, 4825, 4225, 3225, 3000, 3100 ], "air_perkg_usd": [ null, null, null, null, 7.5, 7.6, 7.7, 7.85, 7.5, 6.95, 6.8, 6.85 ], "express_perkg_usd": [ null, null, null, null, 12.05, 12.15, 12.3, 12.5, 12, 11.1, 10.9, 10.95 ] }, "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": [ 1750, 2150 ], "sea_40gp_usd": [ 2800, 3400 ], "sea_lcl_usd_cbm": 135, "air_perkg_usd": 9.05, "express_perkg_usd": 14.5, "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": 3.33, "sea_20gp": 2.63, "air": 0.56, "express": 0.69, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, 4275, 4400, 4600, 4825, 4225, 3225, 3000, 3100 ], "air_perkg_usd": [ null, null, null, null, 9.95, 10.05, 10.2, 10.35, 9.9, 9.15, 9, 9.05 ], "express_perkg_usd": [ null, null, null, null, 15.9, 16.1, 16.3, 16.55, 15.85, 14.7, 14.4, 14.5 ] }, "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": [ 2900, 3550 ], "sea_lcl_usd_cbm": 137, "air_perkg_usd": 9.7, "express_perkg_usd": 15.5, "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": -1.53, "sea_20gp": 0, "air": 0, "express": -0.32, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, 5725, 5675, 5650, 6325, 5700, 3700, 3275, 3225 ], "air_perkg_usd": [ null, null, null, null, 11.65, 11.6, 11.6, 12.1, 11.65, 9.5, 9.7, 9.7 ], "express_perkg_usd": [ null, null, null, null, 18.65, 18.6, 18.55, 19.4, 18.6, 15.25, 15.55, 15.5 ] }, "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": [ 4600, 5650 ], "sea_40gp_usd": [ 7400, 9000 ], "sea_lcl_usd_cbm": 323, "air_perkg_usd": 10.2, "express_perkg_usd": 16.3, "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": -1.5, "sea_20gp": -0.97, "air": -0.49, "express": -0.31, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, 14500, 14375, 14300, 16000, 14450, 9400, 8325, 8200 ], "air_perkg_usd": [ null, null, null, null, 12.3, 12.2, 12.2, 12.75, 12.25, 10, 10.25, 10.2 ], "express_perkg_usd": [ null, null, null, null, 19.65, 19.55, 19.55, 20.4, 19.6, 16.05, 16.35, 16.3 ] }, "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": [ 4600, 5650 ], "sea_40gp_usd": [ 7400, 9000 ], "sea_lcl_usd_cbm": 323, "air_perkg_usd": 10.2, "express_perkg_usd": 16.3, "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": -1.5, "sea_20gp": -0.97, "air": -0.49, "express": -0.31, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, 14500, 14375, 14300, 16000, 14450, 9400, 8325, 8200 ], "air_perkg_usd": [ null, null, null, null, 12.3, 12.2, 12.2, 12.75, 12.25, 10, 10.25, 10.2 ], "express_perkg_usd": [ null, null, null, null, 19.65, 19.55, 19.55, 20.4, 19.6, 16.05, 16.35, 16.3 ] }, "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": [ 1750, 2150 ], "sea_40gp_usd": [ 2800, 3400 ], "sea_lcl_usd_cbm": 135, "air_perkg_usd": 9.05, "express_perkg_usd": 14.5, "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": 3.33, "sea_20gp": 2.63, "air": 0.56, "express": 0.69, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, 4275, 4400, 4600, 4825, 4225, 3225, 3000, 3100 ], "air_perkg_usd": [ null, null, null, null, 9.95, 10.05, 10.2, 10.35, 9.9, 9.15, 9, 9.05 ], "express_perkg_usd": [ null, null, null, null, 15.9, 16.1, 16.3, 16.55, 15.85, 14.7, 14.4, 14.5 ] }, "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": [ 2900, 3550 ], "sea_lcl_usd_cbm": 137, "air_perkg_usd": 9.7, "express_perkg_usd": 15.5, "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": -1.53, "sea_20gp": 0, "air": 0, "express": -0.32, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, 5725, 5675, 5650, 6325, 5700, 3700, 3275, 3225 ], "air_perkg_usd": [ null, null, null, null, 11.65, 11.6, 11.6, 12.1, 11.65, 9.5, 9.7, 9.7 ], "express_perkg_usd": [ null, null, null, null, 18.65, 18.6, 18.55, 19.4, 18.6, 15.25, 15.55, 15.5 ] }, "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": [ 2900, 3550 ], "sea_lcl_usd_cbm": 137, "air_perkg_usd": 9.7, "express_perkg_usd": 15.5, "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": -1.53, "sea_20gp": 0, "air": 0, "express": -0.32, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, 5725, 5675, 5650, 6325, 5700, 3700, 3275, 3225 ], "air_perkg_usd": [ null, null, null, null, 11.65, 11.6, 11.6, 12.1, 11.65, 9.5, 9.7, 9.7 ], "express_perkg_usd": [ null, null, null, null, 18.65, 18.6, 18.55, 19.4, 18.6, 15.25, 15.55, 15.5 ] }, "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": [ 1600, 1950 ], "sea_40gp_usd": [ 2550, 3100 ], "sea_lcl_usd_cbm": 115, "air_perkg_usd": 9.5, "express_perkg_usd": 15.15, "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": 1.8, "sea_20gp": 2.9, "air": 1.06, "express": 0.66, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, 3900, 4000, 4175, 4375, 3825, 2950, 2775, 2825 ], "air_perkg_usd": [ null, null, null, null, 10.4, 10.5, 10.65, 10.8, 10.35, 9.6, 9.4, 9.5 ], "express_perkg_usd": [ null, null, null, null, 16.65, 16.8, 17.05, 17.3, 16.55, 15.35, 15.05, 15.15 ] }, "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": [ 4600, 5650 ], "sea_40gp_usd": [ 7400, 9000 ], "sea_lcl_usd_cbm": 323, "air_perkg_usd": 10.2, "express_perkg_usd": 16.3, "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": -1.5, "sea_20gp": -0.97, "air": -0.49, "express": -0.31, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, 14500, 14375, 14300, 16000, 14450, 9400, 8325, 8200 ], "air_perkg_usd": [ null, null, null, null, 12.3, 12.2, 12.2, 12.75, 12.25, 10, 10.25, 10.2 ], "express_perkg_usd": [ null, null, null, null, 19.65, 19.55, 19.55, 20.4, 19.6, 16.05, 16.35, 16.3 ] }, "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": [ 2900, 3550 ], "sea_lcl_usd_cbm": 137, "air_perkg_usd": 9.7, "express_perkg_usd": 15.5, "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": -1.53, "sea_20gp": 0, "air": 0, "express": -0.32, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, 5725, 5675, 5650, 6325, 5700, 3700, 3275, 3225 ], "air_perkg_usd": [ null, null, null, null, 11.65, 11.6, 11.6, 12.1, 11.65, 9.5, 9.7, 9.7 ], "express_perkg_usd": [ null, null, null, null, 18.65, 18.6, 18.55, 19.4, 18.6, 15.25, 15.55, 15.5 ] }, "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": [ 4600, 5650 ], "sea_40gp_usd": [ 7400, 9000 ], "sea_lcl_usd_cbm": 323, "air_perkg_usd": 10.2, "express_perkg_usd": 16.3, "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": -1.5, "sea_20gp": -0.97, "air": -0.49, "express": -0.31, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, 14500, 14375, 14300, 16000, 14450, 9400, 8325, 8200 ], "air_perkg_usd": [ null, null, null, null, 12.3, 12.2, 12.2, 12.75, 12.25, 10, 10.25, 10.2 ], "express_perkg_usd": [ null, null, null, null, 19.65, 19.55, 19.55, 20.4, 19.6, 16.05, 16.35, 16.3 ] }, "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": [ 2900, 3550 ], "sea_lcl_usd_cbm": 137, "air_perkg_usd": 9.7, "express_perkg_usd": 15.5, "rail_20gp_usd": null, "rail_40gp_usd": null, 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"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": [ 2900, 3550 ], "sea_lcl_usd_cbm": 137, "air_perkg_usd": 9.7, "express_perkg_usd": 15.5, "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": -1.53, "sea_20gp": 0, "air": 0, "express": -0.32, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, 5725, 5675, 5650, 6325, 5700, 3700, 3275, 3225 ], "air_perkg_usd": [ null, null, null, null, 11.65, 11.6, 11.6, 12.1, 11.65, 9.5, 9.7, 9.7 ], "express_perkg_usd": [ null, null, null, null, 18.65, 18.6, 18.55, 19.4, 18.6, 15.25, 15.55, 15.5 ] }, "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": [ 2900, 3550 ], "sea_lcl_usd_cbm": 137, "air_perkg_usd": 9.7, "express_perkg_usd": 15.5, "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": -1.53, "sea_20gp": 0, "air": 0, "express": -0.32, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, 5725, 5675, 5650, 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"rail_40gp_usd": null, "rail_lcl_usd_cbm": null }, "transit_days": { "sea": [ 35, 42 ], "air": [ 4, 6 ], "rail": null, "express": [ 2, 5 ], "lcl": [ 11, 16 ] }, "mom_delta": { "sea_40gp": 1.8, "sea_20gp": 2.9, "air": 1.06, "express": 0.66, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, 3900, 4000, 4175, 4375, 3825, 2950, 2775, 2825 ], "air_perkg_usd": [ null, null, null, null, 10.4, 10.5, 10.65, 10.8, 10.35, 9.6, 9.4, 9.5 ], "express_perkg_usd": [ null, null, null, null, 16.65, 16.8, 17.05, 17.3, 16.55, 15.35, 15.05, 15.15 ] }, "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": "peru", "rates": { "sea_20gp_usd": [ 1600, 1950 ], "sea_40gp_usd": [ 2550, 3100 ], "sea_lcl_usd_cbm": 115, "air_perkg_usd": 9.5, "express_perkg_usd": 15.15, "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": 1.8, "sea_20gp": 2.9, "air": 1.06, "express": 0.66, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, 3900, 4000, 4175, 4375, 3825, 2950, 2775, 2825 ], "air_perkg_usd": [ null, null, null, null, 10.4, 10.5, 10.65, 10.8, 10.35, 9.6, 9.4, 9.5 ], "express_perkg_usd": [ null, null, null, null, 16.65, 16.8, 17.05, 17.3, 16.55, 15.35, 15.05, 15.15 ] }, "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": "portugal", "rates": { "sea_20gp_usd": [ 2650, 3250 ], "sea_40gp_usd": [ 4250, 5200 ], "sea_lcl_usd_cbm": 51, "air_perkg_usd": 7.95, "express_perkg_usd": 12.7, "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": 8, "sea_20gp": 8.26, "air": 2.58, "express": 2.42, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, 7325, 7050, 8275, 8550, 6825, 5500, 4375, 4725 ], "air_perkg_usd": [ null, null, null, null, 9.45, 9.3, 10, 10.15, 9.15, 8.4, 7.75, 7.95 ], "express_perkg_usd": [ null, null, null, null, 15.1, 14.9, 16, 16.25, 14.65, 13.4, 12.4, 12.7 ] }, "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": [ 3350, 4100 ], "sea_40gp_usd": [ 5100, 6250 ], "sea_lcl_usd_cbm": 132, "air_perkg_usd": 8.35, "express_perkg_usd": 13.35, "rail_20gp_usd": [ 4500, 5500 ], "rail_40gp_usd": [ 6500, 7950 ], "rail_lcl_usd_cbm": 227 }, "transit_days": { "sea": [ 25, 31 ], "air": [ 5, 7 ], "rail": [ 13, 18 ], "express": [ 5, 8 ], "lcl": [ 26, 35 ] }, "mom_delta": { "sea_40gp": 7.58, "sea_20gp": 6.43, "air": 2.45, "express": 2.3, 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[ 2550, 3100 ], "sea_lcl_usd_cbm": 115, "air_perkg_usd": 9.5, "express_perkg_usd": 15.15, "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": 1.8, "sea_20gp": 2.9, "air": 1.06, "express": 0.66, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, 3900, 4000, 4175, 4375, 3825, 2950, 2775, 2825 ], "air_perkg_usd": [ null, null, null, null, 10.4, 10.5, 10.65, 10.8, 10.35, 9.6, 9.4, 9.5 ], "express_perkg_usd": [ null, null, null, null, 16.65, 16.8, 17.05, 17.3, 16.55, 15.35, 15.05, 15.15 ] }, "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": [ 4600, 5650 ], "sea_40gp_usd": [ 7400, 9000 ], "sea_lcl_usd_cbm": 323, "air_perkg_usd": 10.2, "express_perkg_usd": 16.3, "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": -1.5, "sea_20gp": -0.97, "air": -0.49, "express": -0.31, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, 14500, 14375, 14300, 16000, 14450, 9400, 8325, 8200 ], "air_perkg_usd": [ null, null, null, null, 12.3, 12.2, 12.2, 12.75, 12.25, 10, 10.25, 10.2 ], "express_perkg_usd": [ null, null, null, null, 19.65, 19.55, 19.55, 20.4, 19.6, 16.05, 16.35, 16.3 ] }, "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": [ 1450, 1800 ], "sea_40gp_usd": [ 2300, 2850 ], "sea_lcl_usd_cbm": 111, "air_perkg_usd": 11.1, "express_perkg_usd": 17.75, "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": 3, "sea_20gp": 3.17, "air": 0.91, "express": 0.57, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, 3550, 3675, 3825, 4000, 3500, 2675, 2500, 2575 ], "air_perkg_usd": [ null, null, null, null, 12.15, 12.3, 12.45, 12.65, 12.1, 11.2, 11, 11.1 ], "express_perkg_usd": [ null, null, null, null, 19.45, 19.65, 19.95, 20.25, 19.4, 17.95, 17.65, 17.75 ] }, "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": "venezuela", "rates": { "sea_20gp_usd": [ 1600, 1950 ], "sea_40gp_usd": [ 2550, 3100 ], "sea_lcl_usd_cbm": 115, "air_perkg_usd": 9.5, "express_perkg_usd": 15.15, "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": [ 11, 16 ] }, "mom_delta": { "sea_40gp": 1.8, "sea_20gp": 2.9, "air": 1.06, "express": 0.66, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, 3900, 4000, 4175, 4375, 3825, 2950, 2775, 2825 ], "air_perkg_usd": [ null, null, null, null, 10.4, 10.5, 10.65, 10.8, 10.35, 9.6, 9.4, 9.5 ], "express_perkg_usd": [ null, null, null, null, 16.65, 16.8, 17.05, 17.3, 16.55, 15.35, 15.05, 15.15 ] }, "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" } ] } } ], "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": [ 1500, 1800 ], "sea_40gp_usd": [ 2300, 2850 ], "sea_lcl_usd_cbm": 77, "air_perkg_usd": 9.05, "express_perkg_usd": 14.5, "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": 3, "sea_20gp": 3.13, "air": 0.56, "express": 0.69, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, 3550, 3675, 3825, 4000, 3500, 2675, 2500, 2575 ], "air_perkg_usd": [ null, null, null, null, 9.95, 10.05, 10.2, 10.35, 9.9, 9.15, 9, 9.05 ], "express_perkg_usd": [ null, null, null, null, 15.9, 16.1, 16.3, 16.55, 15.85, 14.7, 14.4, 14.5 ] }, "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": [ 2900, 3550 ], "sea_lcl_usd_cbm": 137, "air_perkg_usd": 9.7, "express_perkg_usd": 15.5, "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": -1.53, "sea_20gp": 0, "air": 0, "express": -0.32, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, 5725, 5675, 5650, 6325, 5700, 3700, 3275, 3225 ], "air_perkg_usd": [ null, null, null, null, 11.65, 11.6, 11.6, 12.1, 11.65, 9.5, 9.7, 9.7 ], "express_perkg_usd": [ null, null, null, null, 18.65, 18.6, 18.55, 19.4, 18.6, 15.25, 15.55, 15.5 ] }, "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": [ 1750, 2150 ], "sea_40gp_usd": [ 2800, 3400 ], "sea_lcl_usd_cbm": 135, "air_perkg_usd": 6.85, "express_perkg_usd": 10.95, "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": 3.33, "sea_20gp": 2.63, "air": 0.74, "express": 0.46, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, 4275, 4400, 4600, 4825, 4225, 3225, 3000, 3100 ], "air_perkg_usd": [ null, null, null, null, 7.5, 7.6, 7.7, 7.85, 7.5, 6.95, 6.8, 6.85 ], "express_perkg_usd": [ null, null, null, null, 12.05, 12.15, 12.3, 12.5, 12, 11.1, 10.9, 10.95 ] }, "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": [ 1600, 1950 ], "sea_40gp_usd": [ 2550, 3100 ], "sea_lcl_usd_cbm": 115, "air_perkg_usd": 9.5, "express_perkg_usd": 15.15, "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": 1.8, "sea_20gp": 2.9, "air": 1.06, "express": 0.66, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, 3900, 4000, 4175, 4375, 3825, 2950, 2775, 2825 ], "air_perkg_usd": [ null, null, null, null, 10.4, 10.5, 10.65, 10.8, 10.35, 9.6, 9.4, 9.5 ], "express_perkg_usd": [ null, null, null, null, 16.65, 16.8, 17.05, 17.3, 16.55, 15.35, 15.05, 15.15 ] }, "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": [ 1750, 2150 ], "sea_40gp_usd": [ 2800, 3400 ], "sea_lcl_usd_cbm": 135, "air_perkg_usd": 9.05, "express_perkg_usd": 14.5, "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": 3.33, "sea_20gp": 2.63, "air": 0.56, "express": 0.69, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, 4275, 4400, 4600, 4825, 4225, 3225, 3000, 3100 ], "air_perkg_usd": [ null, null, null, null, 9.95, 10.05, 10.2, 10.35, 9.9, 9.15, 9, 9.05 ], "express_perkg_usd": [ null, null, null, null, 15.9, 16.1, 16.3, 16.55, 15.85, 14.7, 14.4, 14.5 ] }, "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": [ 1750, 2150 ], "sea_40gp_usd": [ 2800, 3400 ], "sea_lcl_usd_cbm": 135, "air_perkg_usd": 9.05, "express_perkg_usd": 14.5, "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": 3.33, "sea_20gp": 2.63, "air": 0.56, "express": 0.69, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, 4275, 4400, 4600, 4825, 4225, 3225, 3000, 3100 ], "air_perkg_usd": [ null, null, null, null, 9.95, 10.05, 10.2, 10.35, 9.9, 9.15, 9, 9.05 ], "express_perkg_usd": [ null, null, null, null, 15.9, 16.1, 16.3, 16.55, 15.85, 14.7, 14.4, 14.5 ] }, "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": [ 1400, 1700 ], "sea_40gp_usd": [ 2250, 2750 ], "sea_lcl_usd_cbm": 97, "air_perkg_usd": 9.3, "express_perkg_usd": 14.85, "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": 4.17, "sea_20gp": 3.33, "air": 1.09, "express": 0.68, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, 3400, 3500, 3675, 3850, 3375, 2600, 2400, 2500 ], "air_perkg_usd": [ null, null, null, null, 10.15, 10.25, 10.4, 10.6, 10.15, 9.4, 9.2, 9.3 ], "express_perkg_usd": [ null, null, null, null, 16.25, 16.45, 16.65, 16.95, 16.2, 15, 14.75, 14.85 ] }, "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": [ 3350, 4100 ], "sea_40gp_usd": [ 5100, 6250 ], "sea_lcl_usd_cbm": 132, "air_perkg_usd": 8.35, "express_perkg_usd": 13.35, "rail_20gp_usd": [ 4500, 5500 ], "rail_40gp_usd": [ 6500, 7950 ], "rail_lcl_usd_cbm": 227 }, "transit_days": { "sea": [ 25, 31 ], "air": [ 5, 7 ], "rail": [ 13, 18 ], "express": [ 5, 8 ], "lcl": [ 26, 35 ] }, "mom_delta": { "sea_40gp": 7.58, "sea_20gp": 6.43, "air": 2.45, "express": 2.3, "rail_40gp": 0 }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, 8800, 8500, 9950, 10275, 8175, 6600, 5275, 5675 ], "air_perkg_usd": [ null, null, null, null, 9.95, 9.8, 10.55, 10.7, 9.65, 8.8, 8.15, 8.35 ], "express_perkg_usd": [ null, null, null, null, 15.9, 15.65, 16.85, 17.15, 15.4, 14.1, 13.05, 13.35 ] }, "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": [ 2650, 3250 ], "sea_40gp_usd": [ 4250, 5200 ], "sea_lcl_usd_cbm": 51, "air_perkg_usd": 7.95, "express_perkg_usd": 12.7, "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": 8, "sea_20gp": 8.26, "air": 2.58, "express": 2.42, "rail_40gp": null }, "series_12mo": { "sea_40gp_usd": [ null, null, null, null, 7325, 7050, 8275, 8550, 6825, 5500, 4375, 4725 ], "air_perkg_usd": [ null, null, null, null, 9.45, 9.3, 10, 10.15, 9.15, 8.4, 7.75, 7.95 ], "express_perkg_usd": [ null, null, null, null, 15.1, 14.9, 16, 16.25, 14.65, 13.4, 12.4, 12.7 ] }, "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-portugal", "country_slug": "portugal", "country_name": "Portugal", "cluster": "iberian-gateway", "selection_reason": "top_mover_up", "selection_value_pct": 8, "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_up", "selection_value_pct": 7.58, "primary_mode": "sea", "narrative_angle": "Algeciras / Valencia hub for Iberia + North Africa transshipment", "narrative_draft": null }, { "lane_id": "china-argentina", "country_slug": "argentina", "country_name": "Argentina", "cluster": "latam-nearshoring", "selection_reason": "top_mover_up", "selection_value_pct": 4.17, "primary_mode": "sea", "narrative_angle": "Buenos Aires gateway — commodity exporter, FX-volatile demand cycles", "narrative_draft": null }, { "lane_id": "china-mexico", "country_slug": "mexico", "country_name": "Mexico", "cluster": "latam-nearshoring", "selection_reason": "top_mover_down", "selection_value_pct": -1.53, "primary_mode": "sea", "narrative_angle": "Nearshoring beneficiary — Manzanillo + Lazaro Cardenas + US-Mexico trade corridor", "narrative_draft": null }, { "lane_id": "china-peru", "country_slug": "peru", "country_name": "Peru", "cluster": "latam-nearshoring", "selection_reason": "top_mover_down", "selection_value_pct": 1.8, "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_down", "selection_value_pct": 3, "primary_mode": "sea", "narrative_angle": "Largest LATAM gateway — Santos congestion + China auto manufacturing investment surge", "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": 2575, "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": 3225, "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": 3100, "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": 2825, "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": 3100, "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": 3100, "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": 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-spain", "country_name": "Spain", "fbx_drewry_route": "China → North Europe / Med (FBX, Med proxy)", "sino_midpoint_sea_40gp_usd": 5675, "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": "2025-05", "author": "SINO Shipping desk", "title": "Iberia rebounds 8%, LATAM finds a floor", "lede": "May reverses the four-month destocking cycle. Iberia firms back ~8% as Algeciras transshipment volumes reset, the LATAM cluster stabilises in low single digits, Mexico is still bleeding.", "paragraphs": [ "China → Portugal sea 40GP rose 8.00% to USD 4,250–5,200 and China → Spain +7.58% to USD 5,100–6,250 — the largest upward moves in the pool and the first positive prints on the Iberian gateway since December. Algeciras and Sines transshipment rebuilt as European pre-summer forward orders for the back-to-school window began landing.", "The LATAM cluster stabilised. Argentina led at +4.17% to USD 2,250–2,750, the Pacific Alliance lanes — Chile, Colombia, Ecuador — each added 3.33%, Brazil +3.00% and Peru +1.80%. Eight months of cluster-block behaviour now hold through the inflection: no Andean lane has yet broken pattern. The bottoming process is symmetric to the destocking.", "Mexico remained the outlier. China → Mexico printed -1.53% to USD 2,900–3,550, the only negative move in the LATAM cluster this month. The lane is now firmly below the Pacific Alliance baseline — a structural inversion relative to the back-history baseline. Manzanillo demand has not recovered with the cluster." ], "pull_quote": { "stat": "+8.0%", "caption": "CHINA → PORTUGAL, SEA 40GP, MOM", "context": "Iberian gateway prints its first up-month since December" }, "watch_next": [ "Iberia June continuation — whether the rebound holds or stalls as the summer inventory cycle matures.", "Mexico inflection — third consecutive sub-cluster print; carrier capacity rationalisation likely.", "Pacific Alliance block — nine months of unified movement; Chancay first deep-sea services scheduled July.", "Brazil agribusiness peak — Santos congestion building into June; inbound rates should compound." ] }, "story": null, "counts": { "countries": 26, "pool_lanes": 9, "featured": 6, "overlap_lanes": 8 } }