{
  "version": "1.0.0",
  "month": "2025-10",
  "published": "2025-10-05",
  "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": [
          1150,
          1450
        ],
        "sea_40gp_usd": [
          1900,
          2300
        ],
        "sea_lcl_usd_cbm": 92,
        "air_perkg_usd": 8.9,
        "express_perkg_usd": 14.25,
        "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": -12.5,
        "sea_20gp": -13.33,
        "air": -3.26,
        "express": -3.39,
        "rail_40gp": null
      },
      "series_12mo": {
        "sea_40gp_usd": [
          3500,
          3675,
          3850,
          3375,
          2600,
          2400,
          2500,
          3375,
          2825,
          2350,
          2400,
          2100
        ],
        "air_perkg_usd": [
          10.25,
          10.4,
          10.6,
          10.15,
          9.4,
          9.2,
          9.3,
          10.25,
          9.6,
          9.15,
          9.2,
          8.9
        ],
        "express_perkg_usd": [
          16.45,
          16.65,
          16.95,
          16.2,
          15,
          14.75,
          14.85,
          16.35,
          15.35,
          14.65,
          14.75,
          14.25
        ]
      },
      "market_snapshot": {
        "items": [
          {
            "label": "Low rates",
            "icon": "chart",
            "status": "stable",
            "text": "Rates at year's low — excellent value for shippers"
          },
          {
            "label": "Ample space",
            "icon": "container",
            "status": "stable",
            "text": "Good availability on all South American routes"
          },
          {
            "label": "Contract window",
            "icon": "calendar",
            "status": "normal",
            "text": "Ideal time for annual contract negotiations"
          }
        ]
      }
    },
    {
      "slug": "bolivia",
      "rates": {
        "sea_20gp_usd": [
          1300,
          1650
        ],
        "sea_40gp_usd": [
          2150,
          2600
        ],
        "sea_lcl_usd_cbm": 110,
        "air_perkg_usd": 9.1,
        "express_perkg_usd": 14.55,
        "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": -12.84,
        "sea_20gp": -14.49,
        "air": -3.19,
        "express": -3.32,
        "rail_40gp": null
      },
      "series_12mo": {
        "sea_40gp_usd": [
          4000,
          4175,
          4375,
          3825,
          2950,
          2775,
          2825,
          3825,
          3225,
          2675,
          2725,
          2375
        ],
        "air_perkg_usd": [
          10.5,
          10.65,
          10.8,
          10.35,
          9.6,
          9.4,
          9.5,
          10.45,
          9.8,
          9.35,
          9.4,
          9.1
        ],
        "express_perkg_usd": [
          16.8,
          17.05,
          17.3,
          16.55,
          15.35,
          15.05,
          15.15,
          16.7,
          15.7,
          15,
          15.05,
          14.55
        ]
      },
      "market_snapshot": {
        "items": [
          {
            "label": "Low rates",
            "icon": "chart",
            "status": "stable",
            "text": "Rates at year's low — excellent value for shippers"
          },
          {
            "label": "Ample space",
            "icon": "container",
            "status": "stable",
            "text": "Good availability on all South American routes"
          },
          {
            "label": "Contract window",
            "icon": "calendar",
            "status": "normal",
            "text": "Ideal time for annual contract negotiations"
          }
        ]
      }
    },
    {
      "slug": "brazil",
      "rates": {
        "sea_20gp_usd": [
          1250,
          1550
        ],
        "sea_40gp_usd": [
          1950,
          2400
        ],
        "sea_lcl_usd_cbm": 73,
        "air_perkg_usd": 8.7,
        "express_perkg_usd": 13.95,
        "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": -13,
        "sea_20gp": -12.5,
        "air": -3.33,
        "express": -3.13,
        "rail_40gp": null
      },
      "series_12mo": {
        "sea_40gp_usd": [
          3675,
          3825,
          4000,
          3500,
          2675,
          2500,
          2575,
          3475,
          2950,
          2450,
          2500,
          2175
        ],
        "air_perkg_usd": [
          10.05,
          10.2,
          10.35,
          9.9,
          9.15,
          9,
          9.05,
          10,
          9.4,
          8.95,
          9,
          8.7
        ],
        "express_perkg_usd": [
          16.1,
          16.3,
          16.55,
          15.85,
          14.7,
          14.4,
          14.5,
          16,
          15.05,
          14.35,
          14.4,
          13.95
        ]
      },
      "market_snapshot": {
        "items": [
          {
            "label": "Low rates",
            "icon": "chart",
            "status": "stable",
            "text": "Rates at year's low — excellent value for shippers"
          },
          {
            "label": "Ample space",
            "icon": "container",
            "status": "stable",
            "text": "Good availability on all South American routes"
          },
          {
            "label": "Contract window",
            "icon": "calendar",
            "status": "normal",
            "text": "Ideal time for annual contract negotiations"
          }
        ]
      }
    },
    {
      "slug": "chile",
      "rates": {
        "sea_20gp_usd": [
          1500,
          1800
        ],
        "sea_40gp_usd": [
          2350,
          2850
        ],
        "sea_lcl_usd_cbm": 129,
        "air_perkg_usd": 6.6,
        "express_perkg_usd": 10.5,
        "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": [
          10,
          16
        ]
      },
      "mom_delta": {
        "sea_40gp": -13.33,
        "sea_20gp": -13.16,
        "air": -2.94,
        "express": -3.67,
        "rail_40gp": null
      },
      "series_12mo": {
        "sea_40gp_usd": [
          4400,
          4600,
          4825,
          4225,
          3225,
          3000,
          3100,
          4200,
          3550,
          2950,
          3000,
          2600
        ],
        "air_perkg_usd": [
          7.6,
          7.7,
          7.85,
          7.5,
          6.95,
          6.8,
          6.85,
          7.55,
          7.1,
          6.75,
          6.8,
          6.6
        ],
        "express_perkg_usd": [
          12.15,
          12.3,
          12.5,
          12,
          11.1,
          10.9,
          10.95,
          12.1,
          11.35,
          10.85,
          10.9,
          10.5
        ]
      },
      "market_snapshot": {
        "items": [
          {
            "label": "Low rates",
            "icon": "chart",
            "status": "stable",
            "text": "Rates at year's low — excellent value for shippers"
          },
          {
            "label": "Ample space",
            "icon": "container",
            "status": "stable",
            "text": "Good availability on all South American routes"
          },
          {
            "label": "Contract window",
            "icon": "calendar",
            "status": "normal",
            "text": "Ideal time for annual contract negotiations"
          }
        ]
      }
    },
    {
      "slug": "colombia",
      "rates": {
        "sea_20gp_usd": [
          1500,
          1800
        ],
        "sea_40gp_usd": [
          2350,
          2850
        ],
        "sea_lcl_usd_cbm": 129,
        "air_perkg_usd": 8.7,
        "express_perkg_usd": 13.95,
        "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": -13.33,
        "sea_20gp": -13.16,
        "air": -3.33,
        "express": -3.13,
        "rail_40gp": null
      },
      "series_12mo": {
        "sea_40gp_usd": [
          4400,
          4600,
          4825,
          4225,
          3225,
          3000,
          3100,
          4200,
          3550,
          2950,
          3000,
          2600
        ],
        "air_perkg_usd": [
          10.05,
          10.2,
          10.35,
          9.9,
          9.15,
          9,
          9.05,
          10,
          9.4,
          8.95,
          9,
          8.7
        ],
        "express_perkg_usd": [
          16.1,
          16.3,
          16.55,
          15.85,
          14.7,
          14.4,
          14.5,
          16,
          15.05,
          14.35,
          14.4,
          13.95
        ]
      },
      "market_snapshot": {
        "items": [
          {
            "label": "Low rates",
            "icon": "chart",
            "status": "stable",
            "text": "Rates at year's low — excellent value for shippers"
          },
          {
            "label": "Ample space",
            "icon": "container",
            "status": "stable",
            "text": "Good availability on all South American routes"
          },
          {
            "label": "Contract window",
            "icon": "calendar",
            "status": "normal",
            "text": "Ideal time for annual contract negotiations"
          }
        ]
      }
    },
    {
      "slug": "costa-rica",
      "rates": {
        "sea_20gp_usd": [
          1450,
          1800
        ],
        "sea_40gp_usd": [
          2300,
          2850
        ],
        "sea_lcl_usd_cbm": 128,
        "air_perkg_usd": 9.15,
        "express_perkg_usd": 14.65,
        "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": -12.71,
        "sea_20gp": -12.16,
        "air": -3.17,
        "express": -3.3,
        "rail_40gp": null
      },
      "series_12mo": {
        "sea_40gp_usd": [
          5675,
          5650,
          6325,
          5700,
          3700,
          3275,
          3225,
          4350,
          4050,
          2625,
          2950,
          2575
        ],
        "air_perkg_usd": [
          11.6,
          11.6,
          12.1,
          11.65,
          9.5,
          9.7,
          9.7,
          12,
          10.35,
          9.1,
          9.45,
          9.15
        ],
        "express_perkg_usd": [
          18.6,
          18.55,
          19.4,
          18.6,
          15.25,
          15.55,
          15.5,
          19.2,
          16.55,
          14.55,
          15.15,
          14.65
        ]
      },
      "market_snapshot": {
        "items": [
          {
            "label": "Post-rush",
            "icon": "chart",
            "status": "stable",
            "text": "Tariff rush over — rates falling sharply on transpacific"
          },
          {
            "label": "Overcapacity",
            "icon": "container",
            "status": "stable",
            "text": "Record fleet capacity — carriers slashing rates"
          },
          {
            "label": "Buyer's market",
            "icon": "info",
            "status": "stable",
            "text": "Negotiate aggressively — rates at multi-year lows"
          },
          {
            "label": "Contract renewal",
            "icon": "calendar",
            "status": "normal",
            "text": "Good time to lock in annual contract rates"
          }
        ]
      }
    },
    {
      "slug": "cuba",
      "rates": {
        "sea_20gp_usd": [
          3700,
          4500
        ],
        "sea_40gp_usd": [
          5900,
          7200
        ],
        "sea_lcl_usd_cbm": 303,
        "air_perkg_usd": 9.65,
        "express_perkg_usd": 15.45,
        "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": -12.08,
        "sea_20gp": -12.3,
        "air": -3.02,
        "express": -3.13,
        "rail_40gp": null
      },
      "series_12mo": {
        "sea_40gp_usd": [
          14375,
          14300,
          16000,
          14450,
          9400,
          8325,
          8200,
          11075,
          10300,
          6700,
          7450,
          6550
        ],
        "air_perkg_usd": [
          12.2,
          12.2,
          12.75,
          12.25,
          10,
          10.25,
          10.2,
          12.65,
          10.9,
          9.6,
          9.95,
          9.65
        ],
        "express_perkg_usd": [
          19.55,
          19.55,
          20.4,
          19.6,
          16.05,
          16.35,
          16.3,
          20.25,
          17.4,
          15.35,
          15.95,
          15.45
        ]
      },
      "market_snapshot": {
        "items": [
          {
            "label": "Post-rush",
            "icon": "chart",
            "status": "stable",
            "text": "Tariff rush over — rates falling sharply on transpacific"
          },
          {
            "label": "Overcapacity",
            "icon": "container",
            "status": "stable",
            "text": "Record fleet capacity — carriers slashing rates"
          },
          {
            "label": "Buyer's market",
            "icon": "info",
            "status": "stable",
            "text": "Negotiate aggressively — rates at multi-year lows"
          },
          {
            "label": "Contract renewal",
            "icon": "calendar",
            "status": "normal",
            "text": "Good time to lock in annual contract rates"
          }
        ]
      }
    },
    {
      "slug": "dominican-republic",
      "rates": {
        "sea_20gp_usd": [
          3700,
          4500
        ],
        "sea_40gp_usd": [
          5900,
          7200
        ],
        "sea_lcl_usd_cbm": 303,
        "air_perkg_usd": 9.65,
        "express_perkg_usd": 15.45,
        "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": -12.08,
        "sea_20gp": -12.3,
        "air": -3.02,
        "express": -3.13,
        "rail_40gp": null
      },
      "series_12mo": {
        "sea_40gp_usd": [
          14375,
          14300,
          16000,
          14450,
          9400,
          8325,
          8200,
          11075,
          10300,
          6700,
          7450,
          6550
        ],
        "air_perkg_usd": [
          12.2,
          12.2,
          12.75,
          12.25,
          10,
          10.25,
          10.2,
          12.65,
          10.9,
          9.6,
          9.95,
          9.65
        ],
        "express_perkg_usd": [
          19.55,
          19.55,
          20.4,
          19.6,
          16.05,
          16.35,
          16.3,
          20.25,
          17.4,
          15.35,
          15.95,
          15.45
        ]
      },
      "market_snapshot": {
        "items": [
          {
            "label": "Post-rush",
            "icon": "chart",
            "status": "stable",
            "text": "Tariff rush over — rates falling sharply on transpacific"
          },
          {
            "label": "Overcapacity",
            "icon": "container",
            "status": "stable",
            "text": "Record fleet capacity — carriers slashing rates"
          },
          {
            "label": "Buyer's market",
            "icon": "info",
            "status": "stable",
            "text": "Negotiate aggressively — rates at multi-year lows"
          },
          {
            "label": "Contract renewal",
            "icon": "calendar",
            "status": "normal",
            "text": "Good time to lock in annual contract rates"
          }
        ]
      }
    },
    {
      "slug": "ecuador",
      "rates": {
        "sea_20gp_usd": [
          1500,
          1800
        ],
        "sea_40gp_usd": [
          2350,
          2850
        ],
        "sea_lcl_usd_cbm": 129,
        "air_perkg_usd": 8.7,
        "express_perkg_usd": 13.95,
        "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": [
          9,
          18
        ]
      },
      "mom_delta": {
        "sea_40gp": -13.33,
        "sea_20gp": -13.16,
        "air": -3.33,
        "express": -3.13,
        "rail_40gp": null
      },
      "series_12mo": {
        "sea_40gp_usd": [
          4400,
          4600,
          4825,
          4225,
          3225,
          3000,
          3100,
          4200,
          3550,
          2950,
          3000,
          2600
        ],
        "air_perkg_usd": [
          10.05,
          10.2,
          10.35,
          9.9,
          9.15,
          9,
          9.05,
          10,
          9.4,
          8.95,
          9,
          8.7
        ],
        "express_perkg_usd": [
          16.1,
          16.3,
          16.55,
          15.85,
          14.7,
          14.4,
          14.5,
          16,
          15.05,
          14.35,
          14.4,
          13.95
        ]
      },
      "market_snapshot": {
        "items": [
          {
            "label": "Low rates",
            "icon": "chart",
            "status": "stable",
            "text": "Rates at year's low — excellent value for shippers"
          },
          {
            "label": "Ample space",
            "icon": "container",
            "status": "stable",
            "text": "Good availability on all South American routes"
          },
          {
            "label": "Contract window",
            "icon": "calendar",
            "status": "normal",
            "text": "Ideal time for annual contract negotiations"
          }
        ]
      }
    },
    {
      "slug": "el-salvador",
      "rates": {
        "sea_20gp_usd": [
          1450,
          1800
        ],
        "sea_40gp_usd": [
          2300,
          2850
        ],
        "sea_lcl_usd_cbm": 128,
        "air_perkg_usd": 9.15,
        "express_perkg_usd": 14.65,
        "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": -12.71,
        "sea_20gp": -12.16,
        "air": -3.17,
        "express": -3.3,
        "rail_40gp": null
      },
      "series_12mo": {
        "sea_40gp_usd": [
          5675,
          5650,
          6325,
          5700,
          3700,
          3275,
          3225,
          4350,
          4050,
          2625,
          2950,
          2575
        ],
        "air_perkg_usd": [
          11.6,
          11.6,
          12.1,
          11.65,
          9.5,
          9.7,
          9.7,
          12,
          10.35,
          9.1,
          9.45,
          9.15
        ],
        "express_perkg_usd": [
          18.6,
          18.55,
          19.4,
          18.6,
          15.25,
          15.55,
          15.5,
          19.2,
          16.55,
          14.55,
          15.15,
          14.65
        ]
      },
      "market_snapshot": {
        "items": [
          {
            "label": "Post-rush",
            "icon": "chart",
            "status": "stable",
            "text": "Tariff rush over — rates falling sharply on transpacific"
          },
          {
            "label": "Overcapacity",
            "icon": "container",
            "status": "stable",
            "text": "Record fleet capacity — carriers slashing rates"
          },
          {
            "label": "Buyer's market",
            "icon": "info",
            "status": "stable",
            "text": "Negotiate aggressively — rates at multi-year lows"
          },
          {
            "label": "Contract renewal",
            "icon": "calendar",
            "status": "normal",
            "text": "Good time to lock in annual contract rates"
          }
        ]
      }
    },
    {
      "slug": "guatemala",
      "rates": {
        "sea_20gp_usd": [
          1450,
          1800
        ],
        "sea_40gp_usd": [
          2300,
          2850
        ],
        "sea_lcl_usd_cbm": 128,
        "air_perkg_usd": 9.15,
        "express_perkg_usd": 14.65,
        "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": -12.71,
        "sea_20gp": -12.16,
        "air": -3.17,
        "express": -3.3,
        "rail_40gp": null
      },
      "series_12mo": {
        "sea_40gp_usd": [
          5675,
          5650,
          6325,
          5700,
          3700,
          3275,
          3225,
          4350,
          4050,
          2625,
          2950,
          2575
        ],
        "air_perkg_usd": [
          11.6,
          11.6,
          12.1,
          11.65,
          9.5,
          9.7,
          9.7,
          12,
          10.35,
          9.1,
          9.45,
          9.15
        ],
        "express_perkg_usd": [
          18.6,
          18.55,
          19.4,
          18.6,
          15.25,
          15.55,
          15.5,
          19.2,
          16.55,
          14.55,
          15.15,
          14.65
        ]
      },
      "market_snapshot": {
        "items": [
          {
            "label": "Post-rush",
            "icon": "chart",
            "status": "stable",
            "text": "Tariff rush over — rates falling sharply on transpacific"
          },
          {
            "label": "Overcapacity",
            "icon": "container",
            "status": "stable",
            "text": "Record fleet capacity — carriers slashing rates"
          },
          {
            "label": "Buyer's market",
            "icon": "info",
            "status": "stable",
            "text": "Negotiate aggressively — rates at multi-year lows"
          },
          {
            "label": "Contract renewal",
            "icon": "calendar",
            "status": "normal",
            "text": "Good time to lock in annual contract rates"
          }
        ]
      }
    },
    {
      "slug": "guyana",
      "rates": {
        "sea_20gp_usd": [
          1300,
          1650
        ],
        "sea_40gp_usd": [
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          2600
        ],
        "sea_lcl_usd_cbm": 110,
        "air_perkg_usd": 9.1,
        "express_perkg_usd": 14.55,
        "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": -12.84,
        "sea_20gp": -14.49,
        "air": -3.19,
        "express": -3.32,
        "rail_40gp": null
      },
      "series_12mo": {
        "sea_40gp_usd": [
          4000,
          4175,
          4375,
          3825,
          2950,
          2775,
          2825,
          3825,
          3225,
          2675,
          2725,
          2375
        ],
        "air_perkg_usd": [
          10.5,
          10.65,
          10.8,
          10.35,
          9.6,
          9.4,
          9.5,
          10.45,
          9.8,
          9.35,
          9.4,
          9.1
        ],
        "express_perkg_usd": [
          16.8,
          17.05,
          17.3,
          16.55,
          15.35,
          15.05,
          15.15,
          16.7,
          15.7,
          15,
          15.05,
          14.55
        ]
      },
      "market_snapshot": {
        "items": [
          {
            "label": "Low rates",
            "icon": "chart",
            "status": "stable",
            "text": "Rates at year's low — excellent value for shippers"
          },
          {
            "label": "Ample space",
            "icon": "container",
            "status": "stable",
            "text": "Good availability on all South American routes"
          },
          {
            "label": "Contract window",
            "icon": "calendar",
            "status": "normal",
            "text": "Ideal time for annual contract negotiations"
          }
        ]
      }
    },
    {
      "slug": "haiti",
      "rates": {
        "sea_20gp_usd": [
          3700,
          4500
        ],
        "sea_40gp_usd": [
          5900,
          7200
        ],
        "sea_lcl_usd_cbm": 303,
        "air_perkg_usd": 9.65,
        "express_perkg_usd": 15.45,
        "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": -12.08,
        "sea_20gp": -12.3,
        "air": -3.02,
        "express": -3.13,
        "rail_40gp": null
      },
      "series_12mo": {
        "sea_40gp_usd": [
          14375,
          14300,
          16000,
          14450,
          9400,
          8325,
          8200,
          11075,
          10300,
          6700,
          7450,
          6550
        ],
        "air_perkg_usd": [
          12.2,
          12.2,
          12.75,
          12.25,
          10,
          10.25,
          10.2,
          12.65,
          10.9,
          9.6,
          9.95,
          9.65
        ],
        "express_perkg_usd": [
          19.55,
          19.55,
          20.4,
          19.6,
          16.05,
          16.35,
          16.3,
          20.25,
          17.4,
          15.35,
          15.95,
          15.45
        ]
      },
      "market_snapshot": {
        "items": [
          {
            "label": "Post-rush",
            "icon": "chart",
            "status": "stable",
            "text": "Tariff rush over — rates falling sharply on transpacific"
          },
          {
            "label": "Overcapacity",
            "icon": "container",
            "status": "stable",
            "text": "Record fleet capacity — carriers slashing rates"
          },
          {
            "label": "Buyer's market",
            "icon": "info",
            "status": "stable",
            "text": "Negotiate aggressively — rates at multi-year lows"
          },
          {
            "label": "Contract renewal",
            "icon": "calendar",
            "status": "normal",
            "text": "Good time to lock in annual contract rates"
          }
        ]
      }
    },
    {
      "slug": "honduras",
      "rates": {
        "sea_20gp_usd": [
          1450,
          1800
        ],
        "sea_40gp_usd": [
          2300,
          2850
        ],
        "sea_lcl_usd_cbm": 128,
        "air_perkg_usd": 9.15,
        "express_perkg_usd": 14.65,
        "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": -12.71,
        "sea_20gp": -12.16,
        "air": -3.17,
        "express": -3.3,
        "rail_40gp": null
      },
      "series_12mo": {
        "sea_40gp_usd": [
          5675,
          5650,
          6325,
          5700,
          3700,
          3275,
          3225,
          4350,
          4050,
          2625,
          2950,
          2575
        ],
        "air_perkg_usd": [
          11.6,
          11.6,
          12.1,
          11.65,
          9.5,
          9.7,
          9.7,
          12,
          10.35,
          9.1,
          9.45,
          9.15
        ],
        "express_perkg_usd": [
          18.6,
          18.55,
          19.4,
          18.6,
          15.25,
          15.55,
          15.5,
          19.2,
          16.55,
          14.55,
          15.15,
          14.65
        ]
      },
      "market_snapshot": {
        "items": [
          {
            "label": "Post-rush",
            "icon": "chart",
            "status": "stable",
            "text": "Tariff rush over — rates falling sharply on transpacific"
          },
          {
            "label": "Overcapacity",
            "icon": "container",
            "status": "stable",
            "text": "Record fleet capacity — carriers slashing rates"
          },
          {
            "label": "Buyer's market",
            "icon": "info",
            "status": "stable",
            "text": "Negotiate aggressively — rates at multi-year lows"
          },
          {
            "label": "Contract renewal",
            "icon": "calendar",
            "status": "normal",
            "text": "Good time to lock in annual contract rates"
          }
        ]
      }
    },
    {
      "slug": "jamaica",
      "rates": {
        "sea_20gp_usd": [
          3700,
          4500
        ],
        "sea_40gp_usd": [
          5900,
          7200
        ],
        "sea_lcl_usd_cbm": 303,
        "air_perkg_usd": 9.65,
        "express_perkg_usd": 15.45,
        "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": -12.08,
        "sea_20gp": -12.3,
        "air": -3.02,
        "express": -3.13,
        "rail_40gp": null
      },
      "series_12mo": {
        "sea_40gp_usd": [
          14375,
          14300,
          16000,
          14450,
          9400,
          8325,
          8200,
          11075,
          10300,
          6700,
          7450,
          6550
        ],
        "air_perkg_usd": [
          12.2,
          12.2,
          12.75,
          12.25,
          10,
          10.25,
          10.2,
          12.65,
          10.9,
          9.6,
          9.95,
          9.65
        ],
        "express_perkg_usd": [
          19.55,
          19.55,
          20.4,
          19.6,
          16.05,
          16.35,
          16.3,
          20.25,
          17.4,
          15.35,
          15.95,
          15.45
        ]
      },
      "market_snapshot": {
        "items": [
          {
            "label": "Post-rush",
            "icon": "chart",
            "status": "stable",
            "text": "Tariff rush over — rates falling sharply on transpacific"
          },
          {
            "label": "Overcapacity",
            "icon": "container",
            "status": "stable",
            "text": "Record fleet capacity — carriers slashing rates"
          },
          {
            "label": "Buyer's market",
            "icon": "info",
            "status": "stable",
            "text": "Negotiate aggressively — rates at multi-year lows"
          },
          {
            "label": "Contract renewal",
            "icon": "calendar",
            "status": "normal",
            "text": "Good time to lock in annual contract rates"
          }
        ]
      }
    },
    {
      "slug": "mexico",
      "rates": {
        "sea_20gp_usd": [
          1450,
          1800
        ],
        "sea_40gp_usd": [
          2300,
          2850
        ],
        "sea_lcl_usd_cbm": 128,
        "air_perkg_usd": 9.15,
        "express_perkg_usd": 14.65,
        "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": -12.71,
        "sea_20gp": -12.16,
        "air": -3.17,
        "express": -3.3,
        "rail_40gp": null
      },
      "series_12mo": {
        "sea_40gp_usd": [
          5675,
          5650,
          6325,
          5700,
          3700,
          3275,
          3225,
          4350,
          4050,
          2625,
          2950,
          2575
        ],
        "air_perkg_usd": [
          11.6,
          11.6,
          12.1,
          11.65,
          9.5,
          9.7,
          9.7,
          12,
          10.35,
          9.1,
          9.45,
          9.15
        ],
        "express_perkg_usd": [
          18.6,
          18.55,
          19.4,
          18.6,
          15.25,
          15.55,
          15.5,
          19.2,
          16.55,
          14.55,
          15.15,
          14.65
        ]
      },
      "market_snapshot": {
        "items": [
          {
            "label": "Post-rush",
            "icon": "chart",
            "status": "stable",
            "text": "Tariff rush over — rates falling sharply on transpacific"
          },
          {
            "label": "Overcapacity",
            "icon": "container",
            "status": "stable",
            "text": "Record fleet capacity — carriers slashing rates"
          },
          {
            "label": "Buyer's market",
            "icon": "info",
            "status": "stable",
            "text": "Negotiate aggressively — rates at multi-year lows"
          },
          {
            "label": "Contract renewal",
            "icon": "calendar",
            "status": "normal",
            "text": "Good time to lock in annual contract rates"
          }
        ]
      }
    },
    {
      "slug": "nicaragua",
      "rates": {
        "sea_20gp_usd": [
          1450,
          1800
        ],
        "sea_40gp_usd": [
          2300,
          2850
        ],
        "sea_lcl_usd_cbm": 128,
        "air_perkg_usd": 9.15,
        "express_perkg_usd": 14.65,
        "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": -12.71,
        "sea_20gp": -12.16,
        "air": -3.17,
        "express": -3.3,
        "rail_40gp": null
      },
      "series_12mo": {
        "sea_40gp_usd": [
          5675,
          5650,
          6325,
          5700,
          3700,
          3275,
          3225,
          4350,
          4050,
          2625,
          2950,
          2575
        ],
        "air_perkg_usd": [
          11.6,
          11.6,
          12.1,
          11.65,
          9.5,
          9.7,
          9.7,
          12,
          10.35,
          9.1,
          9.45,
          9.15
        ],
        "express_perkg_usd": [
          18.6,
          18.55,
          19.4,
          18.6,
          15.25,
          15.55,
          15.5,
          19.2,
          16.55,
          14.55,
          15.15,
          14.65
        ]
      },
      "market_snapshot": {
        "items": [
          {
            "label": "Post-rush",
            "icon": "chart",
            "status": "stable",
            "text": "Tariff rush over — rates falling sharply on transpacific"
          },
          {
            "label": "Overcapacity",
            "icon": "container",
            "status": "stable",
            "text": "Record fleet capacity — carriers slashing rates"
          },
          {
            "label": "Buyer's market",
            "icon": "info",
            "status": "stable",
            "text": "Negotiate aggressively — rates at multi-year lows"
          },
          {
            "label": "Contract renewal",
            "icon": "calendar",
            "status": "normal",
            "text": "Good time to lock in annual contract rates"
          }
        ]
      }
    },
    {
      "slug": "panama",
      "rates": {
        "sea_20gp_usd": [
          1450,
          1800
        ],
        "sea_40gp_usd": [
          2300,
          2850
        ],
        "sea_lcl_usd_cbm": 128,
        "air_perkg_usd": 9.15,
        "express_perkg_usd": 14.65,
        "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": -12.71,
        "sea_20gp": -12.16,
        "air": -3.17,
        "express": -3.3,
        "rail_40gp": null
      },
      "series_12mo": {
        "sea_40gp_usd": [
          5675,
          5650,
          6325,
          5700,
          3700,
          3275,
          3225,
          4350,
          4050,
          2625,
          2950,
          2575
        ],
        "air_perkg_usd": [
          11.6,
          11.6,
          12.1,
          11.65,
          9.5,
          9.7,
          9.7,
          12,
          10.35,
          9.1,
          9.45,
          9.15
        ],
        "express_perkg_usd": [
          18.6,
          18.55,
          19.4,
          18.6,
          15.25,
          15.55,
          15.5,
          19.2,
          16.55,
          14.55,
          15.15,
          14.65
        ]
      },
      "market_snapshot": {
        "items": [
          {
            "label": "Post-rush",
            "icon": "chart",
            "status": "stable",
            "text": "Tariff rush over — rates falling sharply on transpacific"
          },
          {
            "label": "Overcapacity",
            "icon": "container",
            "status": "stable",
            "text": "Record fleet capacity — carriers slashing rates"
          },
          {
            "label": "Buyer's market",
            "icon": "info",
            "status": "stable",
            "text": "Negotiate aggressively — rates at multi-year lows"
          },
          {
            "label": "Contract renewal",
            "icon": "calendar",
            "status": "normal",
            "text": "Good time to lock in annual contract rates"
          }
        ]
      }
    },
    {
      "slug": "paraguay",
      "rates": {
        "sea_20gp_usd": [
          1300,
          1650
        ],
        "sea_40gp_usd": [
          2150,
          2600
        ],
        "sea_lcl_usd_cbm": 110,
        "air_perkg_usd": 9.1,
        "express_perkg_usd": 14.55,
        "rail_20gp_usd": null,
        "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": -12.84,
        "sea_20gp": -14.49,
        "air": -3.19,
        "express": -3.32,
        "rail_40gp": null
      },
      "series_12mo": {
        "sea_40gp_usd": [
          4000,
          4175,
          4375,
          3825,
          2950,
          2775,
          2825,
          3825,
          3225,
          2675,
          2725,
          2375
        ],
        "air_perkg_usd": [
          10.5,
          10.65,
          10.8,
          10.35,
          9.6,
          9.4,
          9.5,
          10.45,
          9.8,
          9.35,
          9.4,
          9.1
        ],
        "express_perkg_usd": [
          16.8,
          17.05,
          17.3,
          16.55,
          15.35,
          15.05,
          15.15,
          16.7,
          15.7,
          15,
          15.05,
          14.55
        ]
      },
      "market_snapshot": {
        "items": [
          {
            "label": "Low rates",
            "icon": "chart",
            "status": "stable",
            "text": "Rates at year's low — excellent value for shippers"
          },
          {
            "label": "Ample space",
            "icon": "container",
            "status": "stable",
            "text": "Good availability on all South American routes"
          },
          {
            "label": "Contract window",
            "icon": "calendar",
            "status": "normal",
            "text": "Ideal time for annual contract negotiations"
          }
        ]
      }
    },
    {
      "slug": "peru",
      "rates": {
        "sea_20gp_usd": [
          1300,
          1650
        ],
        "sea_40gp_usd": [
          2150,
          2600
        ],
        "sea_lcl_usd_cbm": 110,
        "air_perkg_usd": 9.1,
        "express_perkg_usd": 14.55,
        "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": -12.84,
        "sea_20gp": -14.49,
        "air": -3.19,
        "express": -3.32,
        "rail_40gp": null
      },
      "series_12mo": {
        "sea_40gp_usd": [
          4000,
          4175,
          4375,
          3825,
          2950,
          2775,
          2825,
          3825,
          3225,
          2675,
          2725,
          2375
        ],
        "air_perkg_usd": [
          10.5,
          10.65,
          10.8,
          10.35,
          9.6,
          9.4,
          9.5,
          10.45,
          9.8,
          9.35,
          9.4,
          9.1
        ],
        "express_perkg_usd": [
          16.8,
          17.05,
          17.3,
          16.55,
          15.35,
          15.05,
          15.15,
          16.7,
          15.7,
          15,
          15.05,
          14.55
        ]
      },
      "market_snapshot": {
        "items": [
          {
            "label": "Low rates",
            "icon": "chart",
            "status": "stable",
            "text": "Rates at year's low — excellent value for shippers"
          },
          {
            "label": "Ample space",
            "icon": "container",
            "status": "stable",
            "text": "Good availability on all South American routes"
          },
          {
            "label": "Contract window",
            "icon": "calendar",
            "status": "normal",
            "text": "Ideal time for annual contract negotiations"
          }
        ]
      }
    },
    {
      "slug": "portugal",
      "rates": {
        "sea_20gp_usd": [
          2000,
          2400
        ],
        "sea_40gp_usd": [
          3150,
          3850
        ],
        "sea_lcl_usd_cbm": 45,
        "air_perkg_usd": 7.25,
        "express_perkg_usd": 11.55,
        "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": -25.13,
        "sea_20gp": -24.79,
        "air": -8.23,
        "express": -8.7,
        "rail_40gp": null
      },
      "series_12mo": {
        "sea_40gp_usd": [
          7050,
          8275,
          8550,
          6825,
          5500,
          4375,
          4725,
          6375,
          6050,
          4875,
          4675,
          3500
        ],
        "air_perkg_usd": [
          9.3,
          10,
          10.15,
          9.15,
          8.4,
          7.75,
          7.95,
          9,
          8.7,
          8,
          7.9,
          7.25
        ],
        "express_perkg_usd": [
          14.9,
          16,
          16.25,
          14.65,
          13.4,
          12.4,
          12.7,
          14.45,
          13.95,
          12.85,
          12.65,
          11.55
        ]
      },
      "market_snapshot": {
        "items": [
          {
            "label": "Rates dropping",
            "icon": "chart",
            "status": "stable",
            "text": "Overcapacity and soft demand driving rates to 2025 lows"
          },
          {
            "label": "Red Sea return?",
            "icon": "info",
            "status": "normal",
            "text": "Discussions of return to Suez — could ease transit times"
          },
          {
            "label": "Negotiate now",
            "icon": "info",
            "status": "stable",
            "text": "Best rates in 18+ months — lock in long-term contracts"
          },
          {
            "label": "Blank sailings",
            "icon": "calendar",
            "status": "normal",
            "text": "Carriers cancelling sailings to support rates — some schedule changes"
          }
        ]
      }
    },
    {
      "slug": "spain",
      "rates": {
        "sea_20gp_usd": [
          2500,
          3100
        ],
        "sea_40gp_usd": [
          3800,
          4650
        ],
        "sea_lcl_usd_cbm": 118,
        "air_perkg_usd": 7.6,
        "express_perkg_usd": 12.2,
        "rail_20gp_usd": [
          4400,
          5400
        ],
        "rail_40gp_usd": [
          6400,
          7800
        ],
        "rail_lcl_usd_cbm": 222
      },
      "transit_days": {
        "sea": [
          25,
          31
        ],
        "air": [
          5,
          7
        ],
        "rail": [
          13,
          18
        ],
        "express": [
          5,
          8
        ],
        "lcl": [
          26,
          35
        ]
      },
      "mom_delta": {
        "sea_40gp": -24.55,
        "sea_20gp": -24.83,
        "air": -8.43,
        "express": -8.27,
        "rail_40gp": -1.73
      },
      "series_12mo": {
        "sea_40gp_usd": [
          8500,
          9950,
          10275,
          8175,
          6600,
          5275,
          5675,
          7675,
          7275,
          5850,
          5600,
          4225
        ],
        "air_perkg_usd": [
          9.8,
          10.55,
          10.7,
          9.65,
          8.8,
          8.15,
          8.35,
          9.5,
          9.15,
          8.45,
          8.3,
          7.6
        ],
        "express_perkg_usd": [
          15.65,
          16.85,
          17.15,
          15.4,
          14.1,
          13.05,
          13.35,
          15.2,
          14.65,
          13.5,
          13.3,
          12.2
        ]
      },
      "market_snapshot": {
        "items": [
          {
            "label": "Rates dropping",
            "icon": "chart",
            "status": "stable",
            "text": "Overcapacity and soft demand driving rates to 2025 lows"
          },
          {
            "label": "Red Sea return?",
            "icon": "info",
            "status": "normal",
            "text": "Discussions of return to Suez — could ease transit times"
          },
          {
            "label": "Negotiate now",
            "icon": "info",
            "status": "stable",
            "text": "Best rates in 18+ months — lock in long-term contracts"
          },
          {
            "label": "Blank sailings",
            "icon": "calendar",
            "status": "normal",
            "text": "Carriers cancelling sailings to support rates — some schedule changes"
          }
        ]
      }
    },
    {
      "slug": "suriname",
      "rates": {
        "sea_20gp_usd": [
          1300,
          1650
        ],
        "sea_40gp_usd": [
          2150,
          2600
        ],
        "sea_lcl_usd_cbm": 110,
        "air_perkg_usd": 9.1,
        "express_perkg_usd": 14.55,
        "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": -12.84,
        "sea_20gp": -14.49,
        "air": -3.19,
        "express": -3.32,
        "rail_40gp": null
      },
      "series_12mo": {
        "sea_40gp_usd": [
          4000,
          4175,
          4375,
          3825,
          2950,
          2775,
          2825,
          3825,
          3225,
          2675,
          2725,
          2375
        ],
        "air_perkg_usd": [
          10.5,
          10.65,
          10.8,
          10.35,
          9.6,
          9.4,
          9.5,
          10.45,
          9.8,
          9.35,
          9.4,
          9.1
        ],
        "express_perkg_usd": [
          16.8,
          17.05,
          17.3,
          16.55,
          15.35,
          15.05,
          15.15,
          16.7,
          15.7,
          15,
          15.05,
          14.55
        ]
      },
      "market_snapshot": {
        "items": [
          {
            "label": "Low rates",
            "icon": "chart",
            "status": "stable",
            "text": "Rates at year's low — excellent value for shippers"
          },
          {
            "label": "Ample space",
            "icon": "container",
            "status": "stable",
            "text": "Good availability on all South American routes"
          },
          {
            "label": "Contract window",
            "icon": "calendar",
            "status": "normal",
            "text": "Ideal time for annual contract negotiations"
          }
        ]
      }
    },
    {
      "slug": "trinidad-and-tobago",
      "rates": {
        "sea_20gp_usd": [
          3700,
          4500
        ],
        "sea_40gp_usd": [
          5900,
          7200
        ],
        "sea_lcl_usd_cbm": 303,
        "air_perkg_usd": 9.65,
        "express_perkg_usd": 15.45,
        "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": -12.08,
        "sea_20gp": -12.3,
        "air": -3.02,
        "express": -3.13,
        "rail_40gp": null
      },
      "series_12mo": {
        "sea_40gp_usd": [
          14375,
          14300,
          16000,
          14450,
          9400,
          8325,
          8200,
          11075,
          10300,
          6700,
          7450,
          6550
        ],
        "air_perkg_usd": [
          12.2,
          12.2,
          12.75,
          12.25,
          10,
          10.25,
          10.2,
          12.65,
          10.9,
          9.6,
          9.95,
          9.65
        ],
        "express_perkg_usd": [
          19.55,
          19.55,
          20.4,
          19.6,
          16.05,
          16.35,
          16.3,
          20.25,
          17.4,
          15.35,
          15.95,
          15.45
        ]
      },
      "market_snapshot": {
        "items": [
          {
            "label": "Post-rush",
            "icon": "chart",
            "status": "stable",
            "text": "Tariff rush over — rates falling sharply on transpacific"
          },
          {
            "label": "Overcapacity",
            "icon": "container",
            "status": "stable",
            "text": "Record fleet capacity — carriers slashing rates"
          },
          {
            "label": "Buyer's market",
            "icon": "info",
            "status": "stable",
            "text": "Negotiate aggressively — rates at multi-year lows"
          },
          {
            "label": "Contract renewal",
            "icon": "calendar",
            "status": "normal",
            "text": "Good time to lock in annual contract rates"
          }
        ]
      }
    },
    {
      "slug": "uruguay",
      "rates": {
        "sea_20gp_usd": [
          1200,
          1500
        ],
        "sea_40gp_usd": [
          1950,
          2400
        ],
        "sea_lcl_usd_cbm": 106,
        "air_perkg_usd": 10.65,
        "express_perkg_usd": 17,
        "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": -13,
        "sea_20gp": -14.29,
        "air": -3.18,
        "express": -3.41,
        "rail_40gp": null
      },
      "series_12mo": {
        "sea_40gp_usd": [
          3675,
          3825,
          4000,
          3500,
          2675,
          2500,
          2575,
          3475,
          2950,
          2450,
          2500,
          2175
        ],
        "air_perkg_usd": [
          12.3,
          12.45,
          12.65,
          12.1,
          11.2,
          11,
          11.1,
          12.25,
          11.5,
          10.95,
          11,
          10.65
        ],
        "express_perkg_usd": [
          19.65,
          19.95,
          20.25,
          19.4,
          17.95,
          17.65,
          17.75,
          19.55,
          18.4,
          17.55,
          17.6,
          17
        ]
      },
      "market_snapshot": {
        "items": [
          {
            "label": "Low rates",
            "icon": "chart",
            "status": "stable",
            "text": "Rates at year's low — excellent value for shippers"
          },
          {
            "label": "Ample space",
            "icon": "container",
            "status": "stable",
            "text": "Good availability on all South American routes"
          },
          {
            "label": "Contract window",
            "icon": "calendar",
            "status": "normal",
            "text": "Ideal time for annual contract negotiations"
          }
        ]
      }
    },
    {
      "slug": "venezuela",
      "rates": {
        "sea_20gp_usd": [
          1300,
          1650
        ],
        "sea_40gp_usd": [
          2150,
          2600
        ],
        "sea_lcl_usd_cbm": 110,
        "air_perkg_usd": 9.1,
        "express_perkg_usd": 14.55,
        "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": -12.84,
        "sea_20gp": -14.49,
        "air": -3.19,
        "express": -3.32,
        "rail_40gp": null
      },
      "series_12mo": {
        "sea_40gp_usd": [
          4000,
          4175,
          4375,
          3825,
          2950,
          2775,
          2825,
          3825,
          3225,
          2675,
          2725,
          2375
        ],
        "air_perkg_usd": [
          10.5,
          10.65,
          10.8,
          10.35,
          9.6,
          9.4,
          9.5,
          10.45,
          9.8,
          9.35,
          9.4,
          9.1
        ],
        "express_perkg_usd": [
          16.8,
          17.05,
          17.3,
          16.55,
          15.35,
          15.05,
          15.15,
          16.7,
          15.7,
          15,
          15.05,
          14.55
        ]
      },
      "market_snapshot": {
        "items": [
          {
            "label": "Low rates",
            "icon": "chart",
            "status": "stable",
            "text": "Rates at year's low — excellent value for shippers"
          },
          {
            "label": "Ample space",
            "icon": "container",
            "status": "stable",
            "text": "Good availability on all South American routes"
          },
          {
            "label": "Contract window",
            "icon": "calendar",
            "status": "normal",
            "text": "Ideal time for annual contract negotiations"
          }
        ]
      }
    }
  ],
  "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": [
          1250,
          1550
        ],
        "sea_40gp_usd": [
          1950,
          2400
        ],
        "sea_lcl_usd_cbm": 73,
        "air_perkg_usd": 8.7,
        "express_perkg_usd": 13.95,
        "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": -13,
        "sea_20gp": -12.5,
        "air": -3.33,
        "express": -3.13,
        "rail_40gp": null
      },
      "series_12mo": {
        "sea_40gp_usd": [
          3675,
          3825,
          4000,
          3500,
          2675,
          2500,
          2575,
          3475,
          2950,
          2450,
          2500,
          2175
        ],
        "air_perkg_usd": [
          10.05,
          10.2,
          10.35,
          9.9,
          9.15,
          9,
          9.05,
          10,
          9.4,
          8.95,
          9,
          8.7
        ],
        "express_perkg_usd": [
          16.1,
          16.3,
          16.55,
          15.85,
          14.7,
          14.4,
          14.5,
          16,
          15.05,
          14.35,
          14.4,
          13.95
        ]
      },
      "market_snapshot": {
        "items": [
          {
            "label": "Low rates",
            "icon": "chart",
            "status": "stable",
            "text": "Rates at year's low — excellent value for shippers"
          },
          {
            "label": "Ample space",
            "icon": "container",
            "status": "stable",
            "text": "Good availability on all South American routes"
          },
          {
            "label": "Contract window",
            "icon": "calendar",
            "status": "normal",
            "text": "Ideal time for annual contract negotiations"
          }
        ]
      },
      "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": [
          1450,
          1800
        ],
        "sea_40gp_usd": [
          2300,
          2850
        ],
        "sea_lcl_usd_cbm": 128,
        "air_perkg_usd": 9.15,
        "express_perkg_usd": 14.65,
        "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": -12.71,
        "sea_20gp": -12.16,
        "air": -3.17,
        "express": -3.3,
        "rail_40gp": null
      },
      "series_12mo": {
        "sea_40gp_usd": [
          5675,
          5650,
          6325,
          5700,
          3700,
          3275,
          3225,
          4350,
          4050,
          2625,
          2950,
          2575
        ],
        "air_perkg_usd": [
          11.6,
          11.6,
          12.1,
          11.65,
          9.5,
          9.7,
          9.7,
          12,
          10.35,
          9.1,
          9.45,
          9.15
        ],
        "express_perkg_usd": [
          18.6,
          18.55,
          19.4,
          18.6,
          15.25,
          15.55,
          15.5,
          19.2,
          16.55,
          14.55,
          15.15,
          14.65
        ]
      },
      "market_snapshot": {
        "items": [
          {
            "label": "Post-rush",
            "icon": "chart",
            "status": "stable",
            "text": "Tariff rush over — rates falling sharply on transpacific"
          },
          {
            "label": "Overcapacity",
            "icon": "container",
            "status": "stable",
            "text": "Record fleet capacity — carriers slashing rates"
          },
          {
            "label": "Buyer's market",
            "icon": "info",
            "status": "stable",
            "text": "Negotiate aggressively — rates at multi-year lows"
          },
          {
            "label": "Contract renewal",
            "icon": "calendar",
            "status": "normal",
            "text": "Good time to lock in annual contract rates"
          }
        ]
      },
      "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": [
          1500,
          1800
        ],
        "sea_40gp_usd": [
          2350,
          2850
        ],
        "sea_lcl_usd_cbm": 129,
        "air_perkg_usd": 6.6,
        "express_perkg_usd": 10.5,
        "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": [
          10,
          16
        ]
      },
      "mom_delta": {
        "sea_40gp": -13.33,
        "sea_20gp": -13.16,
        "air": -2.94,
        "express": -3.67,
        "rail_40gp": null
      },
      "series_12mo": {
        "sea_40gp_usd": [
          4400,
          4600,
          4825,
          4225,
          3225,
          3000,
          3100,
          4200,
          3550,
          2950,
          3000,
          2600
        ],
        "air_perkg_usd": [
          7.6,
          7.7,
          7.85,
          7.5,
          6.95,
          6.8,
          6.85,
          7.55,
          7.1,
          6.75,
          6.8,
          6.6
        ],
        "express_perkg_usd": [
          12.15,
          12.3,
          12.5,
          12,
          11.1,
          10.9,
          10.95,
          12.1,
          11.35,
          10.85,
          10.9,
          10.5
        ]
      },
      "market_snapshot": {
        "items": [
          {
            "label": "Low rates",
            "icon": "chart",
            "status": "stable",
            "text": "Rates at year's low — excellent value for shippers"
          },
          {
            "label": "Ample space",
            "icon": "container",
            "status": "stable",
            "text": "Good availability on all South American routes"
          },
          {
            "label": "Contract window",
            "icon": "calendar",
            "status": "normal",
            "text": "Ideal time for annual contract negotiations"
          }
        ]
      },
      "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": [
          1300,
          1650
        ],
        "sea_40gp_usd": [
          2150,
          2600
        ],
        "sea_lcl_usd_cbm": 110,
        "air_perkg_usd": 9.1,
        "express_perkg_usd": 14.55,
        "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": -12.84,
        "sea_20gp": -14.49,
        "air": -3.19,
        "express": -3.32,
        "rail_40gp": null
      },
      "series_12mo": {
        "sea_40gp_usd": [
          4000,
          4175,
          4375,
          3825,
          2950,
          2775,
          2825,
          3825,
          3225,
          2675,
          2725,
          2375
        ],
        "air_perkg_usd": [
          10.5,
          10.65,
          10.8,
          10.35,
          9.6,
          9.4,
          9.5,
          10.45,
          9.8,
          9.35,
          9.4,
          9.1
        ],
        "express_perkg_usd": [
          16.8,
          17.05,
          17.3,
          16.55,
          15.35,
          15.05,
          15.15,
          16.7,
          15.7,
          15,
          15.05,
          14.55
        ]
      },
      "market_snapshot": {
        "items": [
          {
            "label": "Low rates",
            "icon": "chart",
            "status": "stable",
            "text": "Rates at year's low — excellent value for shippers"
          },
          {
            "label": "Ample space",
            "icon": "container",
            "status": "stable",
            "text": "Good availability on all South American routes"
          },
          {
            "label": "Contract window",
            "icon": "calendar",
            "status": "normal",
            "text": "Ideal time for annual contract negotiations"
          }
        ]
      },
      "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": [
          1500,
          1800
        ],
        "sea_40gp_usd": [
          2350,
          2850
        ],
        "sea_lcl_usd_cbm": 129,
        "air_perkg_usd": 8.7,
        "express_perkg_usd": 13.95,
        "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": -13.33,
        "sea_20gp": -13.16,
        "air": -3.33,
        "express": -3.13,
        "rail_40gp": null
      },
      "series_12mo": {
        "sea_40gp_usd": [
          4400,
          4600,
          4825,
          4225,
          3225,
          3000,
          3100,
          4200,
          3550,
          2950,
          3000,
          2600
        ],
        "air_perkg_usd": [
          10.05,
          10.2,
          10.35,
          9.9,
          9.15,
          9,
          9.05,
          10,
          9.4,
          8.95,
          9,
          8.7
        ],
        "express_perkg_usd": [
          16.1,
          16.3,
          16.55,
          15.85,
          14.7,
          14.4,
          14.5,
          16,
          15.05,
          14.35,
          14.4,
          13.95
        ]
      },
      "market_snapshot": {
        "items": [
          {
            "label": "Low rates",
            "icon": "chart",
            "status": "stable",
            "text": "Rates at year's low — excellent value for shippers"
          },
          {
            "label": "Ample space",
            "icon": "container",
            "status": "stable",
            "text": "Good availability on all South American routes"
          },
          {
            "label": "Contract window",
            "icon": "calendar",
            "status": "normal",
            "text": "Ideal time for annual contract negotiations"
          }
        ]
      },
      "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": [
          1500,
          1800
        ],
        "sea_40gp_usd": [
          2350,
          2850
        ],
        "sea_lcl_usd_cbm": 129,
        "air_perkg_usd": 8.7,
        "express_perkg_usd": 13.95,
        "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": [
          9,
          18
        ]
      },
      "mom_delta": {
        "sea_40gp": -13.33,
        "sea_20gp": -13.16,
        "air": -3.33,
        "express": -3.13,
        "rail_40gp": null
      },
      "series_12mo": {
        "sea_40gp_usd": [
          4400,
          4600,
          4825,
          4225,
          3225,
          3000,
          3100,
          4200,
          3550,
          2950,
          3000,
          2600
        ],
        "air_perkg_usd": [
          10.05,
          10.2,
          10.35,
          9.9,
          9.15,
          9,
          9.05,
          10,
          9.4,
          8.95,
          9,
          8.7
        ],
        "express_perkg_usd": [
          16.1,
          16.3,
          16.55,
          15.85,
          14.7,
          14.4,
          14.5,
          16,
          15.05,
          14.35,
          14.4,
          13.95
        ]
      },
      "market_snapshot": {
        "items": [
          {
            "label": "Low rates",
            "icon": "chart",
            "status": "stable",
            "text": "Rates at year's low — excellent value for shippers"
          },
          {
            "label": "Ample space",
            "icon": "container",
            "status": "stable",
            "text": "Good availability on all South American routes"
          },
          {
            "label": "Contract window",
            "icon": "calendar",
            "status": "normal",
            "text": "Ideal time for annual contract negotiations"
          }
        ]
      },
      "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": [
          1150,
          1450
        ],
        "sea_40gp_usd": [
          1900,
          2300
        ],
        "sea_lcl_usd_cbm": 92,
        "air_perkg_usd": 8.9,
        "express_perkg_usd": 14.25,
        "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": -12.5,
        "sea_20gp": -13.33,
        "air": -3.26,
        "express": -3.39,
        "rail_40gp": null
      },
      "series_12mo": {
        "sea_40gp_usd": [
          3500,
          3675,
          3850,
          3375,
          2600,
          2400,
          2500,
          3375,
          2825,
          2350,
          2400,
          2100
        ],
        "air_perkg_usd": [
          10.25,
          10.4,
          10.6,
          10.15,
          9.4,
          9.2,
          9.3,
          10.25,
          9.6,
          9.15,
          9.2,
          8.9
        ],
        "express_perkg_usd": [
          16.45,
          16.65,
          16.95,
          16.2,
          15,
          14.75,
          14.85,
          16.35,
          15.35,
          14.65,
          14.75,
          14.25
        ]
      },
      "market_snapshot": {
        "items": [
          {
            "label": "Low rates",
            "icon": "chart",
            "status": "stable",
            "text": "Rates at year's low — excellent value for shippers"
          },
          {
            "label": "Ample space",
            "icon": "container",
            "status": "stable",
            "text": "Good availability on all South American routes"
          },
          {
            "label": "Contract window",
            "icon": "calendar",
            "status": "normal",
            "text": "Ideal time for annual contract negotiations"
          }
        ]
      },
      "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": [
          2500,
          3100
        ],
        "sea_40gp_usd": [
          3800,
          4650
        ],
        "sea_lcl_usd_cbm": 118,
        "air_perkg_usd": 7.6,
        "express_perkg_usd": 12.2,
        "rail_20gp_usd": [
          4400,
          5400
        ],
        "rail_40gp_usd": [
          6400,
          7800
        ],
        "rail_lcl_usd_cbm": 222
      },
      "transit_days": {
        "sea": [
          25,
          31
        ],
        "air": [
          5,
          7
        ],
        "rail": [
          13,
          18
        ],
        "express": [
          5,
          8
        ],
        "lcl": [
          26,
          35
        ]
      },
      "mom_delta": {
        "sea_40gp": -24.55,
        "sea_20gp": -24.83,
        "air": -8.43,
        "express": -8.27,
        "rail_40gp": -1.73
      },
      "series_12mo": {
        "sea_40gp_usd": [
          8500,
          9950,
          10275,
          8175,
          6600,
          5275,
          5675,
          7675,
          7275,
          5850,
          5600,
          4225
        ],
        "air_perkg_usd": [
          9.8,
          10.55,
          10.7,
          9.65,
          8.8,
          8.15,
          8.35,
          9.5,
          9.15,
          8.45,
          8.3,
          7.6
        ],
        "express_perkg_usd": [
          15.65,
          16.85,
          17.15,
          15.4,
          14.1,
          13.05,
          13.35,
          15.2,
          14.65,
          13.5,
          13.3,
          12.2
        ]
      },
      "market_snapshot": {
        "items": [
          {
            "label": "Rates dropping",
            "icon": "chart",
            "status": "stable",
            "text": "Overcapacity and soft demand driving rates to 2025 lows"
          },
          {
            "label": "Red Sea return?",
            "icon": "info",
            "status": "normal",
            "text": "Discussions of return to Suez — could ease transit times"
          },
          {
            "label": "Negotiate now",
            "icon": "info",
            "status": "stable",
            "text": "Best rates in 18+ months — lock in long-term contracts"
          },
          {
            "label": "Blank sailings",
            "icon": "calendar",
            "status": "normal",
            "text": "Carriers cancelling sailings to support rates — some schedule changes"
          }
        ]
      },
      "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": [
          2000,
          2400
        ],
        "sea_40gp_usd": [
          3150,
          3850
        ],
        "sea_lcl_usd_cbm": 45,
        "air_perkg_usd": 7.25,
        "express_perkg_usd": 11.55,
        "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": -25.13,
        "sea_20gp": -24.79,
        "air": -8.23,
        "express": -8.7,
        "rail_40gp": null
      },
      "series_12mo": {
        "sea_40gp_usd": [
          7050,
          8275,
          8550,
          6825,
          5500,
          4375,
          4725,
          6375,
          6050,
          4875,
          4675,
          3500
        ],
        "air_perkg_usd": [
          9.3,
          10,
          10.15,
          9.15,
          8.4,
          7.75,
          7.95,
          9,
          8.7,
          8,
          7.9,
          7.25
        ],
        "express_perkg_usd": [
          14.9,
          16,
          16.25,
          14.65,
          13.4,
          12.4,
          12.7,
          14.45,
          13.95,
          12.85,
          12.65,
          11.55
        ]
      },
      "market_snapshot": {
        "items": [
          {
            "label": "Rates dropping",
            "icon": "chart",
            "status": "stable",
            "text": "Overcapacity and soft demand driving rates to 2025 lows"
          },
          {
            "label": "Red Sea return?",
            "icon": "info",
            "status": "normal",
            "text": "Discussions of return to Suez — could ease transit times"
          },
          {
            "label": "Negotiate now",
            "icon": "info",
            "status": "stable",
            "text": "Best rates in 18+ months — lock in long-term contracts"
          },
          {
            "label": "Blank sailings",
            "icon": "calendar",
            "status": "normal",
            "text": "Carriers cancelling sailings to support rates — some schedule changes"
          }
        ]
      },
      "narrative_draft": null
    }
  ],
  "featured": [
    {
      "lane_id": "china-argentina",
      "country_slug": "argentina",
      "country_name": "Argentina",
      "cluster": "latam-nearshoring",
      "selection_reason": "top_mover_up",
      "selection_value_pct": -12.5,
      "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_up",
      "selection_value_pct": -12.71,
      "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_up",
      "selection_value_pct": -12.84,
      "primary_mode": "sea",
      "narrative_angle": "Chancay megaport just opened — first Chinese-built deep-sea hub on Pacific coast",
      "narrative_draft": null
    },
    {
      "lane_id": "china-portugal",
      "country_slug": "portugal",
      "country_name": "Portugal",
      "cluster": "iberian-gateway",
      "selection_reason": "top_mover_down",
      "selection_value_pct": -25.13,
      "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": -24.55,
      "primary_mode": "sea",
      "narrative_angle": "Algeciras / Valencia hub for Iberia + North Africa transshipment",
      "narrative_draft": null
    },
    {
      "lane_id": "china-chile",
      "country_slug": "chile",
      "country_name": "Chile",
      "cluster": "latam-nearshoring",
      "selection_reason": "top_mover_down",
      "selection_value_pct": -13.33,
      "primary_mode": "sea",
      "narrative_angle": "Copper exporter / lithium triangle gateway via Valparaiso",
      "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": 2175,
        "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": 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-chile",
        "country_name": "Chile",
        "fbx_drewry_route": "China → South America West Coast (FBX)",
        "sino_midpoint_sea_40gp_usd": 2600,
        "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": 2375,
        "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": 2600,
        "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": 2600,
        "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": 2100,
        "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": 4225,
        "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": "2025-10",
    "author": "SINO Shipping desk",
    "title": "Iberia takes a fifth leg down, 25%",
    "lede": "October is the Iberian gateway's cleanest collapse of the year. Spain and Portugal both shed roughly 25% — the steepest single-month Iberian move in the back-history. LATAM unwinds in lockstep at -13%.",
    "paragraphs": [
      "China → Portugal sea 40GP shed 25.13% to USD 3,150–3,850 and China → Spain -24.55% to USD 3,800–4,650. The Iberian gateway has now declined every month since June. Algeciras transshipment to North Africa and Atlantic re-export collapsed as European Q4 import demand failed to materialise — the back-to-school cycle did not extend into pre-Christmas restocking the way the Mediterranean trade modelled.",
      "The LATAM cluster shed as a block. Pacific Alliance lanes — Chile, Colombia, Ecuador — each printed -13.33%, Brazil -13.00% to USD 1,950–2,400, Peru -12.84%, Argentina -12.50%. Thirteen months of single-block movement. The Brazil sea 40GP is now the lowest absolute level in the back-history.",
      "Mexico shed in line with the cluster at -12.71% to USD 2,300–2,850. The September rebound did not extend; the tariff cycle gave back what it gained as US Q4 orders thinned. The lane is no longer the LATAM premium — it now trades roughly in line with the Pacific Alliance baseline, completing the structural inversion that started in April."
    ],
    "pull_quote": {
      "stat": "-25.13%",
      "caption": "CHINA → PORTUGAL, SEA 40GP, MOM",
      "context": "the steepest single-month Iberian decline in the back-history"
    },
    "watch_next": [
      "Iberia floor — five consecutive declines, cumulative -50% since June; November needs support or Spain breaks USD 3,500.",
      "LATAM cluster rebound timing — Brazil at the back-history low; typical Q4 inventory pull should arrive in November.",
      "Mexico-Pacific Alliance ranking — first full alignment with the cluster baseline, nearshoring premium gone.",
      "Pacific Alliance block — thirteen months; Chancay continues to track the pool, no Callao differentiation."
    ]
  },
  "story": null,
  "counts": {
    "countries": 26,
    "pool_lanes": 9,
    "featured": 6,
    "overlap_lanes": 8
  }
}