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Zim raises Asia/South America rates

Zim raises Asia/South America rates

   Liner carrier Zim said Monday it will raise rates on shipments from Asia to South America beginning July 1.

   The increase is $500 per 20-foot container and $1,000 per 40-foot container.

   'The rate increase is necessary in view of market conditions and current unsustainable rate levels,' the line said.