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.