China Shipping Container Lines Co. to raise South America rates

China Shipping Container Lines Co., the nation's second-largest cargo-box carrier, will raise rates for hauling goods to South America and Southern Africa as the industry seeks a return to profit through higher fees. Asia-South America rates will rise by 15 percent, or US$350, per 20 foot box, and Asia-Southern Africa rates will go up by US$200, about 10 percent, Huang Danxiang, the company's deputy investor relations manager, said by phone Monday. The higher fees come into effect starting Oct. 15.