The stagnant Brazilian economy and the massive injection of container capacity hurts major terminal operator.
03 Feb 2016
Although overall export revenues for Brazilian shoes fell 10 percent last year, to $960.4 million, sales during the last month of December ended on a high and rocketed 60 percent from November, to $119.57 million, raising the sector’s expectations for this year, according to Heitor Klein, the chief executive of Abicalçados, the Brazilian Association of Footwear Manufacturers.
27 Jan 2016
Localfrio Logistica, owner of the container storage facility at the Port of Santos where a fire recently broke out and temporarily closed a container terminal, has been hit with fines totaling 10.149 million reais ($2.51 million).
23 Jan 2016
The owner of a container terminal in Brazil plans to pick the top three bidders in the first week of February and request firm offers after receiving 10 non-binding proposals.
20 Jan 2016
Two of three of the most important Brazilian port deepening projects are advancing, paving the way for container lines to eventually bring the larger vessels that will soon to be able to traverse the larger Panama Canal locks to the ports of Rio de Janeiro and Recife.
17 Jan 2016
The Tecon Santos container terminal reopened Saturday night after firefighters put out a blaze at the largest South American port gateway that lasted more than 40 hours.
15 Jan 2016
After a chemical fire closed the biggest terminal at South America’s largest container gateway, container lines are considering rerouting cargo away from the facility of Tecon Santos to other terminals at the Port of Santos and other Brazilian ports.
13 Jan 2016
A new player in the shipping business is making a move to take a majority stake in Log-In Logistica, leaving the three largest global container lines that were interested in the Brazilian coastal carrier and terminal operator out in the cold.
07 Jan 2016
Brazil’s government needs to offer more guarantees investments will not be interfered with if foreign global terminal operators are to participate in the latest port concession process, according to Wilen Manteli, president of the Brazilian Association of Ports and Terminals.
05 Jan 2016
Brazil rail operator MRS Logistica, Tuesday morning began informing thousands of its shipper clients that its operations are up and running following a devastating fire just before Christmas at one of its key terminals.
28 Dec 2015
South America’s leading container port of Santos has discovered and detained record levels of counterfeit goods in both tonnage and monetary terms as customs authorities step up their cooperation and detection efforts to crack down on fake imports.