South America

South America

01 Jul 2015
The Far East-South America trades are facing the threat of rate wars this month as carriers add significant additional capacity to an already oversupplied market, according to Alphaliner.
30 Jun 2015
The christening last week of the Vicente Pinzon marks the completion of Alianca Navegacao’s reais 700 million ($224.5 million) cabotage and coastal fleet upgrade aimed at securing its dominance in the Brazilian cabotage market
26 Jun 2015
The Port of Rio de Janeiro's hopes for container growth are constrained by factors both technical and political.
25 Jun 2015
In a familiar turn, Brazil’s effort to attract 10 billion reais ($3.23 billion) of investment for its port sector in recent weeks took two steps forward and one step back.
24 Jun 2015
Hapag-Lloyd is raising rates on the East Coast of South America to Central and North America trade lane amid a recent shakeup in vessel-sharing agreement.
24 Jun 2015
SeaLand sees its new service linking Central America with the U.S. East Coast as an opportunity to increase its interchange of cargo from ships of its larger corporate sibling Maersk Line.
21 Jun 2015
Chilean ports have been hit by a series of brief strikes by port workers protesting terms of a labor reform approved last week by the lower chamber of the nation’s congress.
17 Jun 2015
FedEx reported its first quarterly loss since 2009, thanks to a $2.2 billion pension-related pre-tax charge that bit deep into earnings. Unfavorable exchange rates, a drop in international priority volume and low fuel surcharge revenue also stung the global transport operator.
17 Jun 2015
Plans to invest 198.4 billion reais ($63.83 billion) in infrastructure concession projects have been announced in Brazil this past week by President Dilma Rousseff. Roughly 37.4 billion reais is expected to be invested in the port sector.
12 Jun 2015
Shippers and carriers using the Brazilian port of Santos are bracing themselves for delays and dislocation next week as the Santos Union of Stevedores prepares to stage a 12-hour strike on a day yet to be decided.
10 Jun 2015
APM Terminals estimates it will take 7 to 10 days for operations to return to normal after striking stevedores returned to work Friday at the company’s general cargo terminal in Callao, Peru.