South America

South America

05 Mar 2015
Brazilian truck drivers rolled back many road blockades this week after President Dilma Rousseff signed a "trucker's bill" aimed at resolving some long-standing truck driver grievances. However, trucker protests continue at a diminished level in parts of the country, according to news reports, cutting into truck traffic at a key Brazilian port for soybean exports.
06 Jan 2015
The Chibatao container terminal in Manaus, Brazil, plans to spend 113 million-reais ($41.9 million) to boost its annual container capacity by two-thirds to 500,000 TEUs.
05 Jan 2015
Satellite-based container tracking and communications giant Orbcomm extended its international reach and technology base by acquiring Canada's SkyWave Mobile Communications.
31 Dec 2014
Brazil has appointed a new Minister for Ports, Edinho Araujo, in a move that is sowing dissatisfaction among the port community. He who will take over from outgoing minister Cesar Borges on Jan. 5.
31 Dec 2014
Buenos Aires' newest container terminal opened for business this week, amid declining volumes at the port in Argentina's largest city.
29 Dec 2014
The Ecoporto Santos container terminal in Brazil is moving ahead with an expensive equipment upgrade despite not being guaranteed an extension to the company’s port concession period. This comes as competition among the Santos terminals is heating up, with handling rates eroding in 2014.
Brazil-Russia trade relations
26 Dec 2014
After a year of surging sales of foodstuffs to Russia owing to economic sanctions imposed by the U.S. and European Union and retaliatory actions by Russia, Brazil is now possibly the largest supplier of food to Russia, according to the SovEcon consultancy.
22 Dec 2014
Charging that Brazil’s foreign trade is too concentrated in the Mercosur trading bloc, the Brazilian Foreign Trade Association wants Brazil to weaken its ties with Mercosur and concentrate instead on other foreign markets.
19 Dec 2014
Concluding the final stage in its merger with Hapag-Lloyd, CSAV injected 259 million euros ($317 million) into the combined company and in doing so increased its shareholding to 34 percent in what is now the world’s fourth largest container line.
19 Dec 2014
Carriers announced general rate increases that span into February this week, as spot rates around the globe respond to mid-December rate hikes. Drewry Maritime Research’s World Container Index composite index, which measures 11 East-to-West trade lanes, jumped a cumulative 35.8 percent this week.
16 Dec 2014
U.S. containerized exports to most Latin American markets will contract this year, while imports, reflecting the strengthening U.S. economy, will be up.