South America

South America

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.
15 Dec 2014
Brazil port and health authorities carried out a simulated ebola emergency at the port of Santos last week to help improve the response to the threat the disease poses at maritime ports of entry.
10 Dec 2014
Hapag-Lloyd and CSAV will launch new joint services between March and June, the carriers said today after unveiling new-and-improved service loops.
10 Dec 2014
The Brazilian port of Manaus will invest R$97 million (US 37.4 million) in automation at one container terminal and at a general cargo facility and buy new equipment after receiving private use status, exempting it from certain labor rules.
09 Dec 2014
Despite the resignation of CEO Eric W. Kirchner and a $34 million loss in its latest quarter, UTi Worldwide has passed a turning point, new CEO Edward G. Feitzinger said Dec. 9.
08 Dec 2014
Singapore-based Global Logistic Properties took a break from its rapid China expansion to partner with GIC in acquiring one of the largest logistics real estate portfolios in the US for $8.1 billion.
05 Dec 2014
Brazil’s trade deficit narrowed for the third month in a row in November as the economy continues to face headwinds.
05 Dec 2014
Multiple container lines plan to attempt general rate increases in numerous trade lanes in December and January, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
01 Dec 2014
Eurasian Economic Union and Mercosur officials met last week to see how members could strengthen trade relations and increase the movement of goods between trade blocs.
29 Nov 2014
China is speeding up its process of ditching a two-year ban on Brazilian red meat with a resumption of imports expected before Christmas, said Brazil’s agriculture minister, Neri Geller. And Saudi Arabia is expected to resume imports of Brazilian beef by the end of this year.