Falling consumer demand amid rising inflation in Brazil and the launch of a new service that has added capacity have conspired to push rates from Asia to the East Coast of South America to their lowest level in about 18 months.
South America
South America
Press Releases
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A $60 million funding round into LatAm forwarder Nowports continues a trend of late-2021 cash infusions into early-stage logistics startups by big-name investors, including Tiger Global and SoftBank.
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HMM India officials said the carrier plans to use a fleet of eight to 12 vessels with an average capacity of 5,000 TEU on its new service linking the Indian port of Kattupalli with the Far East and Latin America.
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Apr 19, 2022 2:00PM EDT
Speakers:
Bob Andrews, Senior Vice President, CenterPoint Properties
