Latin America

Perishables shippers still facing challenges after switch from air to ocean

Mangoes from Latin America are not traveling by air to international markets this year.
A combination of scarce capacity and high airfreight rates has forced Latin nAmerican mango exporters to shift to ocean transport.
Kurt Schosinsky, MD of Avianca Cargo, says the repercussions of Covid-19 have hit the region’s perishables exporters hard.
For the most part their traffic moves on passenger aircraft, where rates are typically 15-20% lower than for all-cargo planes, said …

The post Perishables...

https://theloadstar.com/perishables-shippers-still-facing-challenges-after-switch-from-air-to-ocean/

LATAM kicks off Miami-Brazil cargo flight

LATAM Airlines

LATAM Cargo, South America’s largest freighter operator, has started a weekly flight between Miami and the Florianopolis airport in southern Brazil.

The airline said it has the only all-cargo flight tying North America with consumers in Santa Catarina that seek automotive parts, metals, food, pharmaceuticals and electronic products. 

LATAM said cargo from Europe and Asia will also be included on the Miami outbound flight, which is serviced with a Boeing 767 freighter.

Previously, cargo destined to...

https://www.freightwaves.com/news/latam-kicks-off-miami-brazil-cargo-flight

New waves in freight, part I: USGC-Brazil route emerges as barometer for tanker market

clean products fixtures and tonnage trend USGC-Brazil and USGC-UKC

Shifting oil product trade flows have implications for the way the market assigns value to tanker routes. In a two-part series, S&P Global Platts shipping editors look at the impact of new trends in fuel demand and supply on both sides of the Atlantic.

Trans-Atlantic product tradeflows are losing market share to Latin American-bound voyages amid rising Middle East refining capacity and diesel exports to Europe. Brazil is the second-largest petroleum products import market in the Americas, with...

https://blogs.platts.com/2020/08/06/tanker-market-freight-usgc-brazil/

Liftit raises $22.5 million to automate last mile in Latin America

Quito, Ecuador.

Last week, Liftit, the Colombia-based freight tech startup automating last-mile logistics in Latin America, announced that it had closed a $22.5 million Series B round led by Cambridge Capital, with participation from IFC, monashees, Jaguar Ventures, NXTP Ventures and others.

Liftit estimates that the “short distance trucking market” in Latin America is worth $100 billion and growing thanks to accelerating e-commerce penetration of Latin American retail. Liftit, founded in 2017, operates in 18...

https://s29755.pcdn.co/news/liftit-raises-22-5-million-to-automate-the-last-mile-in-latin-america

Latin America: New rule on rate applicability

APL announces the following new rule on rate applicability, effective 1 February 2020.

Scope New Rule on Rate Applicability
All Latin America trades EXCEPT to/from the following countries/territories:
(Non-FMC only)
– Canada
– Puerto Rico
– U.S.
– Virgin Islands		The rates, rules and charges applicable to any given shipment are effective on vessel sailing date.
All Latin America trades to/from the following countries/territories:
(FMC)
– Canada
– Puerto Rico
– U.S.
– Virgin Islands		The...

https://container-news.com/latin-america-rule-rate-applicability/

Maersk Looking for Digital Freight Forwarders for Cold Chain Investments in Latin America

According to a LoadStar report, Maersk Line appears to be continuing its process of vertical consolidation, admitting it is on the hunt for forwarding acquisitions in Latin America.

Looking at Brazil

Lars Nielsen, Maersk Line chief executive for Latin America & the Caribbean, told delegates at last week’s TOC Americas Container Supply Chain event in Cartagena: “We haven’t so far invested in any Latin American start-ups, but we have been looking at Brazil, where there are some digital-first...

http://mfame.guru/maersk-looking-for-digital-freight-forwarders-for-cold-chain-investments-in-latin-america/

Latin American Markets & Opportunities

Latin American Markets & Opportunities

Lunchtime Seminar

THE EAST INDIA CLUB, Thursday 14 November / 12.00 to 15.00

In association with NTL Trust and The Wealth Forums, JLR Ltd invite guests to a lunchtime seminar dedicated to the world of Latin American business, cross-jurisdictional requirements, political developments, business opportunities, football, wealth management and investment projects. As honoured “Keynote Speaker”, we have Edgard Cabrera, Meteorological and Marine Consultant, former...

http://www.allaboutshipping.co.uk/2019/10/15/latin-american-markets-opportunities/

AGL switches focus as Latin American perishable exports get hot

American Global Logistics (AGL) is pursuing growth opportunities in Latin America as the region’s perishables exports, its traditional staple, goes through the roof.
And manufacturing is also on the rise – a development that the exodus of production from China will accelerate, according to AGL CEO and chairman Jon Slangerup (pictured).
Interest in the region is on the rise, he reported. Much is driven by the perishables sector, which has seen a …

The post AGL switches focus as Latin American...

https://theloadstar.com/agl-switches-focus-as-latin-american-perishable-exports-get-hot/

Mark Sobel on new IMF proposals, Herbert Poenisch on China’s secretive lending, and more

Mark Sobel on new IMF proposals, Herbert Poenisch on China’s secretive lending, and more

25-29 March 2019 Vol.10 Ed.13

COMMENTARY

IMF enhancing efforts in Latin America
While the world focuses on the US and China, Brexit, G3 monetary policy and Europe’s doldrums, little attention is being paid to economic and financial developments in Latin America. Yet, change is afoot.

The International Monetary Fund is stepping up activities in the region, writes Mark Sobel.

Read more. 

PODCAST

Effects of shadow...

http://www.allaboutshipping.co.uk/2019/03/30/mark-sobel-on-new-imf-proposals-herbert-poenisch-on-chinas-secretive-lending-and-more/

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