MAERSK Line says the decline of
Brazil's global trade appears to be over after a five-year slump and trade is
expected to grow one per cent next year.
"Everybody
was expecting the economy to recover. So things are not getting worse," Maersk
east coast South America trade manager Antonio Dominguez told American
Shipper.
Exports
will do slightly better than imports, which are forecast to be flat next year,
said Mr Dominguez.
Low
demand for imports has limited export growth by creating a shortage of ships
and containers needed to move commodities out, which are still much in demand
given the devaluation of the Real.
The
big export is soybean, once moved as bulk but is now containerised, so smaller
purchases can be made as well as keeping grain varieties separate. Another high
volume export is pulp and paper, also being increasingly containerised.
"The
export potential is being capped by the import market," he said.
The
big plus is the reefer trade, according to Maersk, which has posted 10 to 15
per cent increases to China in the last year.
Reefers
have gained as technology allows perishables to stay fresh longer and carriers
offer faster transit times with some carriers are investing more in this
market.
Maersk
has ordered 50,000 new reefer boxes, bringing its average fleet age down to 7.9
years compared to the industry average of 12 years.
Source
: HKSG.
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