As part of our commitment to provide you with the most up-to-date and relevant information on the logistics industry, we share our Market Update on the Latin American market.
You will find information and interesting data on the update of the state of the ports, the most important transport routes and relevant news.
We hope you'll find the following information helpful, as well as inspiring to boost your business and keep your cargo moving.
Major Trade Lane Market Overview
| TRADE LANE | COMMENTS | DEMAND TREND |
|---|---|---|
|
TRADE LANE
West Coast South America Exports
|
COMMENTS
'Reefer fruit slack season coming, and the phenomenon, "El Niño" is already impacting some commodities. Copper prices are under pressure from given concerns about the effect of a global economic slowdown on base metals. |
DEMAND TREND
Stable
|
|
TRADE LANE
West Coast South America Imports
|
COMMENTS
Uncertainty on market seasonality out of Asia as changes in supply behavior and consumer patterns could affect inventories.
|
DEMAND TREND
Stable |
|
TRADE LANE
East Coast South America to Asia
|
COMMENTS
Japan has temporarily suspended imports of chicken from Brazil - Santa Catarina and Espirito Santos states. Despite this embargo, no commercial impact since customers are moving the cargo out of ES and SC to other destinations and considering Plants from other states to move the poultry to Japan. In Argentina, all exports remain blocked, waiting 30 days without any new cases. The cotton season starts with a good trend. It is expected to have a record crop for 2023/2024. The increase in area justifies this value, productivity gain due to improved technologies, favorable climate, and low occurrence of pests. China's quota was opened with tax incentives and Brazil represents 30% of this quota. |
DEMAND TREND
Stable
|
Port Status:
Regarding Latin American ports, waiting times are generally stable. However, there are a few exceptions. Manzanillo-MX is experiencing waiting times only for XL-sized vessels, and Chilean ports are being closely monitored due to the possibility of bad weather.
Panama Canal:
Working with DRAFT RESTRICTION:
The maximum authorized draft of 13.41 m (44.0 feet) TFW will remain in effect in the Neopanamax locks, and the maximum authorized draft of 12.04 m (39.5 feet) TFW will remain in effect in the Panamax locks until further notice. (NON-BOOKED: NEO - DAYS 9 NB/ 13 DAYS SB / SUPER- 15 DAYS NB / 14 DAYS SB)
Thessaloniki Terminal, Greece: This terminal is congested, with a waiting time of 3 days. Operations can be suspended if the temperature exceeds 40 degrees.
Port Chalmers, New Zealand: While the waiting time is nil, there is an ongoing discussion about extending the labor model and increasing capacity due to labor shifts. This might be an area to watch for changes in the coming weeks.
Mersin, Turkey: The waiting time is 5-7 days due to congestion, which could indicate critical conditions at this port.
Constanta, Romania: DPW CND terminal has a waiting time of 2 days.
Varna, Bulgaria: The Varna channel will be closed for navigation for a significant period (from 01.08 to 31.08.2023), which might affect shipping routes.
Ningbo Beilun Container Terminal Phase 4, China: The average waiting time is 3-3.5 days, indicating some congestion.
Guangzhou Ocean Gate Terminal, China: While the average waiting time is relatively short (0.5 day), the alert level is high, with an empty yard at 90%, potentially leading to operational challenges.
Koper, Slovenia: The terminal is impacted by the Houson incident, and the productivity will not be optimal until the 4th crane is repaired. Additionally, a national holiday might bring uncertainty regarding truck restrictions.
Genoa PSA, Italy: The terminal is experiencing congestion due to reduced gang availability during the vacation season. Berthing line-up congestion and waiting times are expected to be experienced.
These ports may require closer monitoring and attention due to the mentioned factors. However, it's important to note that the criticality of a port can change based on various factors such as weather conditions, labor issues, ongoing projects, and other unforeseen events.
Vessel Arrival Waiting Time Indicator
| Less than 1 day | 1 – 3 days | 4 – 7 days | More than 7 days | |
|---|---|---|---|---|
|
Latin America
|
Less than 1 day
Santos 01, Santos BTP, Salvador, Buenos Aires, Montevideo, Manaus, Suape, Pecem, Rio Janeiro, Imbituba, Sepetiba, Itajai, Navegantes, Rio Grande, Zarate, Rosario, Mar del plata, Bahia Blanca, S Antonio Este, P Madryn, P Deseado, Ushuaia, Vitoria, Buenaventura, Santa Marta, Turbo, Moin, La Guaira, Puerto Cabello, Lazaro Cardenas, Veracruz, Altamira, Progreso, "Guayaquil/ Contecon", "Guayaquil/ TPG", Puerto Bolivar, Callao/ APMT, Callao/ DPW, Pisco, Arica, Iquique - ITI, Mejillones-PAG, Antofagasta-ATI, Valparaiso-TPS, San Vicente - SVTI, San Antonio - STI |
1 – 3 days
Manzanillo-MX
|
4 – 7 days
|
More than 7 days
|
|
Rest of the world
|
Less than 1 day
Halifax, Jacksonville, Long Beach, Los Angeles, Miami - POMTOC, Montreal, Newark APMT, Newark PNCT, Norfolk, North Charleston, Philadelphia, Port Everglades, Prince Rupert, Seattle, Tampa, Wilmington, Santos 01, Santos BTP, Paranagua, Itapoá, Salvador, Buenos Aires, Manaus, Suape, Pecem, Rio Janeiro, Imbituba, Sepetiba, Itajai, Navegantes, Rio Grande, Zarate, Rosario, Mar del plata, Bahia Blanca, S Antonio Este, P Madryn, P Deseado, Ushuaia, Vitoria, Buenaventura, Santa Marta, Turbo, Moin, La Guaira, Puerto Cabello, Lazaro Cardenas, Veracruz, Altamira, Progreso, Guayaquil/Contecon, Guayaquil/TPG, Puerto Bolivar, Callao/APMT, Callao/DPW, Pisco, Arica, Iquique - ITI, Mejillones-PAG, Antofagasta-ATI, Valparaiso-TPS, San Antonio - STI, San Vicente - SVTI, PSA (SGSIN), SINGAPORE, PORT OF TANJUNG PELEPAS, AUSTRALIA, Tauranga, Auckland, Napier, Lyttelton, Port Chalmers, Timaru, Nelson, Busan New Port Terminal (KRBUSPN), Qingdao Qianwan Container (CNTSTQQ), Shanghai Yangshan Guandong Terminal (CNSGHY3), Shanghai Shang Dong Container Terminal (CNSGHY4), Shanghai East Container Terminal (CNSGHCT), Ningbo Beilun Container Terminal Phase 4 (CNNPOJ4), Xiamen Songyu Terminal (CNXIMSY), Yantian Container Terminal (CNYATCT), Hongkong Modern Terminal (HKHKGMO). |
1 – 3 days
Baltimore, Charleston, Freeport, Houston, Mobile, New Orleans, Savannah, Vancouver, Montevideo, Manzanillo-MX, PATRICK (BNE), PATRICK (FRE), PATRICK (MEL), PATRICK (SYD), DPW (MEL), DPW (SYD), DPW (BNE), DPW (FRE), MEL VICT, ADL, AMBARLI MARPORT, AMBARLI KUMPORT, POTI, Constanta, Romania, Ningbo Beilun Phase 4, CN |
4 – 7 days
MERSIN
|
More than 7 days
|
(*) - cargo connections can be impacted considering the delays reported
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