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 to Asia
|
COMMENTS
Grapes seasons out of Chile and Peru are about to start. Fishmeal season out of Peru is a bit delayed but expected to start in the coming weeks. |
DEMAND TREND
Stable
|
|
TRADE LANE
East Coast South America to Asia
|
COMMENTS
Reefer China market: 11 slaughterhouses allowed to export to Indonesia; China ends suspension of 3 Brazilian slaughterhouses. Foodstuff-related commodities have inelastic behavior, and volume is expected to be like last year´s. Retail-related ones, on the other hand, may suffer the impact of low demand, and volume will likely swing according.
|
DEMAND TREND
Stable
|
|
TRADE LANE
East Coast South America to Europe
|
COMMENTS
Turkey earthquake - some impact is expected as their location was heavily affected. Chances are that we´ll see this volume diverting to other destinations. Foodstuff-related commodities have inelastic behavior, and volume is expected to be like last year´s. Retail-related ones, on the other hand, may suffer the impact of low demand, and volume will likely swing according.
|
DEMAND TREND
Stable
|
(*) - cargo connections can be impacted considering the delays reported
Port Status:
Comments:
Key ports across our global network have significantly improve on waiting time, as consequence of weather improvement and less cargo congestion.
- In Northern Europe, situation at ports have improved with no waiting time, still facing weather disruptions however with less impact.
- In Asia, the situation is stable and waiting time has improved specially in Ningbo and Qingdao, Busan has been impacted due to weather issues. Tauranga continue severely congested, waiting time can reach up to 7 days for vessels out of window and 3 days for vessels arriving on proforma.
- In Latin America the situation related weather disruption has improved on the last weeks in the Gulf of Mexico and as per forecast should remain as is for the rest of February, Veracruz is being impacted with 2- 3 days of waiting time, weather situation in Buenos Aires has improved with no impact to the line-up.
- In North America, overall, the situation has had a significant improvement, waiting time in both, East and West coasts have reduced, Norfolk and Savannah labor situation is improving allowing better performance overall on the ports complex, Houston waiting time has significantly reduced to 1 day for US Flag vessels and 2-3 days the rest of the vessels, labor situation, productivity and yard utilization have improved. Freeport and Mobile waiting time have increased to 1 - 3 days due to high number of vessels arriving heavily delayed. For the Canadian ports, Vancouver is impacted due to the heavy winter and holiday delays having a waiting time of 10 days.
Vessel Arrival Waiting Time Indicator
| Less than 1 day | 1 – 3 days | 3 – 7 days | More than 7 days | |
|---|---|---|---|---|
|
Latin America
|
Less than 1 day
SSA/ Manzanillo MX, Lazaro Cardenas, Altamira, Moin, Balboa, Manzanillo, PA, PSA, Cristobal, Cartagena, Buenaventura, Santa Marta, Turbo, Callao, Guayaquil, Valparaiso, San Antonio (Chile), San Vicente, Santos, Paranagua, Itajai, Itapoa, Paranagua, Montevideo, Buenos Aires
|
1 – 3 days
Veracruz
|
3 – 7 days
|
More than 7 days
|
|
Rest of the world
|
Less than 1 day
Norfolk & Savannah (USA Flag), Charleston, Wilmington, North Charleston, Jacksonville, Port Everglades, Tampa, Long Beach, Los Angeles, Philadelphia, Newark, Miami, Seattle, Antwerp, Bremerhaven, Rotterdam, London, Hamburg, Shanghai, Chiwan, Qingdao, Ningbo, Singapore, Malaysia, Xiamen
|
1 – 3 days
Montreal, Halifax, Baltimore, New Orleans, Oakland, Norfolk & Savannah (no USA flag vessels), Freeport, Mobile, Houston, Prince Rupert, Busan, Auckland, Napier
|
3 – 7 days
|
More than 7 days
Tauranga, Vancouver (*)
|
Hamburg Süd will transition to a single, unified brand under Maersk
On January 27 it was announced that Hamburg Süd will become a unified brand under Maersk.
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