Brazilian Ports Face Challenges

Brazilian Ports Face Challenges

Brazil

An 8% drop in full container volumes in Brazil is expected in 2009, says UBS Pactual. Weakening demand coupled with overcapacity has caused shipping rates to drop, says the shop, which thinks the situation could last a while. "We now assume a container volume decline of 5% for Brazil in 2009 (measured in TEUs), from 9% growth previously. However, we assume full container volumes decline further, by roughly 8%, reflecting deteriorating full-to-empty ratios,” says the shop. The scenario has deteri

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