Brazil News

 

Dry Bulk Market Outlook Darkens After Vale Casualty

Feb 19, 2019

The prospects of dry bulk shippers carrying iron ore from mines to smelters have worsened due to the accident at Vale's Brumadinho dam in Brazil, Golden Ocean said on Tuesday as it presented forecast-beating quarterly earnings.The dam in the town of Brumadinho…

Brazil’s Itaqui Port and Panama Canal Sign MOU

Dec 13, 2018

The Panama Canal has signed a memorandum of understanding with the Port of Itaqui to promote the shipment of grains and other cargoes in the commercial route from Brazil through the Panama Canal to destinations located in the Pacific Ocean.Itaqui…

Panama Canal Signs Deal with Port of Itaqui

Dec 10, 2018

The Panama Canal signed a Memorandum of Understanding (MOU) with Port of Itaqui, located in the northeastern region of Brazil, to promote the shipment of grains and other cargoes in the commercial route between the north of Brazil through the…

Brazil Minimum Freight Rates Hurt Port Cargos -Association Chief

Sep 06, 2018

Brazil's policy of setting minimum freight rates is reducing the volume of cargo at Brazilian ports as farmers and agricultural exporters have difficulty arranging transportation at higher cost, according to the head of a Brazilian ports association…

Brazil Freight Policy Signed into Law

Aug 09, 2018

Brazil's President Michel Temer signed into law a bill authorizing the government to set minimum truck freight prices, drawing criticism from farm groups who said the measures would drive up costs for food.According to a decision published in the official gazette on Thursday…

COFCO Says Brazil Needs More Logistics Investments

Jul 24, 2018

Brazil could compete better in global agriculture markets if it increased infrastructure investment and diversified its transport network, an executive at COFCO International, the Chinese commodities trader, said on Monday.Eduardo Gradiz Filho…

Brazil Police Cracking Down on Cargo Theft

Jul 17, 2018

Brazil's federal police sought to arrest some 64 people on Tuesday as part of a cargo theft investigation, police said in a statement, as Latin America's largest economy seeks to gain control over its increasingly insecure highways.The operation…

BIMCO: Trade War may change Soya Bean Trade Lanes

Apr 19, 2018

Soya bean trade lanes may change due to the ongoing trade war. The shipping of soya beans from the US to China is one of the most significant ‘one commodity’ cargoes that may become affected by the trade war between the US and China.Soya bean…

Brazil Vessel Lineup for Sugar 60% Behind 2017

Apr 13, 2018

The lineup of vessels to load sugar in Brazil currently is around 60 percent smaller than seen in the same period a year earlier because of lower output and tepid foreign demand, midway through the first month of the country's new cane crop…

Brazilian Grain Producers Explore Increased Use of Panama Canal

Mar 16, 2018

Brazilian farmers in top soy state Mato Grosso signed a memorandum of understanding with the Panama Canal Authority to evaluate ways to cut transportation costs and boost Brazilian grain volumes using the waterway, the authority's chief administrator said…

Panama Canal Pact with Mato Grosso for Bulk Grain Cargoes

Mar 15, 2018

The Panama Canal signed a Memorandum of Understanding (MOU) in Cuiabá, Brazil that will promote the Panama Canal's position as a route for grain shipments traveling from northern Brazil to ports accessed in the Pacific Ocean. The agreement…

Antwerp Sets up Maritime Training Institute in Brazil

Mar 15, 2018

The port of Antwerp is to make its know-how and expertise available to further professionalise the management of ports in Brazil. It will do this by among other things providing a special series of seminars in two already active training centres for maritime professionals in Brazil…

CMPort Acquires Container Terminal in Brazil

Feb 27, 2018

China Merchants Port Holdings Company Limited (CMPort) said that the Company's transaction regarding the acquisition of Paranaguá Container Terminal (TCP) in Brazil is completed. The acquisition is the biggest merger and acquisition so far in Brazilian and Latin American port sector…

BrasFELS Delivers Fifth FPSO Project for MODEC

Sep 29, 2017

Keppel Offshore & Marine's (Keppel O&M) wholly owned subsidiary Keppel FELS Brasil's BrasFELS shipyard in Brazil has delivered the Cidade de Campos dos Goytacazes MV29, a Floating Production Storage and Offloading (FPSO) vessel, to repeat customer MODEC Offshore Production Systems (Singapore) Pte…

Brazil's 20% Ethanol Import Tax Rule Takes Effect

Sep 01, 2017

New rules governing Brazil's ethanol imports, which slap a 20 percent penalty for volumes above a tax-free import quota, took effect on Friday, authorities said. Brazil's foreign trade chamber Camex said in an official written resolution that the rules will be valid for two years…

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