Brazil News

 

Brazil, Paraguay Clash with Argentina Over Grains Waterway Tolls

Sep 11, 2023

Brazil, Paraguay, Bolivia and Uruguay have urged Argentina to stop applying tolls for ships and barges carrying grains and other exports, saying it restricts navigation on a key river channel.The four countries issued a joint statement late on Sunday blasting as 'unilateral and arbitrary' Argentina's decision to seize a barge from Mercurio Group, a Paraguayan shipping company, to collect a toll, adding its actions could affect supply and prices…

Oil Production, Chinese Buying Buoys Brazil Crude Exports 19%

Feb 14, 2024

“The reshaping of global crude tanker markets continued in 2023. In 2022, sanctions shifted Russia’s exports from Europe to Asia while OPEC production cuts in 2023 increased the Americas’ share of exports. Brazil’s oil production increased by…

Cargill Brazil Executive Urges Sector to Keep Investing in Logistics

Aug 07, 2023

Paulo Sousa, the president of Cargill's unit in Brazil, said companies should continue making investments in logistics to help Brazil, the world's largest exporter of commodities like soybeans, coffee and sugar, to store and move its agricultural products more efficiently…

Brazil on Track to Become World Maize Export Leader in '23

May 10, 2023

“Brazil remains on track for a record maize harvest this year, and exports could rise 8% in 2023. Brazil could thereby become the world’s largest maize exporter this year, which would partially offset weaker harvests in the US, Argentina, and Ukraine…

Svitzer Expands Into Brazil's Port of Salvador

Mar 01, 2023

A.P. Moller-Maersk's towage arm Svitzer announced it has expanded its presence in Brazil to provide operations and services at the Port of Salvador, including Aratu Port Complexes.Svitzer said it will deploy two 'modern and high-powered' tugs…

Brazil's Terminal Operators Accuse Shipping Companies of Anticompetitive Practices

Jul 07, 2022

The dispute between Brazilian port operators and global shipping giants Maersk and MSC is expected to escalate in the coming weeks, according to Brazilian newspaper Valor.Local port terminal operators, through their industry group ABTP, are…

Brazil's Parana ports face unusually busy fertilizer import season

Apr 19, 2022

Ports in one of Brazil's biggest farming states are handling an unusual amount of fertilizer after importers rushed to secure supplies amid fears that sanctions on Belarus and Russia would curtail trade, the Parana port authority said.Brazilian…

Cofco Wins 25-year Concession for New Brazil Port Terminal

Mar 30, 2022

Cofco International said on Wednesday it had won a 25-year concession for an agriculture bulk terminal at Brazil's Port of Santos, expanding its footprint in the world's top soybean exporter.The STS11 terminal will be fully operational in 2026…

BIMCO: Iron Ore Spot Rates Spike 163%

Sep 29, 2021

As the average length of the journey increases, partly due to port congestions in China, soaking up capacity and pushing up spot rates, shipowners will likely be enjoying high freight rates until the end of the year.Iron ore spot freight rates from Western Australia…

Brazil Private Ports Move 11% More Cargo in Q1

May 18, 2021

Brazil's private port terminals moved some 185 million tonnes of cargo in the first quarter, an 11% annual increase driven mainly by trade in mineral and agricultural commodities, data compiled by private port lobby group ATP showed on Tuesday…

Iron Ore to Displace Soybeans as Brazil's Main Export Earner

May 05, 2021

Brazil's iron ore export revenues are set to surge 60% this year and displace soybeans as the country's number one source of foreign exchange earnings for the first time in six years, Brazil's Foreign Trade Association (AEB) said on Tuesday…

Congestion at Brazil's Largest Port Leaves Traders Scrambling

Mar 23, 2021

Soy and sugar traders are fighting for room in Latin America’s largest port, rushing to secure loading slots as the slowest Brazilian soy harvest in 10 years pushes the grains export window into the sugar season.Congestion was hitting Brazil’s…

Rare US Soybean Cargo Unloaded at Brazils Paranaguá Port

Dec 04, 2020

A ship carrying 30,500 tonnes of U.S. soybeans was unloading its rare cargo on Friday after getting all regulatory permissions and docking at one of Paranaguá’s berths, according to a spokeswoman for the port authority.Brazil, a net food exporter…

Container Shortage Delays Shipments of Brazil's Record Coffee Crop

Oct 14, 2020

Coffee traders are struggling to ship cargos out of Brazilian ports because of a shortage of available containers or space in vessels to hold them, according to traders and analysts.Brazil's economy is suffering due to the coronavirus pandemic…

Brazil on a Grain Exporting Spree

Jul 01, 2020

Brazil is expected to export 11.9 million tonnes of soybeans in June, a 37% rise from the same month last year, as Chinese demand remains strong and ports operate normally amid the COVID-19 pandemic, industry group Anec said on Tuesday.Exports of corn from Brazil are seen at 774…

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