09-27-2013 02:27 PM - edited 09-27-2013 02:32 PM
I received a report from Maersk Brasil that might explain the possibility that we talked about yesterday of Brazil potentially shipping beans through Chile. Maersk's report says that they might possibly have some delays in the port of Santos because of some accidents in one terminal. Also, the ports of Navegantes (in the southern state of Santa Catarina) and Rio Grande (in Rio Grande do Sul) are facing problems because of bad weather and closing in some days. The port of Itapoa (in Santa Catarina too) had an explosion of a fertilizer warehouse forced operators to evacuate a terminal.
The port of Paranaguá (in the southern state of Paraná) is facing huge congestions because the other ports from the south are diverting the shipments. It seems that the possible shift to ports in other countries is more about a desperation of industries trying to meet deadlines.
Perhaps this will reflect in the market in the next days.
09-27-2013 02:41 PM
The map ilustrates that three ports in the south of Brazil which are diverting into the port of Paranaguá. It is important to mention that the ports of Paranaguá and Rio Grande are essential to grain shipments. The port of Santos (not on this map), in São Paulo, gets a lot of traffic of grains coming from Mato Grosso and Mato do Grosso do Sul, the center-western region of the country.
09-29-2013 02:28 PM
Why doesn't Brazil declare a national effort to build infrastructure. Surely user fees would support an all out effort. It need not pay for itself in the short term as long as it promotes exports present and future generations. One only need to look at what railroad expension and interstate highways provided in the US of A.
It should be a sure thing investment during low interest rates and potential growth for their economy.