Carriers Dedicating Capacity Towards Latin America

June 09, 2023

 

Carriers Dedicating Capacity Towards Latin America

 

With volumes falling on the major East to West trade lanes, Asia to North America and Asia to Europe, carriers are starting to spread their focus across other trades, especially Latin America.

MSC, the world’s largest carrier, has now committed more ships to Latin America than they do the transpacific market, with 12% of its activities now being to and from Central and South America versus 10% on North American operations.

Maersk Line now dedicates 18% of its capacity to Latin American trades, which can partially be attributed to its takeover of South American trade specialist Hamburg Süd, with the latter’s CEO observing that the market is proving “more robust” than other regions.

Latin American trades are also significant for Hapag-Lloyd, recently taking over from the Asia-Europe market as the carrier’s mainstay, following the merger with Chilean owned CSAV and its investment in new neo-panamax 13,000 teu ships.

The big two Asian markets have seen major crashes in ocean freight pricing during recent times, due to the fall in demand of business from China in particular. Rates have recently settled at slightly above breakeven levels, and if the downturn continues, we could see more carriers looking in the direction of Central and South America.

 

Other News

Copa America – What Was It All About?

Copa America – What Was It All About?

Copa America - What Was It All About?   Those that have dealings with Latin America will no doubt be aware that the Copa America football tournament has just finished after almost a month of competition. The Copa America, or English translation 'Americas Cup', is...

read more
Latin American News Roundup June

Latin American News Roundup June

  Latin American News Roundup June   As specialist logistics service providers to and from the region, Envío has summarised a few recent items of Latin American news from the month of June.   Bolivia - A Failed Coup  In La Paz, the Bolivian presidential palace...

read more
Latin American Retailers Set For Success

Latin American Retailers Set For Success

Latin American Retailers Set For Success   According to analysts at Fitch Ratings, one of the major statistical researchers of global capital markets, more stabilised inflation and gradually declining interest rates will benefit the retail sector in Latin America...

read more

Follow us on social media

Get A Quote

In need of confirmed pricing? Use our online form to receive a quote back quickly.

LCL Services

Find out more about our global LCL services. 

FCL Services

Find out more about our global FCL services.