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South_America

News on South America.

Media: Criticism of APM Terminals in Peruvian port

Authorities in Peru are allegedly not pleased with APM Terminals' work so far in the port of Callao, citing cracks in built infrastructure and used equipment. The terminal company has till October 11th to resolve the issues, or the concession could be revoked.

APM Terminals dampens ambitions for South America

After several years of billion dollar investments in South and Central America, the region's economic conditions now make Maersk's terminal and port unit slow down its investment pace in the region, reports Danish media Berlingske.

Maersk Line invests big-time in its reefer fleet

Maersk Line is investing in thousands of new reefer containers for, among other trades, the highly lucrative market out of Latin America which currently finds itself under pressure. ShippingWatch has interviewed the carrier's new Global Head of Reefer Management, Shereen Zarkani.

South America no longer a shining growth engine for shipping

2015 surprised big-time with historically low growth rates from the South American continent, which not long ago was seen as a golden market for the shipping industry. The biggest nations such as Brazil and Argentina in particular have disappointed - and 2016 does not look much better.

North American renaissance lures Wrist Ship Supply

The low oil price has made it difficult to develop the new offshore growth markets in Angola and Brazil. On the other hand, North America has performed better during the crisis and offers new opportunities for acquisition-hungry Wrist Ship Supply.

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