News on Brazil.

70 bulkers are waiting for sugar off the coast of Santos

Fears that the coronavirus outbreak in Brazil will paralyze the export of sugar have made dry bulk ship operators rush to send ships to major port Santos. Upwards of 70 ships are currently waiting by the port, according to data.

Analyst: Maersk Line loses key route after Hamburg Süd purchase

After the Hamburg Süd acquisition, Maersk Line is left without a direct connection to Northern Europe from Brazil's powerhouse and most important port for the country's billion-dollar food exports, says Brazilian shipping analyst, who describes it as a huge challenge for the company. Maersk denies that its service is weakened.

Terminal operators look toward Brazil

Global terminal operators are looking toward Brazil, which is planning to build a new port terminal. The terminal will be tendered off in 2018 and could end up in Chinese hands, predicts Alphaliner. DP World has also acquired a terminal in Santos.

Statoil bets big on Brazilian oil

Statoil has great ambitions for Brazil where the company has now bought a bigger stake in field Caraca. In the long term, Statoil wants to achieve a daily output of around 700,000 barrels per day in Brazil, reports Dagens Næringsliv.

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