News on Brazil.

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.

Brazilian president charged with accepting bribes

Michel Temer is facing mounting pressure shortly after secret recordings officially drag the president into the Petrobras scandal. He could remain in office despite minimal support from the population,

Maersk Energy considering sale of Brazilian activities

Maersk Energy is considering a sale of its Brazilian oil and gas activities, CEO Claus Hemmingsen tells Reuters. He also projects that the split of the energy unit will result in individual "stand-alone" companies, as it is difficult to locate any synergies.

Svitzer increases activities in Brazil

Svitzer will more than double the number of tugs under Brazilian flag, so that the fleet will reach ten vessels by the end of the year. The Maersk Group's carrier is also expanding its Brazilian business, which has secured two new execs.

Vale to open world's largest mining project January

Brazilian miner Vale inaugurated the largest project ever in the mining industry over the weekend. The mine, Eliezer Batista, represents combined investments of more than USD 14 billion and is expected to commence operations in January 2017.

Iron giants to add 200 million tons of supplies through 2020

Australia and Brazil, the world's two top iron-ore exporters, will add close to 100 million tons to their supply over the next ten years in a development that looks set to put pressure on the prices, and thus smaller miners, notes Citigroup Inc.

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