Brazil recovery looks set to be challenge for the major box carriers

Rates on the container routes from South America's east coast to the US, dominated by the biggest liner companies, are weak and will be slow to recover, projects Drewry.

Container routes between the US and South America's east coast, a trade dominated by major liner companies such as MSC, Maersk Line and Hamburg Süd, and CMA CGM, look set to face long and slow recovery, according to analysts Drewry.

With Brazil as the biggest economy in Latin America, there are signs of a gradual growth in demand, but slow economic reforms and significant political uncertainty in the country impede rate developments on routes between the two continents.

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