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.
BY TOMAS KRISTIANSEN
The South American continent is one of the markets that has been hit especially by the low commodity prices, as the historically low prices on oil and, to a certain extent, coal have been felt in countries such as Brazil and Venezuela.
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