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.
Photo: Nick Ut/AP/POLFOTO/arkiv
Photo: Nick Ut/AP/POLFOTO/arkiv

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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