Maersk Line: Rate collapse a threat to Brazil's export growth

Rates for incoming container routes to Brazil are so low and costly for carriers that in the long-term they could pose a threat to the country's export growth, says Maersk Line's Managing Director for South America.

Photo: Felipe Dana, AP

The volume of containers headed into Brazil, South America's largest economy, dropped 50 percent in January, and according to a trade report from Maersk Line, volumes for incoming containers to Brazil have thus hit a historical low-point.

According to Antonio Dominguez, the Managing Director of Maersk Line in Brazil, Paraguay, Uruguay and Argentina, the low container rates represent a threat to Brazil's export growth as carriers will not want to keep providing services at a loss.

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