Hamburg Süd, a leading operator in ECSA trades, has claimed that shipping lines calling at Brazilian ports were faced with additional costs of US$300M last year because of deficiencies in infrastructure. Julian Thomas, the company’s president in Brazil, believes that this year the cost will be even higher.
The figure of US$300M is imputed from Hamburg Süd’s 20% market share, as its own additonal costs came to US$62M. However, they include higher bunker prices outside the ports’ control, as well as waiting for berths and cancelled vessel calls....
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This complete item is approximately 500 words in length, and appeared in the November 2008 issue of WorldCargo News, on page 9.
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