Logistics Briefing Weekly
We expanded our team, now in China!
Do you have or have you had merchandise movements to or from Asia? If your answer is yes, this might interest you. We have expanded our team, you will now also find Nowports experts in China, which will allow us to offer an even more efficient and personalized service to our clients.
With our new team, you will have access to:
Comprehensive Logistics: Centralization of all your logistics operations.
Financing: Financial solutions adapted to your needs.
Cargo Protection: Security guarantee for all your merchandise.
24/7 support: Continuous support for all your operations.
We are committed to being your trusted partner and providing you with an unparalleled logistics experience.
Decreasing transportation rates
After facing a challenging Peak Season period that was seen most strongly on the Asia - Latin America route, the situation has returned to normal and we are pleased to see a downward trend in fares. Currently, and with positive expectations for the coming month of August, we anticipate that these rates will continue to decrease.
We encourage you not to hesitate to send us all your requirements. We are committed to offering you the best levels of service and rates, thus ensuring an optimal and mutually beneficial collaboration.
Read part of the interview with our Chief Product Officer Ilse De Bruin in a Port Technology International edition
Our Chief shared with us his vision on the incorporation of technology in the logistics and maritime industry in Latin America. Among the highlights:
Have there been any notable governmental regulations or policies enacted within the region that have shaped logistics and market dynamics of the shipping industry in Latin America?
Yes, several notable regulations and policies have shaped logistics and market dynamics in the Latin American shipping industry. Streamlining customs procedures, fostering public-private partnerships in the logistics industry, and lowering bureaucratic obstacles are examples of policies that can help. But we have seen some such as:
These regulations have collectively aimed to enhance the efficiency, competitiveness, and attractiveness of the shipping industry, although they also pose certain challenges that companies must manage effectively.
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In what ways have recent economic trends in major Latin American economies affected shipping volumes and altered trade routes within the region?
Recent economic trends in major Latin American economies have significantly impacted shipping volumes and trade routes:
This response addresses the key points and provides a clear overview of how economic trends have influenced shipping volumes and trade routes in Latin America.
We invite you to read this edition and understand the future of shipping: https://lnkd.in/e22SNT4j .
Global bunker indices continue moderate decline
In the 30th week of the year, the Marine Bunker Exchange (MABUX) global indices maintained their moderate downward trend.
The 380 HSFO index dropped by US$11.25 to US$541.69/MT, thus breaking below the US$550 mark. The VLSFO index decreased by US$9.58 to US$643.10/MT, falling below US$650. The MGO index declined by US$12.29 to US$825.51/MT.
"At the time of writing, the world bunker indices demonstrated a slight upward correction," mentioned a MABUX spokesperson. Read more.
Sea-Intelligence sees carriers as “bullish” for the peak season
As we approach the end of the first third of the traditional container shipping peak cargo season, examining the levels of blank sailings and planned capacity deployment for the remainder of the third quarter provides valuable insights into carriers’ confidence for the 2024 peak season.
Sea-Intelligence's following graph illustrates the percentage of blanked capacity scheduled for the rest of the peak season (weeks 29-39) for two major East/West trade routes: Asia-North America West Coast and Asia-North Europe. For the Asia-North America West Coast route, carriers have planned to blank 3.9% of the total capacity. Read more.
Ready to Expand Your Business into Latin America?
Start your journey with Nowports today. Leverage our expertise, innovative solutions, and proven track record to make your entry into Latin America seamless and successful.
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