According to the PortoseNavios website, Maersk report indicates that hopes for resumption of Brazilian foreign trade in 2020 have fallen.
According to PortoseNavios, "For the largest shipper in the world, there is a possibility of recovery only for 2021 due to the slower global scenario, due to the trade war between the largest powers in the world - China and the United States -, and Brexit, with the departure of the Great Britain of the European Union. In the regional context, the Argentine crisis compresses Brazilian exports, while in the local context the reason is the poor logistics infrastructure of the country".
In an interview with the newspaper Folha de S. Paulo, Maersk's Head of Product Management of the East Coast in South America, Matias Concha, stated that "unfortunately Brazil is failing to materialize external opportunities. This is the case of the real, whose devaluation is favorable for exports."
For him, the Brazilian government needs to invest in "in transportation, logistics, and infrastructure. If they do not occur, they will prevent Brazil from taking advantage of its potential."
Asked by NSC Total, if any embargoes by Brazilian positions, especially in the environmental area, could impact the market, Concha stated that "any barrier, any difficulty for trade is a concern. Whether an embargo, tax or tariff. We experienced this last year, we had a blockade of Brazilian protein exports to Russia, and that had an impact. What happens is that after 15 months of importing Brazilian meat, they were able to find different providers and today they can live without the need for Brazilian meat."
