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Research and Markets has announced the addition of the "Brazil Shipping Report Q4 2011" report to their offering, Business Wire reports.
In Q411 BMI believes that growth in the Brazilian port sector will continue on the back of exports to Asia, particularly China, and rising domestic consumer spending, which should see increased demand for containerised goods. The pace of growth at Brazilian ports has been rapid and BMI notes that Brazil's ports have not yet developed the infrastructure needed to handle increasing throughput levels. Its ports are poor by international standards, ranking 126th out of the 133 nations surveyed in the World Economic Forum's 2010 Global Competitiveness Report.
BMI maintains its long-held view that Brazilian ports will see more delays and congestion in 2011 because of a lack of port capacity and inadequate landside infrastructure. BMI stresses the urgent need for increased capacity in the country's ports to enable them to handle Brazil's rapidly increasing trade volumes. Although there is significant private investment forthcoming, lengthy legal and bureaucratic processes are delaying action on this pressing issue.
BMI expects more delays at Brazil's main sugar exporting ports during this year's harvest. While last year's crippling delays were exacerbated by a record crop, this year vessels have been left waiting as a result of a slow start to the harvest and poor crop yields, meaning there is simply not enough sugar to load. BMI believes that although the harvest may well pick up, resulting in quicker loading times, vessels are still likely to experience delays due to Brazilian ports' antiquated infrastructure.
In Q411 BMI believes that growth in the Brazilian port sector will continue on the back of exports to Asia, particularly China, and rising domestic consumer spending, which should see increased demand for containerised goods. The pace of growth at Brazilian ports has been rapid and BMI notes that Brazil's ports have not yet developed the infrastructure needed to handle increasing throughput levels. Its ports are poor by international standards, ranking 126th out of the 133 nations surveyed in the World Economic Forum's 2010 Global Competitiveness Report.
BMI maintains its long-held view that Brazilian ports will see more delays and congestion in 2011 because of a lack of port capacity and inadequate landside infrastructure. BMI stresses the urgent need for increased capacity in the country's ports to enable them to handle Brazil's rapidly increasing trade volumes. Although there is significant private investment forthcoming, lengthy legal and bureaucratic processes are delaying action on this pressing issue.
BMI expects more delays at Brazil's main sugar exporting ports during this year's harvest. While last year's crippling delays were exacerbated by a record crop, this year vessels have been left waiting as a result of a slow start to the harvest and poor crop yields, meaning there is simply not enough sugar to load. BMI believes that although the harvest may well pick up, resulting in quicker loading times, vessels are still likely to experience delays due to Brazilian ports' antiquated infrastructure.