Congestion crisis in LATAM and European ports boosts tariffs and affects exports

Published Nov 4, 2024

Tridge summary

Port congestion and logistics disruptions are causing a significant increase in export costs and affecting international markets, particularly in Latin America and Europe. The situation is worsened by changes in loading and unloading schedules, work stoppages, and congestion, leading to higher costs and slower delivery times. In Latin America, export rates have risen, causing pressure on exporting companies, and in Europe, maritime transport services are experiencing modifications due to altered port rotations and cancellations. KLog.co is responding by implementing digital tools that allow companies to monitor their shipments and receive instant alerts in the event of delays or changes in itinerary.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Port congestion and logistics disruptions are increasing export costs, significantly impacting international markets. The latest maritime trade update reveals a challenging outlook for global trade routes, where congestion and port delays are hampering operations, particularly in Latin America (LATAM) and Europe. Export rates have seen a notable rise, and changes in loading and unloading schedules are affecting the efficiency of shipments. Latin America: Increased rates and work stoppages In LATAM, delays in the departure of vessels have been significant, especially on North-South routes. According to Roberto Katz, Executive Director of KLog.co, “The region is facing unprecedented operational challenges, with work stoppages and congestion limiting the fluidity of exports. This directly affects the competitiveness of our exports, as it raises costs and slows down delivery times.” Ports on the east coast of South America, such as those in Brazil and Argentina, have seen increases in ...

Source: Revistaeconomia