Port of Santos enjoys best-ever Q1 box volume with a 15pc surge
BRAZIL's Port of Santos reported its best first quarter in history with a 15
BRAZIL's Port of Santos reported its best first quarter in history with a 15.4 per cent jump in container volumes to surpass the 1 million TEU mark.
The Brazilian port saw box liftings increase by 7.6 per cent to 336,250 TEU in March resulting in an accumulated throughput of 1.02 million TEU during the January-March period compared to the same period a year ago.
The port's share of container cargo in the country, based on the latest data released by the National Water Transportation Agency (Antaq) in February, reached 39 per cent, up two percentage points over 2019. The second-best placed port was Itajai (SC), accounting for 12 per cent of Brazil's container handling share, reports Seatrade Maritime News, Colchester, UK.
The first impacts of Covid-19 on the movement of these cargoes began to be felt in the last two weeks of March, since, on average, the travel time on the Asia/Santos route is 45 days. They are expected to become more intense from April onwards, especially in trade with Asia and possibly Europe.
The challenge of mapping out prospects for the movement of containerised cargo in the coming months is extremely high, given the high degree of uncertainty about the economic and social impacts of the pandemic on a global scale.