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Shipping companies expand cargo supply in South America By David Ramirez The rapid expansion of foreign trade in Latin America in recent years boosted port infrastructure and services in the region. For example, container capacity offered by maritime transportation companies operating South American shipping routes soared by 45 percent in 2010-15, reaching 166,000 20-foot Equivalent Units (TEUs, a unit of container cargo capacity) per week last January. The bulk of the existing shipping capacity is concentrated in routes going from South America to Asia and Europe, principally reflecting the fast growth of commodity exports to these markets since the mid […]
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