A freighter registered in Panama grounded on the Canal this Thursday (9), but according to the Suez Canal Authority, the incident has been resolved, and traffic has not been interrupted.
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Brazil supplies grains to and imports fertilizer from the Middle East. This ensures smooth logistics when it comes to bulk shipping. Container shipping is a different beast, and problems arose as soon as the pandemic broke out.
Cotunduba Canal work hours will change to 24/7 still this year, cutting costs to ship operators and cargo owners.
The Maritime Transport Group (GATMA) reached an agreement with wheat and powder milk industry associations that provides for the use of Algerian-owned vessels in imports.
From November to April, cruise liner travel along Brazil’s coast are expected to gross over BRL 2 billion.
