COVID-19's Impact on Container Transport in Latin America Remains Manageable, an Industrial Info Market Brief

Container demand in Latin America has dropped thanks to COVID-19, but not as much as feared. Shipping companies have not only maintained stability of rates, but also are demanding and receiving renewal premiums so as not to lose previously contracted containers. In addition, container tariffs remain despite falling demand. The movement of merchandise continues to increase, and the sector is expected to recover the demand levels prior to the pandemic. Industrial Info is tracking 280 operational ports in Latin America that maintain 1,751 active projects worth $36 billion.