Maersk Market Update Latin America – October 2024
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October 21, 2024
To provide you with the latest and most relevant information in the logistics industry, we are sharing our market update for Latin America.
### Key Highlights
#### Undercover Boots: A Growing Brand’s Journey
Undercover Boots is a Panama-based company that produces rain boots, bags, and accessories. This young and ambitious brand stands out with its bold designs and ambitious growth plans. However, the lack of supply chain visibility and difficulty in tracking shipments posed significant challenges for efficient product transportation. These challenges are now a thing of the past. Watch this video to learn how Undercover Boots transformed its supply chain through Maersk’s integrated solutions, accelerating higher growth.
#### Maersk and Hapag-Lloyd Announce Two Ocean Network Options with Industry-Leading Schedule Reliability
In February 2025, A.P. Moller – Maersk subsidiary Maersk A/S and Hapag-Lloyd AG announced the launch of their operational collaboration under the “Gemini Cooperation Program.” The goal is to offer a flexible and interconnected ocean network that aims for schedule reliability exceeding industry-leading levels of 90% once fully implemented.
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### Market Update
#### Major Port Status
In the ECSA region, terminals are facing challenges such as port and yard congestion due to high vessel and cargo volumes, leading to wait times exceeding one day.
In the HUB CARPAC area, terminals are expected to have wait times over two days beyond scheduled berthing times, while vessels arriving on time will not be affected.
In the CARPAC region, particularly impacted terminals include Lazaro Cardenas, Mx, and Manzanillo, Mx, facing challenges of port congestion and low productivity.
Additionally, regions affected by Hurricane Milton include the Caribbean, C4 Atlantic, and the Gulf of Mexico, which may cause operational disruptions exceeding one day in these areas.
In the NAM region, terminals most severely impacted by Hurricane Milton are Freeport and Florida ports, leading to terminal closures.
Other general reasons for increased wait times at other terminals include port congestion, weather conditions, and infrastructure upgrades. Please note that specific impacts and causes may vary by terminal.
In the APA region:
In New Zealand, major reasons for wait times are strong winds, sea events, and maintenance work. For example, Auckland experienced strong winds, while Lyttelton was disrupted due to sea events and upcoming terminal rail maintenance. Napier had longer wait times as high waves halted all vessel activities.
In Australia, wait times are primarily influenced by whether vessels arrive within or outside the arrival window. Vessels arriving on time are prioritized, resulting in shorter wait times. However, those arriving outside the window may need to wait from half a day to two days, depending on the terminal.
For APAHUBS, overall wait times are longer due to concentrated arrivals. However, waiting times at Singapore terminals have improved, although certain berths still face challenges.
In the FEA region, average wait times exceeding one day are caused by adverse weather conditions.
In NEU & SEU regions, some unfavorable weather conditions may affect some terminals; however, no wait time reports have been received yet.
#### Port Status
| | Less than 1 Day | 1-3 Days | 4 – 7 Days | Over 7 Days |
| — | ————— | ——– | ———- | ———– |
| Latin America | Less than 1 day ECSA: Buenos Aires, Pecem, Rio de Janeiro, Imbituba, Sepetiba, Itajai, Navegantes, Zarate, Rosario, Mar del Plata, S Antonio Este, P Madryn, P Deseado, Ushuaia, Vitoria, Vila do Conde HUB CARPAC: Balboa, PSA Rodman, Manzanillo-PA, CCT, Cristobal, Cartagena CARPAC: Buenaventura, Moin, San Lorenzo, Caldera, Rio Haina, Sto Tomas de Castilla, Quetzal, Turbo, Santa Marta, La Guaira, Veracruz, Altamira, Progreso, Kingston, Cuba, Puerto Caballo, Tahiti, Guayaquil/Contecon, Guayaquil/TPG, Puerto Bolivar, Posorja, Callao/APMT, Callao/DPW, Paita, Pisco, Arica, Iquique – ITI, Mejillones-PAG, Antofagasta-ATI, Coquimbo-TPC, Valparaiso-TPS, San Antonio – STI/DPW, San Vicente – SVTI | 1-3 days ECSA: Santos Sao Paulo, Itapoa, Salvador, Montevideo, Manaus, Suape, Rio Grande, Bahia Blanca CARPAC: Corinto, Caucedo, San Juan, Puerto Barrios, Puerto Cortes, Manzanillo,Mx | 4 – 7 days ECSA: BTP (Santos), Paranagua CARPAC: Corinto | Over 7 days CARPAC: Lazaro Cardenas,Mx, Acajutla |
| Rest of the World | Less than 1 day NAM: Montreal, Halifax, Baltimore, Wilmington, Jacksonville, North Charleston, Savannah, Houston, New Orleans, Mobile, Tampa, Long Beach, Los Angeles, Tacoma, Seattle, Dutch Harbor, Kodiak. APA: New Zealand: Nelson, Timaru, Port Chalmers Australia, Patrick (FRE, MEL, BNE, SYD) / DPW (BNE, SYD, FRE) FEA: Qingdao Qianwan Container Terminal: CNTSTQQ Ningbo Zhoushan Port Fourth Phase: CNNPOJ4 Chiwan Container Terminal: CNIWNCT Busan New Port Terminal Co., Ltd.: KRBUSPN Maersk Yokohama Terminal: JPYOKMY Xiamen Songyu Container Terminal: CNXIMSYN EU: Antwerp, Rotterdam, London and Felixstowe, Bremerhaven and Wilhelmshaven, Hamburg, Halmstad and Gothenburg, Kotka. SEU: Moroccan Coast, Fos-sur-Mer, Genoa, La Spezia, Livorno, Adriatic Coast | 1-3 days NAM: Newark PNCT, Newark AMPT, Philadelphia, Port Everglades, Charleston, Norfolk, Oakland, Prince Rupert, Vancouver APA: New Zealand: Auckland, Lyttelton, Tauranga (late arrivals) Australia: Patrick (non-window vessels in FRE, MEL, SYD, BNE) DPW (non-window vessels in BNE, SYD, MEL, FRE) MEL VICT Adelaide FEA: Yangshan, SGH Shengdong Terminal: CNSGHY1 Shanghai Port Group East Container Terminal Branch: CNSGHY3 Shanghai Dongji Box Terminal: CNSGHCT Yantian Container Terminal: CNYATCT | 4 – 7 days NAM: Miami FEA: Shanghai Port Group East Container Terminal Company Branch: CNSGHY4 APA: New Zealand, Napier | Over 7 days NAM: Freeport |
### Road Transport Update
#### Central America, Andean Sea & Caribbean Region
We now offer an expedited trucking solution from the Port of Balboa to Central American countries for faster delivery of general cargo.
### Air Freight Update
#### Central America, Andean Sea & Caribbean Region
Mainly due to seasonal demand increases for coffee and flowers around “All Saints Day,” especially towards Spain. Additionally, there has been an increase in demand on routes to Europe and the Far East. Overall stability is maintained across Central America, Venezuela, and the rest of the Caribbean. The market anticipates strong peak season demand driven by holiday needs.
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