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Maersk consolidates ops across South America east coast

The world’s top container carrier, Maersk Line, is consolidating its operations in Brazil, Paraguay, Argentina and Uruguay in a bid to cut costs amid falling freight rates.

Antonio Dominguez of Panama will be the new director of operations for the east coast of South America, the company said in a statement from Brazil, reports Reuters. Latin America accounted for around 12% of Maersk Line’s global volumes in 2015.

Maersk’s move follows a host of other boxlines who have slashed their South American operations in recent months.

Last November, Maersk Line outlined huge spending cuts including slashing its global headcount by at least 4,000.

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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