Maersk Line combines East South America operations to cut costs
By: Reuters | Feb 17 2016 at 05:40 PM | Liner Shipping
Maersk Line said it was 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. Latin America accounted for around 12 percent of Maersk Line’s global volumes in 2015.