The Rapid Expansion of Larger Container Ships on South American Routes

In recent years, the size of container ships on South American routes has been rapidly increasing, drawing attention to the potential market impacts of this trend.

Ports in countries like Peru are enhancing their facilities to accommodate larger vessels, positioning the South American market as a promising area for future growth.

Background on the Expansion of Larger Container Ships on South American Routes:

The rapid expansion of larger container ships on South American routes has been notable.

Over the past 12 months, the total tonnage has increased by approximately 4.7%, marking the highest growth rate among major routes.

This trend is believed to be driven by the growing demand in the South American market.

New Investments in Peruvian Ports:

In Peru, the Chinese shipping company COSCO is set to open a new facility equipped to handle larger vessels.

This development is expected to facilitate the entry of even more large ships into South American routes, further invigorating the market.

Spotlight on the Potential of the South American Market:

Countries such as Peru, Chile, and Brazil have vast territories and significant market potential, with expectations of substantial growth in the future.

The involvement of Japanese companies in this market is particularly noteworthy, and how deeply they can penetrate the market is a key point of interest.

Japan’s Interest Remains Low:

While interest in markets like India and Africa is growing in Japan, the South American market has yet to receive significant attention.

However, those actively engaged in the South American market remain optimistic about its future growth.