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Tag Archives: Brazil

New Trump tariffs stoke fears for steel and port jobs in Pennsylvania

President Trump said on Monday that he would impose tariffs on steel and aluminum from Brazil and Argentina, a move that could end up Pennsylvanian their jobs PortandTerminal.com, December 4, 2019 PITTSBURGH, PA – On Monday, President Trump announced on Twitter that his administration was restoring tariffs on steel imports from Brazil and Argentina effective immediately. Those new steel tariffs …

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China to make billion-dollar investment in Brazilian port of Sao Luis

PortandTerminal.com, November 15, 2019 BRASILIA, BRAZIL – Reuters is reporting that China will make a $1 billion investment in the Brazilian port of Sao Luis via China Communications Construction Company, two sources with direct knowledge of the matter said on Wednesday. During a visit by Chinese President Xi Jinping to Brasilia this week, China is expected to announce a $1 …

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Brazil Oil Auction a ‘Total Disaster’ as Bidders Stay Away

November 7, 2019 by Reuters By Marianna Parraga, Gram Slattery and Marta Nogueira RIO DE JANEIRO, Nov 7 (Reuters) – Major global oil firms snubbed a second Brazilian oil auction in a row on Thursday, passing up promising offshore blocks and forcing officials to reconsider a bidding system that gives a privileged position to state-run Petroleo Brasileiro SA. The only block awarded …

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“No Proof”: Greek ship manager denies Involvement in Brazilian oil spill

The CEO of Petrobras warned the oil spills in Brazil’s northeast may be the worst environmental incident in the country’s history. PortandTerminal.com, November 3, 2019 SAO PAULO, BRAZIL – The manager of an oil tanker being probed by Brazilian authorities in connection with an oil spill off the country’s coast has found “no proof” of the vessel conducting activities that may have …

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Brazilian Police raid Greek shipping company linked to oil spill on its beaches

November 1, 2019 by Reuters By Gram Slattery and Pedro Fonseca RIO DE JANEIRO, Nov 1 (Reuters) – Brazilian police on Friday raided the offices of a Greek company as they investigate an oil tanker carrying heavy Venezuelan crude that was allegedly spilled at sea, tarring thousands of kilometers of Brazil’s coastline over the past two months. Prosecutors said they had narrowed suspects down …

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France says it will block EU trade deal with Brazil over Amazon forest fires

PortandTerminal.com, August 25, 2019 France will block an EU trade deal with Brazil and its neighbours over the country’s handling of fires in the Amazon rainforest, a spokesperson for Emmanuel Macron said this week. PARIS, FRANCE – Brazil’s Amazon rainforest is in flames, burning at the highest rate since 2013 when that nation’s space research center first began tracking fires there. The Amazon …

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China Turns Back to Brazilian Beans After Trade War Escalation

Soybeans being harvested

Bloomberg News, August 2, 2019 Chinese buyers are turning to Brazilian soybeans after another escalation of tensions between the U.S. and China. Buyers from the Asian nation are bidding for Brazilian soy for shipment in August, September and October, according to people familiar with the matter who asked not to be identified because talks are private. China is seeking to …

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Box terminal goes bust in Brazil

Grupo Libra will close its Libra Terminais operation at the Port of Santos, after CMA CGM switched three services to other terminals and the terminal operator feels the strain of its struggle with debt. The Brazil-based terminal operator confirmed that the last sailing from T-35 and T-37, which handle around 526,000 teus of annual cargo, would be on 29 April …

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China looks to Brazil instead of America to supply soybeans

PortandTerminal.com, March 13, 2019 Who’s winning the US-China trade war? When it comes to soybeans, Brazil is. The South American nation is capitalizing on the instability caused by US President Donald Trump’s trade war to profit from both China and America in soybean trade. China’s appetite for soybeans China crushes soybeans to create soymeal which it uses to feed its …

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