Shipping Lines Choose Montevideo Amid Price Hike

News: International shipping lines have shifted transit cargo from the Argentine port of Buenos Aires to the Uruguayan port of Montevideo, owing to a hike in costs at Argentina's ports, reports Port Strategy. The increase was due to the adoption of Resolution 3433 by Argentina's Federal Administration of Public Revenue in March, and is expected to increase the cost by at least US$375 for twenty-foot containers and by up to US$2,000 for forty-foot containers. The move has affected Paraguay most, as its main export outlet is the Port of Buenos Aires.

This article is tagged to:
Sector: Freight Transport, Shipping
Geography: Argentina, Argentina, Paraguay, Uruguay, Argentina, Argentina

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