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November 6, 2009
Imports of Japanese cars into Brazil are growing in spite of the global economic crisis, according to Seatrade Asia Online, particularly Hyundai imports built in Korea and Mexico. The Brazil real is flourishing against the Korean won, making Korean imports some 20 percent cheaper than they were a year ago. Additionally, the government of Luis Inacio Lula da Silva has chopped domestic and import taxes to bolster the car market, according to Seatrade.
NYK Line operates services from Brazil and Argentina to North America and Mexico. Car Carriers K Line and MOL operate roll on, roll off services worldwide from South America’s East Coast. An NYK Line executive told Seatrade that his company’s northbound service to the U.S. was operating at 65 percent capacity northbound and 50 percent southbound.
Tags:
Car carriers,
Hyundai,
NYK Line,
ro-ro,
roll-on roll-off
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