Despite Brazil’s recent emergence from recession following modest growth in the second and third quarters of 2017, many sectors in Latin America’s most populous country have yet to benefit from the gradual uptick in economic activity.
“It takes time to reach all the connections in the chain,” said Roberto Lovesio, managing director in Brazil for shipper and freight forwarder Martin Bencher. “We expect something better next year.”
Martin Bencher established an office in Brazil in 2011 and mainly focuses on the transportation of breakbulk to the country’s wind power industry, as well as some airfreight cargo. The company operates out of Suape port in the northeastern state of Pernambuco and Santos port in the southern state São Paulo.
Brazil is the largest producer of wind power in Latin America, providing a lifeline to many shippers transporting turbines and other machinery needed for renewable energy generation after global oil prices collapsed in 2014 and drilling ground to a halt.
According to a ranking released by the Global Wind Energy Council, an international organization specialized in wind energy, Brazil expanded its wind power installed capacity by 2,014 megawatts in 2016, placing it fifth in the world ranking of installed capacity growth for the year.
Image Credit: Martin Bencher Group
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