Monday, November 20, 2017 | ISSN 0719-241X

Our view: Challenges and opportunities for the Latam industry

Drewry analyst discusses regional outlook for the maritime business
Edition of October 19, 2017

Its been almost 50 years since Drewry began doing analysis on ships, ports, supply chains and all things maritime industry related. From London, Delhi, Singapore and Shanghai Drewry analysts keep a close eye on shipping, bulk, port operations all over the world, advising clients thanks to data and information collected and processed on the company’s various business units.

From a distance –since there are no offices in the Latam region- Drewry consultants agree than the Latinamerican market is an interesting one, although its gone through some pain recently. “We have people who have worked in this region and we monitor it, we have a close look but not direct presence. We would still like to monitor the market form a distance, not having an office here is not causing any obstacle for analysis”, says Dinesh Sharma, Director Drewry Maritime Advisors.

Growing opportunities

Drewry, as a research and analysis company, has consultants that have had direct experience in port and shipping. Experts with sector experience thanks to strategic leadership positions in the industry have a combined skill set that gives the company’s analysis that very special point of view. And from that point of view, Drewry’s consultants all agree on the same: Latinamerica has great potential.

“There are a lot of opportunities in the region, its continously transforming. There are opportunities in Brazil and Peru, both on the container and non container side. Terminal privatization and the dry bulk sector are the ones with the most potential. We see a combined opportunity for terminal operators and financial investors alike in this region”, says Sharma, in exclusive interview with MundoMaritimo during the TOC Americas conference in Lima, Peru.

Overcoming challenges 

According to Sharma, “the big challenge with this region is privatizing terminals. It is the step in the right direction, but not the only solution. The important thing to focus on is improving inland connectivity and looking to transport beyond from just ports. The supply chain behind the port has to be efficient not to create a bottle neck”. 

“The countries in this region need to look at what is best for the region as a whole. The more barriers, the more difficult it will be to be competitive in the global market”, adds Sharma, who points out that since the Latam region is a large supplier of commodities, the main competition with other regions of the world is over price. “Latinamerica needs to move up the value chain by adding stronger infrastructure and improving inland connectivity, getting cargo off the streets and boosting other alternatives, such as inland waterways, looking to use the local goegraphy as an ally to make the supply chain more efficient”.

By MundoMaritimo

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