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Article: Circling the Ships.(Brief Article)(Statistical Data Included)
- Article from:
- Revista Latin Trade
- Article date:
- December 1, 1999
- Author:
CopyrightCOPYRIGHT 1999 Freedom Magazines, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Brazil's CVRD carries cargo on coastal routes to fend off foreign competitors.
WITH COMPETITION GETTING VERY FIERCE ON INTERNATIONal shipping routes, what's a Brazilian shipping line to do? Companhia Vale do Rio Doce, the private mining giant, has found an open lane for its ships: coastal shipping, known in the trade as cabotage. Business is so good behind the high walls of protection that the maritime division, called Docenave, is even reaching into Argentina.
Transportation now accounts for about 20% of the company's US$13.4 billion in annual sales. Customers say it's the company's finely tuned transportation network--honed for moving its own ...