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Latin America Investment News on Viva Tropical

Open the Wallet, $500 More to Move a Container in Nicaragua

Article Summary:

Increases of up to $500 per container will apply in the coming months to more than 6,000 tons of cargo in the form of exports and imports which move every year in Nicaragua. Watch out, this is not the only increase, because many shipping companies claim to have been accumulating losses since the 2008 crisis, and have announced increases of up to $200 per container on some routes, including the United States-Central America.

Photo Credit: La Prensa Nicaragua

Original Article Text From La Prensa Nicaragua via Google Translate :

$ 500 more to move Ccontainer

Increments up to $ 500 per container will apply in the coming months to more than 6,000 tons of cargo in the form of exports and imports move every year in the country.

The recent increase of between 10 and 20 cents per kilometer, the shipping agents and carriers negotiated for land transport, it could mean increases of up to $ 300 for freight, in the longer stretches as Managua-Puerto Limon (Costa Rica), Managua, Puerto Cortes (Honduras) or Managua Acajutla (El Salvador). But there are no exact figures because the companies make calculations to establish the new rates, said Carlos Perez Baltodano, president of the Nicaraguan Association of Shipping Agents (Anan).

However, this is not the only increase, because the shipping companies that claim to come accumulating losses since the 2008 crisis, have announced increases of up to $ 200 per container on some routes, including the United States-Central America. The most affected would be the maquila, coffee and all products that come to this country by Cortes and Limon ports, explains Perez.

IN TWO MONTHS
According to Alberto Sevilla, vice president of the Nicaraguan Association of Cargo Agents (ANAC), the increases in excess of seven percent will be applied in the next two months as they should be respected and contracts clauses requiring announce the change at least 30 days in advance.

Despite the increase, Eliécer Trillos Pantoja, president of ANAC, estimates that the price movement of the load will remain competitive with the other Central American countries.

However, he notes the need for the government to invest in infrastructure and equipment of the port of Corinth, which has become a strategic port in the Pacific, doubling the amount of shipping it serves and the number of vessels that transport oil and sugar , and just cruising.

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Latin America Investment News on Viva Tropical