- CS sees another record of nominations in the third week of the year.
- Just in CS, over 500kmt were added to the raws line up – January nominations stand at 1.55mmt.
- Maintenance and grains limit the sugar export capacity in Santos.
CS Brazil Exports
- This week, 533kmt of raws were nominated in CS – the strongest third week of the year on record.
- So far, total nominations stand at 1.55mmt, with 1mmt sailed to date.
- We are still expecting around 1.7mmt to be nominated this month, but logistics could limit the volume effectively exported in January.
- At the current pace of operations, January could see 200kmt rolled into February – which already has 300kmt nominated.
- Rumo has maintenance until the 12th of February and Tiplam’s maintenance goes until the end of the month.
- Additionally, with TEAG and T-12A not loading sugar, there is limited export capacity expected in Santos for the next 2 months.
- Waiting time to berth remains low, but we are keeping an eye out for any logistical disruptions.
Destinations
- Out of the new nominations this week, 90kmt are for Algeria – nominations are already half of the volume registered over Q1 last year.
- Two vessels for Malaysia totalling 72kmt this week.
- For more details on Brazilian exports, have a look at our interactive data: Global Shipments.
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