Buenos Aires losing transit cargo to Montevideo

Industry Database

Resolution 3433, which was adopted by Argentina's Federal Administration of Public Revenue in March, has resulted in a hike in costs at the country’s ports.

A change in rules means that a new affidavit, including information not previously asked for, has to be submitted for all transit cargo. This means adding at least $375 to most 20 foot containers and up to $2,000 for a full inspection of a 40 foot box.

Maersk, Hamburg Sud, CMA CGM, CASV, China Shipping, MSC, Cosco and Evergreen have all reportedly shifted cargo from Buenos Aires to Montevideo as a result.

Paraguay has been worst hit, given that its main export outlet is the port of Buenos Aires, which is used by Argentinean shipping lines to tranship cargo bound for Asunción using inland waterway vessels.

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