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East Coast South America Maritime and Logistics News and Analysis

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ALADI – Latin American Integration Association

The Latin American Integration Association (ALADI) is a regional organization created with the objective of promoting economic integration and the development of countries in Latin America and the Caribbean. Founded…

Blank Sailing

The term “blank sailing” in navigation refers to a practice adopted by maritime shipping companies, especially in container shipping operations, where a specific ship scheduled for a particular voyage fails…

Bulk Carrier

A bulk carrier, also known as a bulk cargo ship, is a specific type of vessel designed to transport large quantities of dry bulk cargo. This dry bulk cargo can…

Bulk Cargo

Bulk cargo is a term used in logistics and transportation to describe a type of commodity that is handled and transported without the need for individual packaging. Instead, bulk materials…

Turning Basin (Maneuvering Basin)

A Turning Basin, often referred to simply as a “turning area” or “turning circle,” is a vital element of maritime infrastructure that plays a pivotal role in the safe navigation…

Shipowner

In the maritime transportation context, a shipowner or ship operator (“armador” in Portuguese) is an entity or company responsible for the operation and management of merchant ships and commercial vessels.…

Bonded Warehouse

A customs bonded warehouse is an essential facility in international trade and plays a crucial role in the efficient management of goods entering and leaving a country. This type of…

Trade Balance

A country’s Trade Balance is the difference between exports and imports in a given period (such as a month, quarter, or year). It is usually expressed in terms of value,…

Non-Vessel-Operating Common Carrier (NVOCC)

A Non-Vessel-Operating Common Carrier, mostly known as NVOCC, is a classification of OTIs that transport goods without owning any ships. Typically, NVOCCs transport small volumes of cargo that are grouped…

Glossary of Foreign Trade and Shipping Terms

A AFRMM – acronym for Brazil’s “Additional Freight Rate for the Renovation of the Merchant Fleet.” It is an addition to the freight rate charged by Brazilian and foreign shipping…