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ICTSI: New service links TecPlata to Paraguay, Brazil | Hellenic Shipping News Worldwide

ICTSI: New service links TecPlata to Paraguay, Brazil TecPlata, International Container Terminal Services, Inc.’s Argentinian subsidiary, recently welcomed a new service that links the ports in Paraguay to the Port of La Plata, and from there, to the main ports in Brazil. The service, which made its first stopover in TecPlata on 9 March, is jointly operated by Independencia Shipping Lines (ISL) and Log-In Logistica Intermodal using regular maritime services that currently operate in the region. The ISL-owned ship Independiente arrived from the Asunción Port in Paraguay, carrying cargo for transshipment to Brazil via the Log-In vessel Jacaranda, which left TecPlata on the same day. This particular logistics link offers customers an unbeatable transit time in addition to very competitive costs, while establishing TecPlata’s important role as a logistics hub for Argentina and the Mercosur region.

Surge in COVID cases to weigh down stocks

Published March 8, 2021, 6:00 AM Trading at the local stock market this week is seen to be weighed down by the surge in COVID-19 cases as well as the impact of high inflation while corporate earnings and the employment report may provide some relief if there are any positive surprises. “Next week, the local market may decline on the back of COVID-19 concerns and elevated inflation expectations,” said Philstocks Financial Senior Analyst Japhet Tantiangco. He noted that, “The resurgence of COVID-19 cases including the increasing number of those with the more infective strains from the United Kingdom and South Africa may weigh on market sentiment due to the adverse impact it can have on the economy.”

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