Very complicated set of orders; the arrows map may be completely incomprehensible! The shift in the balance of power, with South America challenging Mexico for the leadership, continues. But Brazil lives to fight another day!
4 retreats needed - Argentina from Tem, Chile from San, Mexico from Haw, and Venezuela from ECS (

Argentina (laurens)
F Rdj S F MBA -> Bah : Resolved
A SPa -> MGe : Resolved
A CAu S A CBo -> Asu : Resolved
F Pal -> PBA : Resolved
F SAO Hold : Resolved
A Cor -> Aco : Resolved
A Aco -> San : Resolved
A Tem S A Aco -> San : Cut from Valparaiso: Retreat
A And S A Aco -> San : Resolved
Brazil (UFOas)
MGr to MGe : Bounced
Asu to Mis : Resolved
Chile (Captain Twig)
F AGU Support Val - TEM : Resolved
A Val - TEM : Resolved
A San – Aco : Bounced : Retreat
Great Britain (GhostEcho)
A Hal -> Mon : Bounced
A SNe -> Ore : Bounced
F Gre -> LAB : Bounced
Mexico (Ceebs)
F SOY->WCS : Resolved
F YUC support F SOY->WCS : Resolved
F GOH->HON : Bounced
A NIC->HON : Bounced
F JAM support F WCS->ECS : Resolved
F CRI->CHG : Bounced
F ALA->NPO : Resolved
F ORE support F ALA->NPO : Cut from SNe
F HAW->MPO : Bounced; retreat
A NLE Hold : Resolved
F NOR->FLO : Resolved
A ATL->MSP : Resolved
A WAS->NYC : Resolved
A NY->NE : Resolved
A MON support A NY->NE : Cut from Hal
F LAB->GRE : Bounced
Peru (cs)
NPO-HAW : Resolved
MPO S NPO-HAW : Resolved
GAL-CHG : Bounced
ECU-GoG : Rebel fleet set fire to itself in the Port and was destroyed with considerable collateral damage
CALI-BOG : Bounced
ANT HOLD : Resolved
CBO-ASU : Resolved
SCR-MGR : Bounced
HUM HOLD : Resolved
GOP S PAN HOLD : Resolved
PAN HOLD : Resolved
Spain (BoomstickS)
F WCS >--> ECS : Resolved
F NCS S F WCS >--> ECS : Resolved
F Pri S F WCS >--> ECS : Resolved
F Ach S F WCS >--> ECS : Resolved
F Mba >--> Bah : Resolved
A Hav Hold : Resolved
A Hai Hold : Resolved
Venezuela (jeanphi)
A PAR –BAH : Bounced
F MAO – Bah : Bounced
F GSE Support F MAO – Bah : Overstretching again, Venezuela!!
F WIN Support F ECS : Resolved
F DEL Support F ECS : Resolved
F GoU support F ECS : Resolved
F ECS Support G Gou : Cut from WCS: Retreats
F CRT – BOG : Bounced