‘No conflict of interest’ at Montevideo

TCP is located at the Port of Montevideo in Uruguay Photo: A.Davey/flickr/CC BY-NC-ND 2.0 TCP is located at the Port of Montevideo in Uruguay Photo: A.Davey/flickr/CC BY-NC-ND 2.0

Uruguay’s Minister of Transport, Víctor Rossi, has dismissed accusations of any conflict of interest, given that the National Ports Authority (ANP) continues to hold a 20% stake in Terminal Cuenca del Plata (TCP).

He was forced to defend the government’s position given that majority owner, Katoen Natie (80%) is attempting to divest itself of its shareholding. 

“There is no such conflict of interest… The ANP and the Ministry of Transport are clear: our obligation is to look at the activities and the players as a whole, and guarantee their participation.”

The Minister points out that the state holds a stake in TCP for historical reasons only and that its main role is to oversee the national port network.

He added that he remains highly interested in potential bidders, among which is MSC, which is a partner in the Ultramar Group’s operations at Terminal Pacífico Sur, in Valparaíso, Chile. Ultramar is effectively the main rival to TCP in Montevideo, since it owns the operator Montecon.


Very first installations by new SFT Spanish office

Our new office in Spain is not even a year old and we already celebrate two successfully completed i... Read more

CM Labs Expands Lineup of Port Training Solutions with ITV Simulator Training Pack

Montreal, QC, June 20, 2018 — At TOC Europe 2018 (Stand D40), CM Labs Simulations, the world leader ... Read more

Training programs further develop steel production facility

ShibataFenderTeam has a new welding supervisor for the steel fabrication at our production facility ... Read more

ShibataFenderTeam continues involvement in Surinam

Since 2012 ShibataFenderTeam fenders support the smooth berthing operations from VABI in Surinam. Read more

Enhanced Hazcheck Restrictions Portal Launched, 1 May 2018

Exis Technologies, with the support of leading shipping and freight insurers, TT Club and UK P&I Clu... Read more

Successful participation and presentation at exhibition in Beira, Mozambique

The exhibition series ‘Intermodal Africa’ organized by Transport Events is always a good possibility... Read more

View all