TCP fined again; second box terminal mooted

In Uruguay, the National Ports Administration (ANP) has fined Terminal Cuenca del Plata (TCP) for failing to handle an agreed minimum number of containers between July 2016 and June 2017. It has therefore had to pay a total of $950,000. In June 2016, it had previously been fined $358,000.

TCP saw throughput drop 15.6% in the first six months and 7% in June of this year.

Majority owner, Belgium’s Katoen Natie, had already put the business up for sale, along with all its other business interests in the country, to concentrate on more added value logistics.

Separately, Uruguay’s Transport Minister, Víctor Rossi, has not ruled out a second box terminal opening at Montevideo.

“TCP is one, but we also have a grain terminal and we are going to have a cellulose terminal, but this doesn’t stop us from other types of developments; we’re not ruling that out,” he said.

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