HPH gives $1m bond to Manta

The aim is to convert Manta into a regional hub. If everything goes according to plan, HPH could assume management of the port in early 2007. The concession process has been personally guaranteed by the country’s president, Alfredo Palacio.

Meanwhile, Maersk has abandoned calls at the Ecuadorian port of Manta, where it currently handles around half of all containers (20,000 teu/year), for ‘commercial reasons’.