North America

Spanish company Repsol-YPF has made an initial payment of $3.4m to the port authority of Mexicos Lazaro Cardenas port as part of its concession to establish an LPG terminal there.

Mexicos Transport Ministry (SCT) claims that five current LNG terminals will absorb $3bn in investment.

Attempts by the federally owned Docas management company of the Brazilian port of Rio de Janeiro to attract new business to the port are being seriously questioned by local companies.

Iquique Terminal International (ITI), which began a 20-year management concession of the northern Chilean port in 2000, boosted net profit by 109% in 2003 to $1.28m.

The International Finance Corporation (IFC), the private sector arm of the World Bank, will provide a $15m loan to San Vicente Terminal Internacional (SVTI) which operates Chiles SanVicente port, specialising in forest…

SVTI was awarded a 15-year concession in 1999 to rehabilitate, expand and operate the port. SVTI is a 50/50 joint venture between Carrix, Inc. and Sudamericana Agencias Aereas y Maritimas S.A.Jose Luis…

Bunge Alimentos of Brazil has brought in a new mechanical ship unloader at the port of Recife to speed up the discharge of wheat from Argentinean bulk carriers.

Following months of debate, Perus Transport & Communications ministry has issued regulations governing a new National Port Law. An 11-person directorate has been established with a remit to determine the best way…

Three bidders have been selected to bid for Puerto Ricos Puerto de la Americas container terminal development project, which is centred on the two southern coastal towns of Ponce and Guayanilla. Two…