South America

COSCO SHIPPING Ports’ 60% acquisition of Chancay Terminal in Peru, South America is a natural move in line with China’s economic strategy, a ports expert has said.

COSCO SHIPPING Ports Limited will establish its first greenfield subsidiary in South America by acquiring 60% stake in Terminales Portuarios Chancay S.A. (Chancay Terminal) from Volcan Compañía Minera S.A.A. for US$225m, with…

DP World is set to expand into Chile after signing an agreement for a 71.3% stake in Puertos y Logistica S.A. (“Pulogsa”) from Minera Valparaiso and other shareholders associated with the Matte…

The Mayor of the Colombian city of Barranquilla has declared the lack of draft in the main port as a national emergency.

Contecon Guayaquil SA (CGSA) has become the first port in South America to obtain carbon-neutral certification following its efforts to implement sustainability initiatives and incorporate technologies that reduce its operational impact.