South America

The Mexican government has cancelled the tender to build a new container terminal - as well as rail link to the US - at the port of Punta Colonet.

Competition authorities in Chile have given the go-ahead for incumbent operators in the countrys V region to bid for the concession to operate the new Terminal 2 at the port of Valparaiso.

Brazils President Dilma wants to see an investment explosion in the ports sector, where an estimated $26bn of state and private funding is earmarked.

The current round of bidding to expand and operate the Ecuadorian port of Manta has been abandoned, following a lack of bids from interested parties.

Brazils president Dilma has agreed the final shape of a new ports package, including a set of ambitious measures in terms of both investment and ‘light’ changes to the regulatory framework.

Santos is the second worst port in Brazil in which to do business, according to a survey undertaken by the Institute of Logistics and Supply Chain.