Katoen Natie seeks to stop second Montevideo box terminal

Katoen Natie has asked for international arbitration on the matter, as well as threatening to reduce its own investments in the port because of the threat of a new competitor.

The company argues that not only has it seen a drop in throughput of up to 20% this year, but this could worsen considerably if an alternative box terminal is built.

In 2009, TCP is set to undertake 350,000 container movements, whereas a minimum of 700,000-800,000 movements would be necessary to justify current investment levels.