Global operator boosts Latin America portfolio

Pulogsa operates a long-term concession for Puerto Central (PCE) in San Antonio, in Chile’s Central Region V as well as owning and operating Puerto Lirquen (PLQ) in Chile’s Southern Region VIII. Under the tender process DP World will offer US$502mn1 in consideration for 100% equity ownership.

Sultan Ahmed Bin Sulayem, group chairman and CEO of DP World, said: “These new assets will allow DP World to serve cargo owners and shipping lines at five key gateways on the west coast of South America in Posorja (Ecuador), Callao and Paita (Peru) and San Antonio and Lirquen (Chile). PCE and PLQ are both ‘best in class’ terminals in their respective markets, with long-term operating rights, strong cargo diversification and significant capability for expansion.”

The transaction is expected to be finalised in the first half of 2019.

San Antonio-located multipurpose terminal PCE is one of the country’s largest container ports (over 1MN TEU capacity) with recent infrastructure investments, making it the most modern terminal in Chile. PCE has the potential for further capacity expansion for both container and non-container operations.

PLQ is a multipurpose terminal incorporating long term maritime concessions with freehold land ownership, which handles containers, break-bulk and dry bulk. The port is strategically positioned to benefit from the well-established pulp and lumber industry in Southern Chile.