Costa Rican port faces operational collapse

The Costa Rican Pacific ports institute, Instituto Costarricense de Puertos del Pacifico (INCOP), has claimed that the Port of Caldera has effectively reached a point of collapse, with few options open to it under the existing operations contract.

INCOP’s executive president, Juan Ramón Rivera, said that negotiations are underway, as are technical, legal and financial studies aimed at implementing improvements.

Since 2006, the port has been operated by Caldera Port Company as part of a 20-year concession. With seven years still to go, a longer-term extension is under review, as are the terms and conditions of the concession, which only allows the concessionaire to provide handling services, but not make improvements.

It is estimated that the port needs around $150m for immediate civil works, with a further $100m within five to six years. However, existing limitations mean that the current concession can only run for a maximum of 30 years, which would be insufficient for the concessionaire to guarantee a return on its investment.

LATEST PRESS RELEASES

*** Welcome to ‘Terminal Automation for Everyone’ ***

We are extremely pleased and excited to be sharing this latest piece of news, that sees the formal p... Read more

*** Jacobs & Trent Partnership Announcement ***

Jacobs Engineering, a global leading provider of ports and maritime consulting and design services, ... Read more

Giant Donut Fender to protect lock entrance at the Port of Bremen

In May 2019, ShibataFenderTeam delivered a giant Donut Fender with an outer diameter of 4200mm and a... Read more

Powered by SAMSON The New Generation STORMAJOR®

The new, updated design promises to improve handling and stability in the loading and reception of a... Read more

Dellner Couplers Group acquired by EQT

We are pleased to announce that EQT has signed an agreement with Dellner’s current owners to acquire... Read more

Yara takes Siwertell ship unloader to the world's furthest reaches

Bruks Siwertell has completed the on-time installation and successful performance tests of a new 600... Read more

View all