South America – Page 19
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NewsMinister: Argentina must consolidate ports
The Under Secretary of Port and Inland Waterways of Argentina’s Ministry of Transport has stressed the need to consolidate ports in the country to both boost tourism and regional economies.
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News$1bn injection into Rosario’s ports
Argentina’s Minister of Transport, Guillermo Dietrich, has welcomed favourable government tax policies that have been responsible for a raft of new investment in ports in the Rosario Metropolitan area, which currently handles around 80% of trans-Andean agricultural output.
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Cuba to upgrade Nuevitas/Tarafa port
The Cuban government is to spend $40m on developing the Port of Nuevitas into one of its largest capacity facilities and to make it the second leading port in the country. It currently handles just 250,000 tonnes annually.
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CMPort to acquire 90% of TCP
China Merchants Port Holdings (CMPort) is set to acquire a 90% stake in Terminal de Contêineres de Paranaguá (TCP) from the Brazilian terminal’s founding shareholders and global private equity company Advent International.
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Brazil to identify 15 new terminals for concession
As part of Brazil’s second Partnership and Investment Programme (PPI), the federal government is hoping to put out to concession a further 15 port terminals, in addition to other facilities given over to transport. The aim is to attract investment of $6.2bn.
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New Buenos Aires port plan ready
According to the Argentinean Ports Directorate (AGP), the design of the new Buenos Aires port is ready, although will not yet be made public.
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Buenos Aires province boosts port competitiveness
In Argentina, representatives of the Under-secretary of Ports and Navigable Waterways of the Ministry of Transport have met with representatives of the public ports of the Province of Buenos Aires to investigate new ways of boosting the competitiveness of the sector, particularly in reducing logistics costs.
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NewsNew dynamics
The expanded Panama Canal is driving change in Central America. Felicity Landon reports
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Grupo Argos sells Compas share
Grupo Argos has announced that it has sold its 50% share in port operator Compañía de Puertos Asociados (Compas) to an investment fund managed by Goldman Sachs for around $136m, Reuters has reported.
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NewsDelays at KFT due to existing operational system
Delays at KINGSTON Freeport Terminal following an operating system switchover were allegedly caused by existing issues.
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Latin America box traffic reverses declines
Recently released figures from the Economic Commission for Latin America and the Caribbean (CEPAL) show that regional ports boosted container traffic by 6.7% in the first quarter of 2017.
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NewsPeru laments cost of box handling
Handling containers in Peru is overly expensive, according to the Lima Chamber of Commerce (CCL).
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Mitsui moots Nicaragua ports investment
Nicaragua’s Official Investment Agency ProNicaragua has held talks with Japan’s Mitsui regarding possible funding of port projects.
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New information highway at Lirquén port
TEKSO, which specialises in the capture and transmission of data, has designed and implemented a solution for the Chilean Port of Lirquén, allowing it to communicate with its clients and workers in real time.
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Santos draft restrictions cost $35m per week
It has been estimated that the reduction of operational draft at the Port of Santos could be costing shipping companies in the region of $35m per week.
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Compas Port concession modified
The Colombian government’s National Infrastructure Agency has given the green light for modifications to be undertaken to the concession agreement for Compas Port, in which a total of $93m will be invested.
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APMT proposes Callao design amendment
Javier Lancha, the managing director of APM Terminals Callao, has confirmed that the company put forward in March proposals to modify its existing concession contract, which currently prioritises containerised cargo.
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Veracruz stretched to over-capacity
Congestion at the Mexican Port of Veracruz has now become so bad that some consignments are being diverted to other domestic ports, claims Leobardo Saldívar, president of the National Chamber of Cargo Carriers (Canacar).
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TCP fined again; second box terminal mooted
In Uruguay, the National Ports Administration (ANP) has fined Terminal Cuenca del Plata (TCP) for failing to handle an agreed minimum number of containers between July 2016 and June 2017. It has therefore had to pay a total of $950,000. In June 2016, it had previously been fined $358,000.
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Legal intervention over at TCQ
Alexander Aizenstatd, the interventor appointed by Guatemala’s Extinción de Dominio Court to oversee Terminal de Contenedores Quetzal (TCQ), has confirmed that, during his time there, no further complaints or legal action had been brought and that his job is now ended.
