NORTH AMERICA

Katoen Natie Terminal hits out at Uruguay administrator

17 years ago

The president of Katoen Natie Terminal TCP is on the verge of handing over a Trigger Letter to the Uruguayan government if it passes a law allowing for another dedicated container terminal to be built in Montevideo.

Port Strategy: TCP president Joris Thys is frustrated with Montevideo plans

Joris Thys has said that container flows in Montevideo do not justify another box terminal for at least another 10 years but the ANP, the administrator of Uruguayan ports which holds a 20% share in the Belgian’s TCP operation, claims more container capacity will be needed within the next four years.

Mr Thys told Port Strategy: “To us, it is a clear breach of contract by the Uruguayan government and after all the investments we have made in good faith, we have no alternative.”