South America – Page 12
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NewsDebt and service losses force terminal closures
Grupo Libra will close its Libra Terminais operation at the Port of Santos after CMA CGM switched three services to other terminals and the terminal operator feels the strain of its struggle with debt.
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NewsStrikes hang over Brazil's leading port
Casual dockworkers supplied by OGMO at Santos, South America’s largest port for containers, have entered their third week of strike action and continue to demand a return to 25% of the shift allocation.
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Future of Valparaiso Terminal 2 at risk
Terminal Cerros de Valparaiso’s (TCVAL) decision to quit the Port of Valparaiso’s Terminal 2 project will set the initiative back by years and slow the expansion of port capacity in Chile, according to recent analysis.
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NewsNicaragua unveils port investment strategy
Nicaragua’s national port company Empresa Portuaria Nacional has revealed details of investment opportunities available in the ports of Corinto, Puerto San Juan del Sur and Bluefields.
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NewsTecPlata ready for regular business
Bruno Porchietto, chief executive of TecPlata, the container terminal at the Port of La Plata in Argentina, has revealed that the facility is to commence regular operations on April 2.
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NewsChilean ports post mixed-volume figures
Five of Chile’s publicly-owned but privately-managed ports reported losses in 2018. Arica, Iquique, Coquimbo, Valparaíso and Chacabuco all posted lower figures last year than they did in 2017.
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NewsBrazil readies ten new concessions
In Brazil, incoming President Jair Bolsonaro has announced that the port secretariat is to issue tenders for ten port concessions in the first six months of this year. Of these, four will be published in March, in line with a previous announcement made at the end of 2018.
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NewsCompetition ‘assured’ for Buenos Aires
Gonzalo Mórtola, head of Argentina’s general ports administration Administración General de Puertos, has unequivocally stated that the decision to replace three existing container terminal concessionaires at the Port of Buenos Aires with just one is the way forward.
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NewsMajor investment boon for Peru’s ports
In Peru, it will be the ports sector that receives most infrastructure investment in 2019.
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NewsPosorja port environmental objections
Environmental objections have been raised to the DP World-backed Posorja deepwater port project in Ecuador.
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NewsA year to forget for Santos
Alex Hughes explains why 2018 will be one that Latin America’s largest port will not want to remember
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NewsChancay fits China investment strategy
COSCO SHIPPING Ports’ 60% acquisition of Chancay Terminal in Peru, South America is a natural move in line with China’s economic strategy, a ports expert has said.
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Abu Dhabi fund to bankroll Brazilian port
The Abu Dhabi Fund for Development (ADFD) is to fund construction of the São Mateus private port project, located in the north of the state of Espírito Santo in Brazil. In total, the ADFD will make available $2.55bn of the $3bn total cost.
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Expressions of interest for new Uruguay port
The National Ports Administration of Uruguay (ANP) has invited “expressions of interest" for a project to build and operate Punta Sayago Logistics Port. Interested parties can lodge their interest from March 1, 2019 to June 30, 2019.
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Valparaíso reels from strike blows
2018 was not a good year for container traffic at the Chilean Port of Valparaíso, which registered a 15.9% drop in throughput. For the year, traffic amounted to 903,313 teu.
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NewsCOSCO moves in on South American port
COSCO SHIPPING Ports Limited will establish its first greenfield subsidiary in South America by acquiring 60% stake in Terminales Portuarios Chancay S.A. (Chancay Terminal) from Volcan Compañía Minera S.A.A. for US$225m, with an initial payment of US$56m.
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Unions intervene in Buenos Aires dispute
Union leader Hugo Moyano is attempting to scuttle a government plan to create a single container terminal concession at the Port of Buenos Aires as of 2020, replacing five existing concessions.
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Legislation preventing investment in Brazilian ports
José Di Bella, chief executive of the Brazilian Association of Port Terminals, has stated that centralised decision-making in the country’s ports sector is deterring investment.
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São Paulo governor wants Santos privatised
The governor of São Paulo State, João Doria, is to ask Brazil’s president, Jair Bolsonaro, to privatise the Port of Santos. He has labelled the current facility as "inefficient" and costly.
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NewsGlobal operator boosts Latin America portfolio
DP World is set to expand into Chile after signing an agreement for a 71.3% stake in Puertos y Logistica S.A. (“Pulogsa”) from Minera Valparaiso and other shareholders associated with the Matte Group.
