South America – Page 25
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NewsDP World to build new Ecuadorian port
DP World is to invest a total of $1.2bn in building the new Posorja deep water port in Ecuador. In the first phase, $530m will be required.
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Yildrim to upgrade Puerto Bolívar
The Ecuadorian president Rafael Correa has confirmed that a memorandum of understanding has been signed with the Turkish terminal operating group Yildrim to implement a new terminal at Puerto Bolívar. The MoU covers the final design, financing, equipment acquisition, operation and maintenance. This will translate into an initial investment of ...
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Nicaragua to build new $400m Caribbean port
In Nicaragua, the National Port Company (EPN) is planning to build a new terminal at Bilwi, Puerto Cabezas, to accommodate cargo from the north of the country that is currently handled by the ports of Limón, in Costa Rica, and Cortés, in Honduras.
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Colombia moves on three new ports
The Colombian Ministry of Transport and the country''s National Infrastructure Agency (ANI) are currently moving ahead with three new port projects: the ports of Antioquia, Puerto Solo (Valle del Cauca) and the Sociedad Portuaria Gráneles del Golfo (Córdoba).
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7,000 workers at risk in Buenaventura
In Colombia, around 200 port operating companies went on a one-day strike on February 1 to protest against a decision taken by the port authority, Sociedad Portuaria Regional de Buenaventura (SPRBuen), to assume direct responsibility for handling activities. This, claim the incumbent operators, will give SPRBuen an effective monopoly within ...
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NewsLegal challenge over Corozal port project
In Panama, the government minster overseeing the Panama Canal, Roberto Roy, has publicly supported an earlier measure approved by the board of directors of the Panama Canal Authority (ACP), which effectively allows it to undertake logistics and port operations, and not simply manage the waterway.
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NewsAPM Terminals closes Cartagena deal
APM Terminals and Columbian-based port and terminal operating company, Compañia de Puertos Asociados S.A., have finalised the incorporation of Cartagena Container Terminal Operator, or CCTO; a new joint venture, which will manage and operate Compas S.A.’s existing multipurpose facility in Cartagena.
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NewsFinding funding
Financing is not a hurdle to development for most Latin American ports, explains Alex Hughes
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New bulk and container terminal for Pisco
Peru''s National Port Authority (APN) has approved the technical report put forward for the construction of the new Terminal Portuario General San Martín in Pisco, which has been put together by concessionaire Terminal Portuario Paracas S.A. (TPP).
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Brazil port authorities’ failure to spend
In Brazil, while the private sector is increasing the pace of its investment in the port sector, port authorities continue to struggle to commit cash to the upgrades needed in the country''s main ports.
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NewsToo much fragmentation in Argentina's ports
The controller of Argentina''s National Ports Authority, Sergio Borrelli, has stated that the country''s ports will never be competitive in their current fragmented state.
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NewsMoín access delays could hinder APMT
A lack of financing is threatening to delay the construction of a much needed access road to Moín port in Costa Rica, according to local media reports.
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Brazil to launch second phase of logistics plan
In Brazil, the second phase of the government''s National Ports Logistics Plan (PNLP) is scheduled to be launched in December, according to the ports minister Helder Barbalho.
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TRX launches new infrastructure fund
In Brazil, TRX Infraestrutura, one of TRX''s business units, has launched its TRX Infraestrutura FIP II investment fund.
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Impeachment proceedings fail to stop concessions
Brazil issued its first round of port tenders on December 9, divided into two calls.
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HPH fined for breach of contract
Ecuador''s Attorney General, representing Manta Port Authority (APM) as plaintiff in the arbitration case taken out against companies belonging to Hutchison Whampoa Limited, has ruled that the port authority is due compensation for a breach of contract obligations by the defendants in respect of the terms and conditions related to ...
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Panama releases Corozal tender
Panama Canal Authority (ACP) has issued a Request for Qualifications (RFQ) for companies interested in the Corozal Container Terminal.
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NewsBrazil ditches Para tender
Brazil has cancelled an auction to lease a port terminal area in the northern state of Para due to a lack of interest, according to Reuters.
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Callao: no to regional hub status
Peru has all but ruled out the possibility that Port of Callao will become a regional hub.
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Manta modernisation set for 2016
The President of Ecuador, Rafael Correa, has revealed that modernisation of the Port of Manta will become a reality in 2016. This will form part of the ninety-third anniversary celebrations of the founding of the city.
