In 2018, convicted cocaine trafficker Slobodan Kostovski fled a Brazilian prison and made his way back to Europe with a fake passport.The Serbian senior quickly fell into old habits, police allege. Last August, Kostovski was arrested in Belgrade, accused of shipping 2.7 metric tonnes of cocaine from Brazil aboard a 22-meter vessel apprehended near Spain’s Canary Islands.Nicknamed “the General” by his associates…
CMPC has signed a deal with Brazil's southernmost state of Rio Grande do Sul to evaluate building a new, $4 billion pulp plant there, the Chilean pulpmaker said on Monday.The new project, which would be in the city of Barra do Ribeiro, would initially have the capacity to produce up to 2…
The Peruvian government is looking to avoid an international arbitration process which could be filed by Chinese port operator Cosco Shipping over a legal dispute regarding exclusivity rights to a massive facility being built by the firm, an official said on Monday…
An accident with a shiploader at the sugar terminal in the Recife port in Northeastern Brazil suspended loading operations at the site, according to a note from shipping company Williams Brazil late on Thursday.The company said the shiploader…
The Biden administration said it would not renew a license set to expire early on Thursday that had broadly eased Venezuela oil sanctions, moving to reimpose punitive measures in response to President Nicolas Maduro’s failure to meet his election commitments…
The Port of Paranagua, one of Brazil's busiest for sugar and grain exports, said on Wednesday one conveyor belt at its so-called export corridor remains inoperative after labor authorities idled it over a 'risk of explosion.'The Paranagua Export Corridor Terminals Association (Atexp)…
China's Cosco Shipping confirmed that investment in Peru's Chancay port continues and that it expects a quick resolution to a pending question over exclusivity rights to the facility, a local executive told reporters on Tuesday.Carlos Tejada…
A resolution to end a dispute between Peru and China's Cosco Shipping could come as soon as this week to ensure a megaport will start operations as planned by the end of the year, Peru's Prime Minister Gustavo Adrianzen said on Thursday.The…
China's Cosco Shipping is evaluating the impact of a move by Peru's government to annual the exclusivity it holds over operations at the new Chancay megaport.Peru awarded exclusivity to Cosco Shipping to operate the port in 2021, but last week…
Argentina's government on Thursday said there are plans for a $550 million investment to build a new port in the Rosario region, a major farm hub which moves more than 80% of the South American nation's agricultural and agro-industrial exports…
Venezuela's oil exports slightly increased in February to some 670,000 barrels per day (bpd), but ongoing shipping delays worsened a bottleneck of tankers waiting to load, according to documents and vessel monitoring data.State-run oil firm…
A bottleneck of vessels waiting to load crude and fuel in Venezuela has increased in recent weeks as state-run oil firm PDVSA struggles to deliver cargoes on time, according to people familiar with the matter, documents and shipping data.PDVSA has sought to ramp up shipments this month…
Uruguay's main port received two cargo scanners sixteen years ago to detect drugs and other suspicious loads. Unfortunately, during delivery one of them fell into the sea.Since then, cocaine shipments to Europe have surged through the port of Montevideo…
The Panama Canal's toll revenues have dipped by about $100 million per month since last October, the canal's administrator said on Wednesday, adding that if the trend continues reduced income from tolls could total some $700 million by around April…
RightShip announced a partnership with Port of Sudeste, located in Itaguai, Rio de Janeiro, to start utilizing RightShip’s Maritime Emissions Portal (MEP) for the first time in the Latin American region.MEP is a digital solution that combines…
