South America News

 

Worker Dies in Accident at Peru's Chancay Megaport Project

May 12, 2024

Hong Kong-based Cosco Shipping Ports said on Saturday that a worker died in an early-morning accident at a megaport it is building on Peru's Pacific coast.The worker was doing sanding and painting work at the deepwater Chancay Port Terminal when the accident occurred, the company said in a statement.The company said it was investigating the circumstances of the incident and was coordinating with authorities…

Conflict Heating Up Over Cosco's Megaport in Peru

May 08, 2024

The Chinese state-owned company at the center of a dispute over operations of a megaport it is building on Peru's Pacific coast insisted on Tuesday on terms agreed with the government, as some local officials have sought to backtrack on the deal…

Operations Normal at Brazilian Grains Port Despite Torrential Rain

May 07, 2024

A large grains shipping hub located in Rio Grande do Sul is operating normally after torrential rains battered Brazil's southernmost state, the port authority said in a statement on Tuesday.Heavy rains and flooding have devastated vast areas Rio Grande do Sul state in the past few days…

Maritime Trafficking: How Balkan Gangsters Became Europe's Top Cocaine Suppliers

May 02, 2024

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…

CMPC Weighs $4 Billion Pulp Plant in Brazil

Apr 29, 2024

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…

Peru Seeks to Avoid Arbitration Over Chinese-built Mega Port

Apr 29, 2024

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…

Shiploader Collapses at Brazil's Recife Port

Apr 19, 2024

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…

US to Reimpose Oil Sanctions on Venezuela

Apr 17, 2024

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…

Paranagua Port Conveyor Belt Idle Amid Explosion Risk

Apr 10, 2024

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)…

Cosco Shipping Sees Quick Resolution to Peru Port Question

Apr 09, 2024

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…

Peru's PM Says China-built Megaport Should Launch this Year After Dispute

Apr 04, 2024

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…

Cosco Shipping Evaluating Impact of Peru's Lawsuit on Megaport Development

Mar 26, 2024

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 Grains Hub Expected to Get $550 Million New Port Investment

Mar 07, 2024

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 Oil Exports Rising, but Shipping Delays Persist

Mar 01, 2024

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…

Tanker Backlog Grows in Venezuela as PDVSA Struggles to Deliver Oil

Feb 28, 2024

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…

Logistics News

World's First Hydrogen Fuel Cell RTG Commences Operation

World's First Hydrogen Fuel Cell RTG Commences Operation

Southern Dredging Wins St. Marys Dredging Job

Southern Dredging Wins St. Marys Dredging Job

Maintenance Insights: Davits

Maintenance Insights: Davits

Self-Driving Ferry Service Envisioned to Link the Fosen Peninsula

Self-Driving Ferry Service Envisioned to Link the Fosen Peninsula

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