South America News


Lack of Dredging Could Delay Chevron's Venezuela Oil Exports

Jan 05, 2023

A shipping channel snafu is slowing Chevron Corp’s efforts to load tankers at one of its four Venezuelan joint ventures and bring heavy crude to the United States, three people familiar with the matter said on Wednesday.Washington in November authorized the last major U…

US Judge Orders Norwegian Cruise Line to Pay $110 Million for Use of Cuba Port

Jan 01, 2023

Norwegian Cruise Line must pay $110 million in damages for use of a port that Cuba's government confiscated in 1960, a U.S. judge ruled on Friday, a milestone for Cuban-Americans seeking compensation for Cold-War era asset seizures.The decision by U…

Brazil Will Halt Santos Port Privatization

Dec 22, 2022

Brazil's government will not proceed with the privatization of the port of Santos, the largest in Latin America, the incoming minister of ports and airports was quoted as saying on Thursday by a Brazilian newspaper.Marcio Franca, tapped to head…

Access to Brazil's Paranagua Port Blocked by Landslides

Nov 30, 2022

Brazil's Paranagua port authority said on Tuesday that landslides caused by heavy rainfall blocked road and rail access to the port, the second busiest for grain exports in the country.In a statement, the authority said other port operations…

Trucker Blockades in Brazil Could Hit Ag Exports

Oct 31, 2022

Roadblocks in at least 12 Brazilian states by truckers who support outgoing President Jair Bolsonaro could affect agricultural exports in one of the world's top food producers, according to the head of a key state farm lobby.Bolsonaro lost Sunday's…

Hapag-Lloyd to Acquire SAAM's Terminal Business for $1 Billion

Oct 04, 2022

Hapag-Lloyd AG and SM SAAM have signed a binding agreement under which Hapag-Lloyd will acquire 100 % of the shares of SAAM Ports S.A. and SAAM Logistics S.A. and thereby the entire company’s terminal business and associated logistics services…

CGX Energy to Start Dredging, Dock Construction for Port in Guyana

Feb 17, 2022

Canada-based oil company CGX Energy OYL.V will begin dredging and building the docks of a key deepwater port at Berbice, in eastern Guyana, planned to serve the South American nation's oil and agriculture sectors, the firm's chairman said on Wednesday…

Exxon Proposing to Build Supply Base for Guyana Project

Dec 13, 2021

Exxon Mobil Corp outlined a major new investment in Guyana amid government calls for delivering economic benefits to residents from deepwater oil and gas discoveries helping turn the South American nation into an oil powerhouse.A coming onshore…

Golar Unit CEO Takes Leave of Absence Amid Corruption Probe

Sep 29, 2020

Golar LNG said on Tuesday Hygo Energy Transition Ltd Chief Executive Officer Eduardo Antonello has taken leave of absence with immediate effect, following a corruption investigation involving him in Brazil.Golar said Antonello's leave was in…

Argentina: Grains Port Workers Delay Strike

Aug 28, 2020

labor union representing Argentine grains port workers said on Thursday that it suspended a scheduled strike over wages after the government called for talks between the workers and their companies.The URGARA union, which represents inspectors…

Brazil Iron Ore Exports on the Rrise

May 21, 2019

Brazil's iron ore exports rose sharply in the first half of May, data showed on Monday, recovering from a more than seven-year low in April, as higher prices encouraged sellers to close more deals internationally.Until May 17, Brazil exported 16…

Taiwan's Evergreen Opens Four New Offices in Latin America

Jan 15, 2019

Taiwanese container transportation and shipping company  Evergreen Marine Corp. is expanding its operations into Central and South America this year following the recent opening of four new agency offices in the region.'In view of the growth potential in Latin American trade…

Tango FLNG En Route to Argentina

Dec 27, 2018

Belgium based EXMAR announced Thursday that its floating liquefied natural gas (FLNG) facility has left China for a 45-day voyage to the destination of its liquefaction operations at the Port of Bahia Blanca in Argentina.The barge-based Tango…

Hamburg Süd Begins Seasonal Service for Mangos and Grapes

Nov 28, 2018

German shipping company Hamburg Süd is resuming its weekly direct service from Peru’s Port of Paita to Philadelphia just in time for the forthcoming mango and grape season in South America.The international logistics service provider said in a press release that with a transit time of eleven days…

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