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Monday, June 24, 2019

Latin America News

Chris Connor, AAPA's incoming CEO

AAPA Selects Christopher Connor as its New CEO

Former ocean carrier executive is association’s unanimous choice.The American Association of Port Authorities (AAPA), the unified and recognized voice of seaports in the Americas, announced today that it has unanimously chosen Christopher J. Connor as the association’s next president and chief executive officer.Mr. Connor, the former Global CEO of Wallenius Wilhemsen Logistics (WWL) will begin transitioning into his new role on September 23, eventually succeeding Kurt Nagle, AAPA’s president and CEO since 1995.Mr.

Pic: Hapag-Lloyd

Hapag-Lloyd Pays Off Bond

German container shipping major Hapag-Lloyd AG has decided to fully redeem the outstanding EUR 280 million in aggregate principal amount of its outstanding 6.75 percent senior note due 2022 on 24 June 2019 at a fixed redemption price of 103.375 percent.The redemption will be done predominantly from available cash. EUR 100 million of the EUR 280 million will be paid from a drawdown of a CDS-based credit facility."The complete repayment of this senior note ahead of maturity is a clear step forward towards further deleveraging and optimizing our capital structure.

Brazil Minister of Foreign Affairs, Ernesto Henrique Fraga Araujo (right) with DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem (left) during a meeting in the capital of the country, Brasilia this week. Photo: DP World

DP World Strengthen Brazil Ties

Brazil Minister of Foreign Affairs, Ernesto Henrique Fraga Araujo met with the global port operator DP World Group's Chairman and CEO, Sultan Ahmed bin Sulayem in the Brazilian capital, Brasilia this week.They discussed social reform, a stable and efficient regulatory framework to attract investors alongside public private partnerships to encourage foreign direct investment (FDI). The meeting preceded Mr. Bin Sulayem’s discussions with President Jair Bolsonaro during the visit.DP World Santos…

Image: Cosco Shipping Holdings Co.

Cosco Eyes PIL Takeover

After buying several container factories from its smaller competitor Singapore-based shipping company Pacific International Lines (PIL), China’s Cosco Shipping Holdings Co. is eyeing it as a potential takeover target.The Chinese state-run ocean carrier  had bought part of debt-ridden PIL’s container-manufacturing business, and executives at the Chinese carrier believe they could wrap up a deal for the entire business if family-owned PIL’s owners decide to sell, reported WSJ.Cosco…

Photo: IMO

Global Problem, Local Action: IMO/EU Initiative

A new IMO video puts the spotlight on how an IMO/EU initiative is helping cut maritime emissions in the Solomon Islands as part of a global project to help tackle climate change.When the solar-powered LED lights go on at night in the port of Honiara, Solomon Islands, they are helping the port meet IMO maritime security requirements.But these lights are also a shining example of how a global project, through regional centers, can help individual countries' ports and shipping sectors improve energy efficiency, cut emissions and clean up local air quality.

Pic: Cosco Shipping Ports

Cosco Completes US$3bn Peru Port Deal

Hong Kong-based international port operator Cosco Shipping Ports has completed the equity transaction of project company responsible for its greenfield subsidiary at the Port of Chancay, Peru.With the equitytransaction of the Project Company was officially completed on 10 May 2019, Port of Chancay became the company’s first greenfield subsidiary in South America and COSCO Shipping Ports plans to developing the port to an important gateway port in South America.In January 2019…

File Image: CREDIT GPA

Fitch: Port Growth to Level Off

Volume growth will continue for ports throughout the world but at a more modest pace over the next 10 years, according to Fitch Ratings in a new report. Global port throughput has shown resilience over the last 10 years with throughput growth outpacing economic growth rates despite volatility through the last recession. Containerization of cargo and increasing vessel sizes coupled with supporting infrastructure at ports have all contributed to these throughput trends. However…

Pic: Port of Antwerp

2018: Record Year for Port of Antwerp

With a growth of 5.2% in 2018 compared to previous year, the Port of Antwerp has confirmed the earlier forecasts for a 6th consecutive year record."The confirmation of the port's attractiveness and the consolidation of its position as a global player and the largest integrated European chemical cluster are essential to the continuity of its role as the largest economic engine of Belgium. Below you will find the final annual figures for 2018," said a press release from the Europe’s second-largest seaport.The total transhipment in 2018 was 235.2 million tonnes…

Kotup tugboat maneuvering a container ship. Image:  Boluda Corporación Marítima

Boluda Corporación Goes to N. Europe

Shipping services provider Boluda Corporación Marítima has signed a letter of intent to acquire all the shares, worth 300 million euros, of Kotug Smit Towage.The Netherlands-based towage services provider Kotug Smit Towage is operating in North Sea countries (United Kingdom, Netherlands, Belgium and Germany).Boluda Corporación Marítima is now in talks to acquire 100% of the towage company Kotug Smit Towage created in 2016. The shares are owned equally by the two companies Kotug International BV and Royal Boskalis Westminster NV…

Pic: Kalmar

Kalmar to Help Bimbo's Ops at Mexico

Kalmar has concluded a deal to supply a total of three Kalmar Ottawa Electric Terminal Tractors T2E to the Mexican bakery product manufacturer Bimbo.Kalmar, part of Cargotec, said in a press release that the order was booked in Cargotec's 2019 Q1 order intake, with delivery of the machines scheduled to take place during Q3 of 2019.Bimbo is the largest baking company in the world, with 199 plants and more than 1,800 sales centres across 32 countries throughout the Americas, Europe…

 Pic: ECLAC - United Nations

Latin American Ports Cargo Throughput Rose 7.7%

Container throughput in ports of Latin America and the Caribbean increased by 7.7% in 2018 in comparison with the previous year.According to the Economic Commission for Latin America and the Caribbean (ECLAC), this analysis is based on the performance of a sampling of 31 countries and 118 ports and port areas in the region.According to the annual report unveiled by the United Nations organization – which was called  “port ranking” in prior years – the data largely maintained the heterogeneity seen in throughput behavior in previous periods, both in reference to ports and countries.

Thomas Rucker, president of Tideworks Technology

The Future of TOS

Can Your Technology Compete in Today's Terminal Operating Landscape? When it comes to terminal automation, ‘failing to plan means planning to fail.’Automation is not a one-size-fits all solution. And, while future terminal operations will necessarily involve technology and autonomous operations, is it also critical that operations are automated in a way that will best fit a terminal’s size, location and overall needs, meet customers’ changing expectations, while also providing ROI to shareholders. That’s a lot to ask.

Pic: Port of Antwerp

First Ship from Antwerp to Açu

As BBC Amethyst anchored in Porto do Açu, Brazil, she becomes the first vessel to make the big crossing from Antwerp to the Brazilian sea port."Quite an achievement for Port of Antwerp International and the local partners who invested in the Brazilian port, thereby promoting trade with Antwerp. Brazil, the biggest economy of Latin America and number 7 in the world, is a key trading partner for the Port of Antwerp," said a press release from the Europe’s second-largest seaport.A Siemens gas turbine…

(Georgia Ports Authority/Stephen B. Morton)

New Savannah-Central America Route

The Port of Savannah welcomed its first Seaboard Marine vessel Wednesday. The new shipping line customer supports Savannah's cold chain logistics system with one new service to Central America, and a second to Latin America and the Caribbean.The ocean carrier's first service to Savannah links the Southeastern U.S. to northern Central America, with Georgia exports centered on frozen poultry and imports composed largely of perishables and apparel produced in Guatemala, El Salvador…

Pic: Cosco Shipping

Cosco Shipping Buys 60% Stake Peru's Chancay Terminal

Global ports operator Cosco Shipping Ports acquiring 60% stake in Terminales Portuarios Chancay (Chancay Terminal) from Volcan Compañía Minera for a total consideration of US$225million.Zhang Wei, Vice Chairman and Managing Director of Cosco Shipping Ports and  José Picasso, Chairman of Volcan signed the agreement on behalf of the two parties.The ceremony was witnessed by Mercedes Aráoz, Vice President of Peru,  Xiao Yaqing, Chairman of State-owned Asset Supervision and Administration Commission of the State Council…

Pic: Port of Antwerp

2018: 'Grand Cru' Year for Antwerp Port

Europe’s second-largest seaport, the Port of Antwerp in Flanders, Belgium said that with a 6th year record, growth in all cargotypes and a recent wave of investments, 2018 will be a 'grand cru' year."The confirmation of the port's attractiveness and the consolidation of its position as a global player and the largest integrated European chemical cluster are essential to the continuity of its role as the largest economic engine of Belgium," claimed a press release from the port.With a growth of 5.2% compared to 2017, the earlier forecasts for a 6th consecutive year record are confirmed.

Photo: Evergreen

Evergreen Opens Four Offices in Latin America

In view of the growth potential in Latin American trade, Evergreen Line is continuing to establish its own offices at main service locations in the region. Evergreen Line has opened its own agency in Colombia following the establishments of other offices in Peru, Chile and Mexico over the past few months. In setting up these offices Evergreen confirms its continued commitment to serving the trade and economy of Latin American west coast region. The dedicated personnel at these locations will have responsibility for local marketing and sales…

Image: Suez Canal Authority (SCA)

Suez Canal Extends Bulker Toll Discounts

The Suez Canal Authority (SCA) has extended discounts concerning dry bulk vessels operating between American and Asian ports after considering “new changes in the global shipping market and the world economy”."SCA pays more attention to its users best interest, and has recently taken steps towards being the safest, most secure, most reliable and most competitive compared to other routes," said a press release.It said that the rebate granted to (Laden/Ballast) Dry Bulk Vessels operating between Americas' ports and Asian ports…

File Image: Evergreen Marine Corp

Taiwan's Evergreen Opens Four New Offices in Latin America

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, Evergreen Line is continuing to establish its own offices at main service locations in the region. The move will strengthen the effectiveness of the line’s operations, improve its capability to react to market opportunities…

Javier Fernández Bombín, new director of Boluda Maritime Terminal Las Palmas

Boluda Names Javier Fernández Bombín Director of Las Palmas Terminal

Shipping company Boluda Lines’ subsidiary Boluda Maritime Terminals has appointed Javier Fernández Bombín as new director of Boluda Maritime Terminal Las Palmas.He has taken up the new position at Boluda Corporación Marítima today, on 14 January. The terminal is responsible for providing and managing logistics services in the main ports of Spain.Javier Fernández Bombín replaces Javier Climent, who has managed the Las Palmas terminal since 2013. On 27 November 2018 Climent was appointed as the new corporate director of Boluda Corporación Marítima in the Canary Islands…

Pic: Port of Antwerp

2018 is Record Year for Antwerp Port

With a 6th year record, growth in all cargotypes and a recent wave of investments, 2018 will be a 'grand cru' year for the Port of Antwerp, said an update of the annual figures by the company.According to the final annual figures for 2018, with a growth of 5.2% compared to 2017, the earlier forecasts for a 6th consecutive year record are confirmed. The total transhipment in 2018 was 235.2 million tonnes, a new record, with unprecedented growth in all cargotypes.The strong growth in container traffic continued to 130.9 million tonnes (+6.4%) or 11.1 million TEU (+6.2%).

Pic: APM Terminals

New Container Port Opens in Costa Rica

The inauguration of APM Terminals Moín, Costa Rica yesterday will enable products to be shipped on transatlantic routes to European and Asian markets without transshipment.The new terminal will also move Costa Rica to number one for connectivity, out of 139 countries ranked by the World Economic Forum, said a press release from the international container terminal operating company headquartered in The Hague, Netherlands."At APM Terminals we partner with governments to become the best port operator in the world and Moín is a great example.

Photo: Konecranes

Konecranes: Four Harbor Cranes to YILPORT

In the first quarter of 2019, Turkey-based YILPORT HOLDING, the 12th biggest global container terminal and port operator, ordered four high-performance Model 8 mobile harbor cranes for two terminals in Latin America. Two of the large Konecranes Gottwald cranes will begin operation in Puerto Quetzal, Guatemala, in mid-2019, followed by two cranes in Puerto Bolivar, Ecuador, just two months later.YILPORT’s four new eco-efficient diesel-electric Model 8 mobile harbor cranes from Konecranes will mainly handle containers in two terminals.

Pic: International Maritime Organization (IMO)

Empowering Women in the Maritime

The International Maritime Organization (IMO) has launched a new logo for its Women in Maritime programme, as part of its mission to support the United Nations Sustainable Development Goal 5: Achieve gender equality and empower all women and girls.Programme lead Helen Buni said: "The IMO Women in Maritime programme supports the participation of women in both shore-based and sea-going posts, under the slogan Training-Visibility-Recognition’, through a wide range of gender-specific activities.

Photo:Van Oord

$1B Container Terminal for Costa Rica

A consortium of Van Oord and BAM International completed the construction of the APM Terminals Moín in Costa Rica. Last week’s inauguration of the container terminal will enable products to be shipped on transatlantic routes to European and Asian markets without transshipment.The project represents a total investment of $1 billion and is built on a 40-hectare artificial island. The terminal has a 650-m long quay wall and a container yard with the capacity to hold 26,000 TEUs (Twenty-foot Equivalent Units), including power connection capacity for 3,800 refrigerated containers.

Pic: Kalmar

Kalmar Bags Uruguay Terminal Order

The provider of lifting solutions Kalmar has agreed a deal to supply seven terminal tractors and six forklift trucks to the Rio Estiba terminal in Nueva Palmira, Uruguay.The Cargotec group company said that the order was booked in Cargotec's 2018 Q4 order intake with delivery scheduled to take place in Q2 of 2019.Rio Estiba provides port logistics services, including loading and unloading of cargo, coordination of intra-port operations, in-terminal transport, and administration and cargo handling in port warehouses.