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), comprising a group of 10 companies that operate in the facility, ships approximately 20 million tons of grains per year using that structure…
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…
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…
The Panama Canal Authority said on Thursday it has not seen a notable traffic increase due to the situation in the Red Sea, where attacks by Yemen's Houthi group are forcing vessels to divert or switch their transponders off.The hostilities…
Konecranes delivered seven forklifts and two gantry cranes to Eldorado Brasil’s new cellulose terminal in Port of Santos in Q3 2023, completing an order that also involved joint planning and consulting on the layout of the terminal to ensure…
APM Terminals Callao commenced works on stage 3A of the Multipurpose North Terminal Modernization Project in the Port of Callao this week. The $95 million, 100% private investment, exceeds contractual commitments in the addendum by almost 40%…
The number of U.S. liquefied natural gas (LNG) vessels transiting the Panama Canal to Asia halved in November compared with a year ago as Asia prices for the gas this week traded at their steepest premium to European prices in nearly two years…
