French shipping giant CMA CGM plans to launch a full takeover bid for port terminal operator Santos Brasil after it agreed to buy a 48% stake in the company, it said on Monday as it further expands its grip on global shipping infrastructure.After cashing in billions of windfall profits on the back of spiralling container prices during the COVID-19 pandemic, the unlisted shipping giant has gone on a shopping spree with major investments in sectors including logistics…
The American Association of Port Authorities (AAPA) announced the reconstitution of its presence in Latin America with the appointment of Juan Duarte as the first Latin American to serve as Executive President of AAPA in Latin America.Duarte…
The Panama Canal expects to be ready to combat a possible new drought, which could hit the world's second-largest waterway within four years, by accommodating larger vessels, securing dedicated passage for some ships and expanding its water reservoirs' capacity…
In a groundbreaking development for Argentina’s maritime industry, TecPlata S.A., the Argentinian arm of International Container Terminal Services, Inc. (ICTSI), has become the first port in the country to earn carbon neutral certification.The…
Offshore wind developer Corio Generation, a Macquarie Group company, and Brazilian shipyard and marine construction company Estaleiros do Brasil (EBR) have signed a memorandum of understanding (MoU) to explore how EBR’s facilities could support future offshore wind projects off Brazil’s south coast…
Turkish holding company Yilport will invest an expected $1.62 billion to expand two ports in El Salvador and operate them jointly with the local port authority, the government of the Central American country said.Salvadoran President Nayib Bukele…
A strike launched by Argentine oilseed industry workers has halted grain shipments from local ports with soybean processing plants, the country's Ports and Maritime Activities Chamber (CAPyM) said on Wednesday.Argentina is a top global supplier of the processed soybeans…
The Panama Canal expects to increase the number of daily transit slots for vessels to 36 from the current 34 beginning in September, the canal's deputy administrator said, as rains allow authorities to ease drought-imposed restrictions.Panama experienced its third-driest year on record in 2023…
Russia has begun shipping oil and refined products to Bolivia, helping to tackle a fuel shortage in the country, and expanding its presence in Latin America as Western sanctions have forced Moscow to seek new markets, traders and shipping data show…
DP World has completed its $400 million expansion project at the Port of Callao in Peru, boosting container handling capacity at the South Terminal by 80%.The Bicentennial Pier expansion project extends the pier from 650 meters to 1,050 meters…
APM Terminals Suape, Brazil, reports it has completed the purchase of 28 pieces of all-electric container handling equipment from SANY. The equipment has been specifically customized for the new terminal and features state-of-the-art technology with a high level of efficiency and safety…
Cavotec announced the inauguration of our MoorMaster automated vacuum mooring system at DP World San Antonio, the largest multipurpose port in Chile. This milestone marks the first implementation of an automated mooring system in South America…
The Panama Canal authority said on Wednesday that recent rains boosted water levels, allowing heavier ships with larger cargo loads to transit the canal's Neopanamax locks.The maximum ship depth for the key global waterway will be set at 47 feet (14…
A fire that destroyed a conveyor belt and electric systems at the Tiplam terminal in the port of Santos, Brazil's largest, caused a suspension of sugar loading on piers 2 and 3 on that terminal, according to a note from the company.The fire…
TCP, an arm of China Merchants Port, is working to dissuade a logistics firm from applying a surcharge on outgoing cargos at South America's largest container terminal, TCP Commercial Director Carolina Brown said.France-based logistics firm CMA CGM's $150 surcharge…
