Mining giant Vale and Brazil's top commercial port have signed an agreement to study the potential construction of a facility in Rio de Janeiro state that would produce low-carbon iron ore products, port executives told Reuters.Vale's deal with the Acu port…
The Panama Canal could further reduce the maximum number of authorized daily vessel transits if this year's drought continues, the waterway's administrator said on Tuesday.A backlog of ships is waiting to pass through the trans-oceanic canal…
Brazil, Paraguay, Bolivia and Uruguay have urged Argentina to stop applying tolls for ships and barges carrying grains and other exports, saying it restricts navigation on a key river channel.The four countries issued a joint statement late…
The Panama Canal's water levels have not recovered enough as the end of the rainy season approaches and limits on daily transit and vessel draft will stay in place for the rest of the year and throughout 2024, the waterway's authority said on Tuesday…
Water levels in the Panama Canal are likely to remain exceptionally low for months despite forecasted short-term improvements, meaning no end in sight to the prolonged disruptions hampering vessels transiting the vital shipping artery.The Panama…
Multipurpose carrier Intermarine and sister company Jumbo-SAL-Alliance (JSA) expand their presence in South America, opening a new office in Santiago.Intermarine and Jumbo-SAL-Alliance are joining Intermarine’s long-time agent, Marval, to form the new subsidiary JSA-Intermarine Chile…
Australian livestock exporter Wellard has released its annual report and financial year 2023 financial results noting changes in trade patterns.Wellard’s financial results in FY2023 were significantly impacted by continued depressed live cattle…
Starting in September, the company that manages the Paranaguá Container Terminal (TCP) will receive a new maritime service in partnership with COSCO Shipping Lines/OOCL and Ocean Network Express (ONE). The service is branded respectively as: East Coast South America-Europe 2 (ESE2)…
Paulo Sousa, the president of Cargill's unit in Brazil, said companies should continue making investments in logistics to help Brazil, the world's largest exporter of commodities like soybeans, coffee and sugar, to store and move its agricultural products more efficiently…
Grain inspectors returned to their posts after midday Monday following a short-lived strike, the local chamber of Port and Maritime Activities (CAPyM) said.The workers, who began a strike Monday morning in a bid to push for higher wages, returned…
The Panama Canal will extend restrictions on ships' maximum depth, it said on Tuesday, and it has limited average crossings at one of the world's busiest trade passages to just 32 ships a day as a prolonged drought continues.The Panama Canal Authority (ACP) will maintain a depth limit of 44 feet…
The Panama Canal will postpone depth restrictions that were set to affect the largest ships crossing the key waterway, the canal authority said, after much-needed rain provided relief to the strained maritime passage.A series of measures were…
Maersk's APM Terminals has pledged a €962 million (US$1 billion) investment in its Brazilian operations up to 2026.This figure includes a €296 million of a total €483 million investment exclusively for the Phase One development of a new terminal in Suape…
Konecranes announced it has delivered three rubber-tired gantry (RTG) cranes to PSA Panama.The RTG cranes will strengthen the terminal’s container handling equipment fleet, now comprising 12 RTGs and 12 rail-mounted gantry (RMG) cranes which handle the terminal’s increasing container traffic…
Argentina grains inspectors have launched a 24-hour strike that is halting shipments at key river ports in farm transport hub Rosario, the ports chamber CAPyM said on Monday.The strike by the Urgara grains inspectors union is linked to conflicts…
