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Latin American

AVEVA Opens Office in Chile

AVEVA (LSE:AVV), announced on June 18, 2012 that it has further expanded its Latin American presence by opening an office in Chile.   The office in Santiago de Chile will also be the location for AVEVA’s Mining & Metals Centre of Excellence (MMCoE). The Chilean office will serve a number of Latin American countries providing sales and support for AVEVA’s entire product and solution portfolio. The new MMCoE will act as a global resource, working with customers in Latin America, Australia and other mining intensive regions.   “Chile is a very key location for AVEVA in Latin American,” said Santiago Pena, Senior Vice President of Latin America, AVEVA. "As our main hub for the Mining, Metals & Minerals industry it will also serve our customers in Argentina, Paraguay and Uruguay. The new Mining & Metals CoE is being established here to take advantage of the extensive local industry knowledge, both within AVEVA and with our customers. The MMCoE will develop customised applications and configurations for the Mining, Metals & Minerals industry, as well as special projects for our Plant customers. Our Chilean team is very customer focused and with the Latin American market, experiencing dramatic change, it is their mission to help our customers meet challenging technical and business objectives.”  


MHI Subsidiary in Brazil for FPSO Compressors

Piracicaba Factory of NGM where MCO-B office will locate. Courtesy Mitsubishi Heavy Industries Compressor Corporation

   In December Mitsubishi Heavy Industries Compressor Corporation (MCO), a Group company of Mitsubishi Heavy Industries, Ltd. (MHI) based in Hiroshima, will establish a new company in Brazil in a joint venture with Mitsubishi Corporation (MC), to be known as MHI Compressor do Brasil Ltda. (MCO-B). Creation of the new entity, which will launch commercial operations in February 2016, is targeted at developing the Latin American market for compressors


SunEdison Restrained from 'Unusual' Asset Transfers

Solar company SunEdison Inc said a U.S. court has restrained the company from making any unusual asset transfers until a hearing in a lawsuit brought on by investors of renewable energy company Latin American Power.   SunEdison's shares fell as much as 33 percent to $1.37, hitting its lowest in more than 14 years.   SunEdison said in October that it terminated a deal for Latin American Power five months after agreeing to buy the company


CP Ships to Acquire Nordana Line

CP Ships, one of the world's top ten container shipping companies, has reached agreement with Dannebrog of Denmark to acquire Caribbean/Latin American market specialist Nordana Line. The acquisition includes Nordana's business and services and its 10,000 teu container fleet. It also includes the time charter of three roll-on/roll-off ships owned by Dannebrog and the sub-charter of three chartered-in ships. "The acquisition of Nordana Line is a good example of one of the principal elements


Viking Life-Saving Equipment Expands to Panama

Henrik Uhd Christensen, VIKING CEO

VIKING has announced the next step in its continued global expansion with a Latin American sales and service facility at Colon, Panama.    Leading marine safety equipment provider VIKING Life-Saving Equipment has announced the addition of a Latin American sales and service facility located at Colon, Panama on November 1, 2011. The move to establish a presence in Panama is another step towards fulfilling VIKING’s goal of expanding its network to include more service and stock


As the Reefer Market Grows, Hapag-Lloyd Invests Record Volumes

Largest reefer order in Hapag-Lloyd’s history spurred by growth opportunities in the South American trade lanes Hapag-Lloyd is investing a double-digit million amount in its container fleet and has ordered 6,000 (12,000 TEU) of the latest generation of reefer containers. The Company is already one of the largest reefer carriers in the world today. This strong position will enable Hapag-Lloyd to benefit from increasing transport volumes not just on East-West trades


Need for Latin American Transport Infrastructure Investment Highlighted

TT Club logo

TT Club’s Senior Underwriter, Dan Negron, speaking at the recent TOC Americas Conference in Miami outlined his views on future Latin American trade growth and the pressures that this will create on the region’s transport infrastructure. Excerpts from his address follow: “Two examples of robust economies are Colombia and Peru.  The latter has grown its export trade by a multiple of five over the last decade


Ellicott Takes On Rohr-Idreco Line in Latin America

Rohr-Idreco RISD 600 (24) 100 digging depth dredge for removal of sedimentation behind the Inga dam in the Democratic Republic of Congo (Photo: Ellicott Dredges)

Ellicott Dredges LLC & Rohr-Idreco Dredge Systems, which are owned by Ellicott Dredge Enterprises, LLC, has  announced that Ellicott's Latin American Sales Manager, Andres Borasino, will be adding the Rohr-Idreco deep digging dredge product lines to his area of responsibilities.   The three product lines complement each other by offering customers multiple dredging options based on the their material and digging depth requirements


Hapag-Lloyd Orders 5 Ships for More Panama Canal Trade

Ship container line Hapag-Lloyd has placed an order for five vessels as it looks to bolster trade in Latin America ahead of next year's planned expansion of the Panama Canal, the world's fourth biggest player said on Monday.   Workers are installing 22-storey lock gates to accommodate larger container ships through the canal, one of the world's busiest maritime routes, which plans to open on April 1 2016.  


APM TEC2 Receives Cranes

APM Terminals Lazaro Cardenas Mexico receives new cranes

The first three of the world’s largest and most technologically advanced Ship-to-Shore (STS) container cranes and two rail mounted cranes for the intermodal rail facility have been delivered to APM Terminals’ Lázaro Cárdenas (TEC2), now in the final stages of construction at Mexico’s second-largest container port. The terminal development milestone was commemorated by a ceremony held in Mexico’s capital city


Port of Barcelona Looks to Panama, Cuba for Growth

Photo: Panama Canal Authority

Panama and Cuba, both in the midst of growth and international expansion, are examples of two different economic models that are helping to attract foreign companies through government initiatives providing investor security.   Seeking to generate business opportunities and strengthen


Panama's Expanded Canal Attracts Biz and Tourists

Photo: Panama Canal Authority

 Recent expansion of the Panama Canal should lower shipping costs, say market observers. Shipping geeks will delight at this engineering marvel that revolutionized global maritime trade.   As a major Latin American hub of finance, commerce and transportation


Maersk Line Launches Latin America, Asia Service

Image: Maersk Line

Maersk Line announced changes to its AC network with the launch of its AC1 service, connecting the West Coast of Latin America with Asia, beginning at the end of June.   According to Maerks Line, the AC1 service, connecting the West Coast of Latin America to Asia


Fitch: M&A, Not Alliances to Help Revive Container Shipping

File Image: a containership at the berth in the Port of Savannah, GA (credit: GPA)

The following statement was released by the rating agency: Mergers and acquisitions, rather than the historically more popular alliances, are inevitable to address chronic overcapacity and drive further cost savings in container shipping, Fitch Ratings says


Maersk Opens Direct Cork-Cuba Service

Photo: Maersk Line

 Danish shipping giant Maersk — the world’s largest container carrier — began its first ever connection between northern European ports and Cuba last Friday, promising the fastest freight transit times between Europe and the Cuban port of Mariel.   


Valparaíso Express Class: Tailor-made for the New Canal

This is how the newbuildings will look like (Image: Hapag-Lloyd)

 The new, expanded Panama Canal is set to open soon. Hapag-Lloyd is preparing for the event by optimizing its fleet. Here, we show you what these new ships will look like.   The new Panama Canal will usher in a new era in shipping between South America and Europe


Keppel Bags BRL 500 mln MODEC Project

Courtesy Keppel FELS Brasil in Rio de Janeiro

Keppel Offshore & Marine Ltd (Keppel O&M), through its subsidiary, Keppel FELS Brasil SA's BrasFELS shipyard has been awarded a Floating Production Storage and Offloading (FPSO) module fabrication and integration project by its repeat customer MODEC Offshore Production Systems (Singapore)


APM Terminals Readies Lázaro Cárdenas TEC2

Photo: APM Terminals

 APM Terminals (APMT) is continuing with its new deep-water semi-automated Lázaro Cárdenas Terminal 2 (TEC2) project, which represents an overall investment of US$900 million, despite the slow Latin American economic growth, and sluggish global container shipping growth rate.


Small Ships the Potential Bright Spot in Miserable Dry Bulk Market

The latest Dry Bulk Freight Forecaster from Maritime Strategies International (MSI) reports a deterioration of the consultancy’s cautiously optimistic view for improvement in the dry bulk market in the next six months.   Misery piled on misery for dry bulk owners in January as spot


Kongsberg Maritime Opens Office in Panama

Photo: Kongsberg Maritime

Kongsberg Maritime has established a new country office in the Republic of Panama. Opened in January 2016 and situated in the ‘Canal Zone’ close to Panama City, Kongsberg Maritime Panama will service merchant fleet customers transiting the Canal and the extensive tug sector in the


Royal Caribbean Posts 4Q Profit

Photo: Royal Caribbean Cruises Ltd

 Royal Caribbean Cruises Ltd reported 2015 results and provided guidance for 2016. Continuing on its Double-Double trajectory, the company’s adjusted earnings for 2015 were $4.83 per share – up 42% over 2014, and are expected to further increase to $5.90 – $6.10 in 2016.


APMT Takes Stake in Cartagena Terminal

Pictured left to right are Mr. Gabriel Echavarría, President of Compas Board of Directors who signed the deal on behalf of Compas and Mr. Joe Nicklaus Nielsen, Vice President, Port Investments for APM Terminals. Photo APMT

 APM Terminals and Colombian-based port and terminal operating company, Compañia de Puertos Asociados S.A. (Compas S.A.) have finalized the incorporation of Cartagena Container Terminal Operator (CCTO), a new joint venture which will manage and operate Compas S.A


Medeiros Elected Member of UNCLOS Tribunal

International Tribunal for the Law of the Sea Courtesy Wikipedia

  Mr Antonio Cachapuz de Medeiros was elected today at a Special Meeting of States Parties to the United Nations Convention on the Law of the Sea in New York. The meeting was held to fill the vacancy created by the resignation of Judge Vicente Marotta Range (Brazil) on 18 May 2015


U.S. Light Crude Imports Surge Again

U.S. imports of light crude from across the Atlantic are set to jump this month to their highest in more than two years, according to market sources and trade data that indicate global oil flows are being scrambled by the lowest prices in years and the end of the 1970s era U.S. export ban.


US Light Oil Imports Resurge to Highest in Years

U.S. imports of light crude from across the Atlantic are set to jump this month to their highest in more than two years, according to market sources and trade data that indicate global oil flows are being scrambled by the lowest prices in years and the end of the 1970s era U.S. export ban.






 
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