Buenaventura News

The CMA CGM Group said this week it had received the arrival of the CMA CGM Argentina containership as its largest vessel to call at the Honmoku D4 terminal in Yokohama, Japan.The containership is one of two 15,000-TEU series that the group has deployed on the weekly Asia Central South America 1 (ACSA1) service. Arriving from central and south America, the CMA CGM Argentina is now the largest containership to call a Japanese port on a regular service and has brought import shipments of fresh fruits from Ecuador and Guatemala…

Around midnight on February 23, Eulalio Bravo, a marine electrician, was dozing in his rack aboard the San Ramon, an oil tanker anchored off the coast of Venezuela.Suddenly, he heard footsteps pounding along the passageway outside. His captain, Jaime Herrera, cried for help."Be still!" an unfamiliar voice ordered.A gun fired.By the time Bravo and eight other shipmates emerged to see what had happened, the captain lay dead, a gunshot in the back of his head. Herrera's stateroom had been pillaged, drawers flung open, his bunk overturned. The killers were gone, as were thousands of dollars the captain kept under lock and key, according to crew members interviewed by Reuters.The murder…

Philippines-based international container terminal operator ICTSI has reported a massive increase in profit and a substantial increase in revenues for the first half of 2019.First half throughput rose 7% to 5.04 million teu and came on good revenues, leading to a 42% jump in net profit to $128.5 million, said a press release from the global port management company.ICTSI attributed its profit growth during the six-month period to  volume growth, tariff adjustments for certain services at multiple terminals, new contracts with shipping lines and services, as well as the continuing ramp-up of operations at new terminals.Enrique K. Razon, Jr., President and Chairman of ICTSI said: “ICTSI’s performance in the first half of 2019 has been very positive.

Manila-head quartered port and terminal operator International Container Terminal Services (ICTSI) has released solid results for 2018. ICTSI’s box volumes were higher, revenues increased and the group generated higher profit.The port operator said in a stock exchange annoucement that its consolidated volume higher by six percent to 9,736,621 twenty-foot equivalent units (TEUs) (FY2017: 9,153,458 TEUs) and revenue from port operations increased 11 percent to US$1.4 billion (FY2017: US$1.2 billion).Its net income attributable to equity holders up strongly by 22 percent to US$221.5 million (FY2017: US$182.1 million).Enrique Razon, Chairman of ICTSI said: “I am pleased to report strong full year operating results for 2018.

Philippines-based International Container Terminal Services Inc (ICTSI)  has announced a 6% decrease in income in its consolidated financial results for the first half of 2018.However, the port operator saw overall throughput rise 4% to 4.7m teu in the first half compared to 4.5m teu handled in the previous corresponding period in 2017, mainly on robust trade in the emerging markets and contributions from new terminals in Lae and Motukea in Papua New Guinea and the Australian port of Melbourne.The decrease in net income was due primarily to the start-up costs of the new terminals in Papua New Guinea and Australia; and the US$7.5 Million non-recurring gain on the termination of the sub-concession agreement in Nigeria in the second quarter of 2017…

APL, ocean carriers, providing world-class container shipping and terminal services,  has announced the launch of the Quetzal Express (QEX) service, a new weekly service that directly connects the key markets of China, Mexico and West Coast South America. APL, part of the CMA CGM said that the QEX service promises the industry’s fastest transit time of 22 days from South China to Mexico. It is also the only service that offers a direct connection from Taiwan, Central and South China to Puerto, Quetzal and Guayaquil. Together with the Condor Express (CDX), Falcon Express (FCX) and Caracara Express (CRX) services that APL recently introduced…

Hapag-Lloyd held a naming ceremony in Hamburg for the Guayaquil Express, the fourth of five newbuildings in its 10,500 TEU class. The patron is Christine Kühne, wife of Klaus-Michael Kühne, majority shareholder and Honorary Chairman of Kühne + Nagel International AG. Among those attending the christening at the Container Terminal Altenwerder in the Port of Hamburg were Olaf Scholz, the Mayor of Hamburg, and Angela Titzrath, the CEO of Hamburg Hafen und Logistik AG. “This naming ceremony is a symbol of the close connection to our home port, which is simultaneously the home port of the Guayaquil Express,” said Michael Behrendt, the Chairman of the Supervisory Board of Hapag-Lloyd AG. “For us, the Guayaquil Express is a ‘smart ship’,” said Rolf Habben Jansen, CEO of Hapag-Lloyd.

French container shipping company CMA CGM announced the launch of its new service between the west coast of the United States, Central America and South America, to be operated in collaboration with the German shipping company Hamburg Sud. Starting May 24, CMA CGM will offer a weekly service with coverage to/from the west coast of the United States, Central America and South America, enabling the agri-food industry in Central and South America to export to North American markets. The service also has the possibility of fast connections with the United States, Mexico, Guatemala, El Salvador, Nicaragua, Costa Rica and Colombia through the hubs of Lazaro Cardenas, Mexico and Buenaventura, Colombia.

Container shipping company Hapag-Lloyd held the naming ceremony for its newest German flagged containership, the Cartagena Express, at the Hyundai Samho Heavy Industries shipyard in Samho, South Korea. “With the Cartagena Express, yet another state-of-the-art ship of our 10,500 TEU fleet is setting sail. In terms of size, design and reefer capacity, it is ideally suited for the traffic between Europe and South America West Coast,” said Anthony J. Firmin, Chief Operating Officer of Hapag-Lloyd.

Hapag-Lloyd held a naming ceremony for the first of its five new vessels in its new 10,500 TEU class containerships, Valparaíso Express. Valparaíso Express was named by Rozío Gonzaléz – wife of Andrónico Luksic, Chairman of the Board of the Quiñenco Group – who performed the ceremony at the Terminal Pacifico Sur (TPS) in the port of Valparaíso, where the new ship will call regularly going forward. The Quiñenco Group is the largest shareholder of CSAV, one of the three controlling shareholders of the Hapag-Lloyd.

International Container Terminal Services, Inc. (ICTSI) today reported unaudited consolidated financial results for the first nine months of 2016 posting revenues from port operations of US$835.0 million, an increase of five percent over the US$792.0 million reported for the same period last year; Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of US$390.3 million, 15 percent higher than the US$339.5 million generated in the first nine months of 2015, and net income attributable to equity holders of US$141.9 million, up 4% from the US$136.2 million earned in the first three quarter of the previous year. Net income…

CMA CGM debuts its new service EUROSAL XL there by offering the best service offer which directly connects the West Coast of South America and Northern Europe. The new EUROSAL XL is a result of the fusion of the Group’s services EUROSAL1 and EUROSAL2. It is the best offer on the market thanks to its vast coverage of ports on the West Coast of South America and the shortest transit times on the market to Northern Europe. As an example, Chile is connected with Rotterdam in only 25 days from Valparaiso. - A new stop at Buenaventura in Colombia, which supports the export of bananas and pineapples to Northern Europe. From Buenaventura, customers…

The world’s third largest container shipping company initiated a new direct service from the Port of New Orleans to the west coast of South America this week. Marseille, France-based CMA CGM launched its Med Americas service with the arrival over the weekend of the container ship Pomerenia Sky at the Napoleon Avenue Container Terminal. The new service is wholly-operated by CMA CGM vessels and will offer weekly and direct service to San Antonio, Chile; Callao, Peru; and Buenaventura, Columbia.

Maersk acknowledges that coffee is very special, mainly in regards to the processes and requirements involved for it’s shipping. "So we have adapted the way we work so we can meet your needs," says a statement from  Maersk. "We offer you a wide coverage of ports in Colombia (Buenaventura, Baranquilla, Cartegena and Santa Marta) with weekly and constant services," it says. • Never miss an opportunity by having equipment availability. • Book spaces, manage and print documentation easily through our online e-solutions in maerskline.com, so you can do more from the comfort of your office!

APM Terminals has completed the USD 1 billion acquisition of Spanish Grup Maritim TCB’s port and rail interests. APM Terminals has yet to receive approval for three of 11 terminals under Grup Maritim TCB, but has decided to move ahead with the acquisition, as the remaining terminals constitute less than 5% of the value of the acquisition. The acquisition thus adds 8 ports with a combined 2 million TEU equity-weighted volume to APM Terminals, expanding the network to 72 operating ports, across 69 countries. The acquisition complements APM Terminals current portfolio, adding 7% throughput in key locations including Spanish container terminal concessions in Barcelona, Valencia and Castellon, on the Mediterranean coast, along with the concessions in Gijon, on the Bay of Biscay.

The growing worldwide demand for marine technologies, port construction and shipbuilding is generating new export opportunities for U.S. companies. As more firms look to boost their bottom line by maximizing their reach to the more than 95 percent of world consumers who live outside of the United States, many are taking advantage of numerous export resources along the way. At the same time, many other businesses have yet to export. International Trade Specialist Maryanne Burke leads the U.S. Commercial Service’s Marine Technology Team, and is based at the Boston U.S.

International Container Terminal Services, Inc. (ICTSI) reported audited consolidated financial results for the year ended December 31, 2015 posting revenue from port operations of US$1.051 billion, one percent lower compared to US$1.061 billion the year earlier; Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of US$450.0 million, two percent higher than the US$443.0 million generated the previous year; and reported Net Income attributable to equity holders of US$58.5 million, down 68 percent compared to the US$182.0 million earned in 2014. Diluted earnings per share for the period declined 85 percent to US$0.011 from US$0.075 in 2014.

Dan-Bunkering, has signed a partnership with Australian Bunkers for physical supplies in Buenaventura, Colombia, that will develop and strength its physical presence in Latin America. Dan-Bunkering will handle all sales and will provide risk management while Australian Bunkers, who has been present in the area of Buenaventura since 1998, will handle the sourcing, blending, supply and storage of the products. The Dan-Bunkering offices in Valparaiso, Chile, and Montevideo, Uruguay…

International Container Terminal Services, Inc. (ICTSI) today reported unaudited consolidated financial results for the first nine months of 2015 posting revenues from port operations of US$792.0 million, an increase of two percent over the US$779.2 million reported for the same period last year; Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of US$339.5 million, four percent higher than the US$326.1 million generated in the first nine months of 2014, and net income attributable to equity holders of US$136.2 million, up 0.3% over the US$135.7 million earned in the same period last year. Diluted earnings per share for the period was one percent lower at US$0.0550 from US$0.0556 in 2014.

APM Terminals announces the agreement to purchase the remaining 39% shareholder of Grup Maritim TCB. On 8 September 2015, APM Terminals announced the agreement with Perez y Cia to acquire their majority share (61%) in Grup Maritim TCB. As a result, APM Terminals has agreed to acquire 100% of the issued shares and to become the sole controlling shareholder of Grup Maritim TCB. The implied enterprise value of the transaction is approximately USD 1 billion with expected capex investments of USD 400 mill over the next 5 years, subject to market conditions. In the short term the acquisition will be ROIC dilutive due to ongoing investments in Guatemala and other growth markets.

Sociedad Puerto Industrial de Aguadulce S.A. (SPIA), a unit of International Container Terminal Services, Inc. (ICTSI) in Colombia, recently received four super post Panamax quay cranes (QC) and five rubber-tired gantries (RTG) as it enters the final stage of preparation for the operational launch in 2016 of the Aguadulce Multi-User Container Terminal (AMCT) at the Port of Buenaventura, Colombia. Manufactured by Shanghai Zhenhua Heavy Industry Co., Ltd. (ZPMC), the QCs have an individual lifting capacity of 60 tons, and feature twin lift spreaders. They can reach up to 65 meters into the water and perform up to 40 moves per hour. With a maximum lift height of 46 meters, the QCs are capable of servicing 18,000-TEU Triple E class vessels.

APM Terminals has reached an agreement with Perez y Cia to acquire their majority stake in the Barcelona-based Grup Maritim TCB and its maritime services’ container terminal portfolio in Europe and Latin America. Grup Maritim TCB has 11 container terminals with an annual throughput capacity of 4.3 million TEUs and an estimated annual container volume of 3.5 million TEUs. The transaction is expected to close by the end of the year and is subject to certain conditions precedent, including relevant approvals. Terms and price were not disclosed. Grup Maritim TCB consists of Spanish container terminal concessions in Barcelona, Valencia and Castellon…

APM Terminals has reached an agreement with Perez y Cia to acquire their majority stake in the Barcelona-based Grup Maritim TCB and its maritime services’ container terminal portfolio in Europe and Latin America. Grup Maritim TCB has 11 container terminals with an annual throughput capacity of 4.3 million TEUs and an estimated annual container volume of 3.5 million TEUs. The transaction is expected to close by the end of the year and is subject to certain conditions precedent, including relevant approvals. Terms and price were not disclosed. Grup Maritim TCB consists of Spanish container terminal concessions in Barcelona, Valencia and Castellon…