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Juan Manuel Santos News

05 Jul 2017

Colombia Moves to Salvage Treasure from Spanish Shipwreck

Juan Manuel Santos (Photo: Juan David Tena - SIG)

Colombia is making progress towards salvaging a Spanish galleon carrying jewels and coins that sank more than 300 years ago, President Juan Manuel Santos said on Wednesday after receiving a proposal from an investor to bring it to the surface. The ship named San Jose, thought by historians to be carrying one of the largest unsalvaged maritime treasures, sank in 1708 near the historical Caribbean port of Cartagena, and its wreckage was located in 2015. "The discovery of this ship…

26 Jun 2017

Search Continues after Colombia Tourist Boat Accident

Rescue workers searched on Monday for 13 people believed to be missing after a tourist boat sank the previous day in a reservoir in north-central Colombia, killing seven. The cause of the accident was still unclear, officials said. Use of the Penol-Guatape reservoir, a popular site for water-sports and tours, was restricted as the search continued. The boat, El Almirante, was carrying about 150 passengers, officials said. Reports of the dead and missing have varied since the accident on Sunday afternoon. Authorities had initially said more than 170 people were onboard. "We have seven dead and 13 disappeared," Carlos Ivan Marquez, the head of the national disaster relief agency told journalists. Three people previously thought missing have contacted authorities, he added.

18 Jan 2017

Odebrecht Tries Again to Shed Colombia River Stake

Brazilian construction conglomerate Odebrecht is looking to dispose of its entire stake in Colombia's Magdalena River navigability project, as the company battles corruption allegations across Latin America, an official told Reuters. Odebrecht had last year planned to give up most of its 87 percent stake in the Navelena consortium, tasked with the 2.5 trillion peso ($854 million) effort to increase cargo capacity on the river, sending the government on a fruitless months-long search for a replacement. But the company later decided to keep a majority of its share after Japan's Sumitomo Mitsui bank said it would finance $250 million of the project.

17 Mar 2016

World Court to Draw up Nicaragua-Colombia Maritime Boundary

The International Court of Justice on Thursday said it would consider a claim by Nicaragua to expand its maritime boundaries in a mineral-rich part of the Caribbean Sea toward Colombia, a ruling set to further strain relations between the two countries. The judgment, separate from a decision earlier on Thursday in which the United Nations court said it would rule on alleged violations of Nicaragua's sovereignty, means a maritime delineation case between the two countries can proceed. In a televised address soon after the decision, Colombian President Juan Manuel Santos said he would not accept a ruling by a "third party" and would not participate in the case.

06 Dec 2015

Colombia to Build Museum showcasing Shipwreck Discovery

Colombia will build a museum to showcase artefacts found in the wreckage of a Spanish galleon discovered near the historic Caribbean port city of Cartagena, President Juan Manuel Santos said on Saturday. The San Jose, thought by historians to be laden with emeralds and precious coins, sank in 1708. It was part of the fleet of King Philip V, who fought the English during the War of Spanish Succession. "We will build a great museum here in Cartagena," Santos said on national television from Cartagena's naval base. "Without a doubt, without room for any doubt, we have found, 307 years after it sank, the San Jose galleon," Santos said. A team of international experts…

05 Dec 2015

Spanish Treasure Galleon San Jose Found - Colombia

Colombia has found the wreck of a Spanish galleon that sank off the coast of Cartagena and is thought to be laden with emeralds and gold and silver coins, President Juan Manuel Santos said on Friday. More details will be provided at a news conference on Saturday, Santos said from his Twitter account. The San Jose sank in 1708 in the Caribbean Sea close to the walled port city of Cartagena. It was part of the fleet of King Philip V as he fought the English during the War of Spanish Succession. "Great news! We have found the San Jose galleon. Tomorrow we will provide details at a press conference from Cartagena," Santos tweeted. The government's claim on Friday did not shed light on a legal wrangle with Sea Search Armada…

09 Jul 2015

Magdalena River Project Dredges Up Economic Promise

Magdalena River (Photo: Wiki Commons)

The hulking backhoe dredges up rocks and silt from the shallows of the muddy Magdalena River in the first laborious step to transform the waterway into an engine of economic growth. The excavation along a verdant stretch near Barrancabermeja, an inland oil and coal hub, is part of a $600 million government bid to reclaim the river, once Colombia's primary transport route. By clearing logjams, the aim is to allow big cargo barges to steam up 900 km (560 miles) from the Caribbean coast to Puerto Salgar, close to the capital Bogota.

10 Aug 2014

Guerrilla attacks Ecopetrol Oil Field in Colombia

Leftist guerrillas attacked an oil field Friday for Ecopetrol in northeastern Colombia, as part of an escalation of attacks on the economic infrastructure of the country that holds in tension the peace negotiations between the Government and the FARC. Ecopetrol said the two attacks affected the Tibú field, located in the department of Norte de Santander, which borders Venezuela, with a production of 1,800 barrels of oil per day. "Ecopetrol rejects the attacks against a team workover and field season Tibú, Norte de Santander, which endangered the lives of workers and neighboring communities," said a statement from the company that produces 750,000 barrels of oil a day.

20 Apr 2012

Port Everglades Hosts Columbian Delegation

Columbia Trade Meeting at Port Everglades: Photo credit Port Everglades

On the heels of the announcement that the Free Trade Agreement with Colombia will go into effect in May, Port Everglades and  the Fort Lauderdale-Hollywood International Airport hosted a delegation of public officials from Colombia to discuss international trade and visit Broward County's seaport. Port Everglades is the top seaport in Florida for trade with Colombia, which totaled more than $1 billion in FY 2011, representing 54 percent of Colombian trade through all of Florida's seaports last year.