Port Of South America News

What started as a red-hot container market for Far East to U.S. trades has now spread to other routes, with rates from the Far East to Brazil seeing particularly high spot rates, BIMCO says. On January 24, 2021, the base freight rate for a forty-foot container from the Far East to the Port of Santos reached $9,299. Average rates for January are now 230.5% higher than they were in January 2020.Santos is the largest container port in South America, handling 4.2 million TEU in 2019 alone.The red-hot spot market is a result of the imbalance of trade over the past year…

Hong Kong-based international port operator Cosco Shipping Ports has completed the equity transaction of project company responsible for its greenfield subsidiary at the Port of Chancay, Peru.With the equitytransaction of the Project Company was officially completed on 10 May 2019, Port of Chancay became the company’s first greenfield subsidiary in South America and COSCO Shipping Ports plans to developing the port to an important gateway port in South America.In January 2019, Cosco signed a subscription and investment agreement with Volcan to acquire a 60% stake in the facility, which is located 58 kilometres north of the Peru’s capital…

Contecon Guayaquil SA (CGSA) became the first port in South America to obtain a carbon-neutral certification, with the Ecuador Ministry of Environment and environmental ratings agency, Sambito SA, recognizing the company’s strong and priority commitment to the environment.According to ICTSI, the operator of the Port, the certification marking CGSA’s compliance to ISO 14064-1 standards lauds the company’s policies that are directed and translated towards greater sustainability initiatives, as well as the incorporation of technologies that reduces the operation’s impact to Ecuador’s largest and premier maritime gateway.“This carbon neutral certification awarded to Contecon Guayaquil is a testament of our firm and unbreakable commitment to preserve the environment in our own way.

Dubai-based DP World, , one of the world's largest port operators, said it had bought a logistics firm  Cosmos Agencia Maritima (CAM) in Peru for $315.7 million, giving it a 50 percent stake in the country's second largest container terminal. "CAM owns a fully integrated logistics service business (Neptunia S.A and Triton Transport S.A)that offers end-to-end solutions to its customers. The logistics division offers an integrated platform of solutions in activities related to foreign trade, product storage and distribution, as well as freight services that facilitate development and implementation of industry specific projects," said a press release from the company.

Direct services between Asia and the East Coast of South America will begin port calls at APM Terminals Buenos Aires, Argentina, and APM Terminals Itajaí, Brazil. The joint service deployed by Hapag-Lloyd, NYK, ZIM, Hyundai and Hamburg Sud prefers their vessels call APM Terminals' facilities in Itajai (Brazil) and T4 in Buenos Aires (Argentina). The weekly Asian service, operated jointly with 13 vessels from Hapag-Lloyd, NYK, Zim, Hamburg Süd and Hyundai, will call the Asian ports of Kelang, Singapore, Qingdao, Shanghai, Ningbo, Hong Kong, Shekou and Busan. The service will begin August 25th with the arrival of the first vessel into Terminal 4 Buenos Aires.

Royal Boskalis Westminster N.V. (Boskalis) and joint venture partner Van Oord have been awarded a contract by The Brazilian Ministry of Transport, Ports and Civil Aviation for the capital and maintenance dredging of the port of Santos, the largest port of South America. The contract carries a total value for the joint venture of approximately EUR 110 million.   In the coming months, studies will be undertaken and the design of the navigation channels and berths of the port will be reviewed. Subsequent dredging operations are expected to commence later this year with the deployment of various trailing suction hopper dredgers and a backhoe dredger. The dredging activities are expected to be completed in 2018.

Van Oord has been awarded a contract by the Brazilian Ministry of Transport, Ports and Civil Aviation for the capital and maintenance dredging of the port of Santos. This project in the largest port of South America will be executed in a joint venture with Boskalis. The contract carries a total value for the joint venture of approximately EUR 110 million. In the coming months studies will be done and the design of the navigation channels and berths of the port will be reviewed. Subsequent dredging operations are expected to start later this year with the deployment of various trailing suction hopper dredgers and a backhoe dredger. The dredging activities are expected to be completed in 2018.

RUSCON has shown strong growth in 2015 despite a significant fall in Russia’s overall container traffic. The company reported a 32% increase in export traffic, compared with the Russian total of a mere 1.6% rise in exported containers. Total Russian imports fell by 31% to fewer than 1 million containers. RUSCON import traffic fell just 4.5%. The operation at the Black Sea port of Novorossiysk continues to show RUSCON’s biggest growth, with a total of 119,170 containers handled in 2015 compared with 107,037 in 2014 (11% up). Traffic though ports on the Russian Pacific grew to 5,729 laden containers in 2015 compared with 5,361 the previous year (7% up).

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.’s existing multipurpose facility in Cartagena, Colombia. APM Terminals will hold a 51% majority share in the operation, which includes annual throughput capacities of 250,000 TEUs and 1.5 million tons of general cargo. “We are proud to expand the APM Terminals Global Terminal Network into this important South American market in partnership with such a highly respected business as Compas SA, and we look forward to building upon their achievements in the port of Cartagena” said APM Terminals CEO Kim Fejfer. CCTO and Compas S.A.

APM Terminals and Colombian-based port and terminal operating company, Compañia de Puertos Asociados S.A. (Compas S.A.) have signed a joint venture agreement to jointly manage and operate Compas S.A.’s existing multipurpose Cartagena Terminal. APM Terminals and Compas S.A. will jointly invest over USD $200 million in upgrading and expanding the Cartagena Terminal, including state-of-the-art terminal equipment. The upgrade will triple annual throughput capacity for the terminal to handle the larger vessels transiting the widened Panama Canal. While Compas S.A. will continue to be the concession holder, APM Terminals will hold a 51% majority share in the joint venture that will run the facility.

As some pre-salt plays begin production, a wide range of subsea infrastructure is being built, with O&G transportation pipeline grids being one of the vital downstream systems. Saipem has been recipient of the first major contracts to install deepwater pre-salt pipelines by national operator Petrobras. Claudio Paschoa, Maritime Reporter’s correspondent in Brazil brings us an in-depth look at Saipem’s vessels and projects in Brazil. Saipem’s pipelaying segment is part of a unified Business Unit Engineering & Construction, an entity with more than 30,000 employees from more than 100 nationalities, with more than 60 permanent establishments and numerous project execution centers worldwide, which has maintained yearly revenues exceeding $13 billion.

Port Everglades officials are encouraged after the House of Representatives passed the Water Resources Reform and Development Act (WRRDA) this week by a vote of 417-3, including the Manager’s Amendment which would allow Port Everglades to move forward with its critical harbor deepening and widening project prior to formal congressional approval. Now that both the House and Senate have passed their respective pieces of water resources legislation, they will appoint a conference committee to resolve differences between the two bills.

Saipem has agreed the acquisition of 100% of TPG (Terminal Portuário de Guarujá S.A.), a company which fully owns, as a perpetual concession, an area of 35 hectares in Guarujá, within the industrial hub of Santos, the largest port of South America, in the state of  São Paulo. The area is strategically located, approximately 350 km from Santos Basin, the offshore Brazilian region where ultra-deep water pre salt fields are being discovered, and approximately 650 kilometres from Campos Basin, the other most important Brazilian offshore basin. Saipem will develop the area through the construction of a fabrication yard, for subsea and floating structures, and of a logistics base.