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San Lorenzo News

20 Feb 2024

Parana River's Main Channel Obstructed After Vessel Runs Aground

© aerrant / Adobe Stock

A vessel carrying wheat that ran aground near the main channel of South America's Parana River has been freed but the waterway remains closed while checks are being made, the Argentine Naval Prefecture said on Tuesday.The vessel ran aground on Feb.17 and "was heading outbound in laden condition, navigating with a draft of 10.23 meters and carrying 31,121 metric tons of wheat," Inchcape Shipping said in a notice.The Parana River runs through Brazil, Paraguay, and Argentina.

19 Apr 2022

Argentine Maritime Workers Plan 24-hour Strike

© claudio / Adobe Stock

Argentine ship workers will stage a 24-hour strike on Thursday to protest what they call delays by the government in awarding tenders to the sector, although the action is not expected to affect activity at key grains ports in and around Rosario.The Maritime, Port and Naval Industry Federation (Fempinra) announced the strike on Tuesday, less than a week after protests by grains truck drivers snarled up transportation of soy and corn right in the middle of the harvest season.Worker protests have grown more common in the South American country, the world's top exporter of processed soy and no.

13 Jan 2022

Ten Years on, Costa Concordia Shipwreck Still Haunts Survivors, Islanders

Credit: biancia

Ester Percossi can still hear the screams, feel the cold and see the terror in people's eyes.She is one of the survivors of the shipwreck of the Costa Concordia, the luxury cruise liner that capsized after hitting rocks just off the coast of the small Italian island of Giglio on Jan. 13, 2012, killing 32 people in one of Europe's worst maritime disasters.Percossi and other survivors have returned to the island to pay tribute to the dead and again thank the islanders who, in the dark and dead of winter…

27 Dec 2021

Italian Sea Group Buys Bankrupt Yacht Builder for $91 Million

(Image: Perini Navi)

The Italian Sea Group said on Wednesday it had bought bankrupt luxury yacht maker Perini Navi for 80 million euros ($91 million) in an auction held by a court in Lucca, Tuscany.Italian yacht makers Ferretti Group and SanLorenzo had also offered to buy the luxury sailing brand Perini Navi, which was declared bankrupt in January.The Italian Sea Group said in a statement that the deal, funded with most of the proceeds of its IPO and through bank financing, will double its order intake for refits and lead to new contracts for the construction of 90-130 metre motor yachts.($1 = 0.8835 euros)(Report

15 Sep 2021

Italian Sea Group H1 Sales, Core Profits Double

Credit: Italian Sea Group

Revenues and core earnings at the Italian Sea Group at least doubled in the first half of the year thanks to new contracts, allowing the luxury yacht maker to narrow its full-year guidance to the higher end of a previously given range.Shares rose more than 4% after the results were released and were up 2.4% by 1200 GMT, outperforming a 0.6% drop in Milan's all-share index.The group had initially guided for 2021 net sales of between 160-170 million euros ($189-201 million) and adjusted earnings before interests, tax, depreciation and amortization (EBITDA) in the range of between 25-26 million e

08 Jul 2021

Argentine Province Orders Ports Strike to Be Lifted

© Ari / Adobe Stock

The government of Santa Fe province in Argentina late on Wednesday ordered port workers to suspend a day-old strike that had blocked grains shipments at the country's main agricultural export hub and mandated wage negotiations be resumed.Protests by port construction workers in Argentina's key grains hub Rosario had snarled exports, with roads blocked at some of the area's key export terminals, an industry official told Reuters earlier on Wednesday.The protest began late on Tuesday and on Wednesday spread to the districts of Puerto General San Martin and Timbues…

11 Nov 2020

Port Strikes Delay Grain Loadings in Argentina

© Igor Strukov / Adobe Stock

The loading of five cargo ships in different grains ports in Argentina has been stalled for days due to strikes by port workers, the labor union representing the employees and an industry source said on Wednesday.ADM and the local ACA cooperative have each had a ship waiting since Saturday to complete cargo loading at the companies' terminals in Puerto General San Martín and San Lorenzo, the shipping hub north of Rosario, according to the URGARA union.Another ADM ship and one for Louis Dreyfus are also waiting to be loaded in the port of Bahía Blanca.

09 Nov 2020

Argentina Grains Port Workers Strike Over Wages

Argentine grain port workers launched surprise strikes to protest stalled wage talks, their labor union said on Monday, delaying shipments from one of the world's top exporters."We are going to make surprise halts as much as we consider it necessary," said Juan Carlos Peralta, a spokesman for the URGARA union, which represents inspectors who check the quality of grains before they are loaded onto ships."It is a strike in one of the richest sectors in Argentina. We have exhausted…

18 Sep 2019

IPO Expected for Italian Yacht-Maker Sanlorenzo

Italian motor yacht maker Sanlorenzo aims to list on the Milan Stock Exchange at about the same time as the rival Ferretti Group, with an initial public offering (IPO) expected to be launched as early as the second half of October, two people familiar with the matter said on Wednesday.The group is controlled by Italian entrepreneur Massimo Perotti through a family holding which bought back shares from third party investors in the recent years.The group plans to issue a mix of existing and new shares, targeting a free float of about 35%, one of the sources added.Sanlorenzo has picked Unicredit, Banca Imi and Bofa Merrill Lynch as global coordinators for its IPO.

22 Jul 2019

Sanlorenzo Americas Names New CEO

Marco Segato has been appointed CEO of Sanlorenzo Americas, the division that has aided in the Italian superyacht-builder’s expansion in North, Central and South America for the last 10 years.The  Italian shipbuilding company company said that Marco Segato, formerly Vice President of Sales of Sanlorenzo Americas since 2014, held important positions in the field of strategic consulting and business development Having developed a great wealth of experience in the boating sector, Segato has also been made a shareholder of the US company and will further build upon the growth achieved by Sanlorenzo Americas.Sanlorenzo Americas, based in Fort Lauderdale and New York leads a sales network that includes Perù, Venezuela, Brazil, Colombia, Mexico, Panama, Guatemala, Costa Rica, Canada.

23 Jun 2019

AKASOL Intros Lithium-Ion Battery

The German expert for lithium-ion battery systems AKASOL announced that,  its fast-charging battery systems power a range of prototype vessels including the brand new 31.2m Vanadis hybrid superyacht from Italian builder Cerri Cantieri Navali (CCN).The electric-vehicle battery supplier for commercial vehicles said in a press release that Vanadis, the first in CCN’s new ‘E-Prop’ line of hybrid propulsion motor yachts, is powered by traditional diesel engines and an electric engine, which are supported by generators and AKASOL’s AKASystem 15 OEM battery system.The vessel is capable of cruising short distances and anchoring under electric power, minimizing vibration, diesel exhaust pollution and noise during port calls or sleeping, all while cutting fuel costs.

30 Mar 2017

Argentine Port Workers Suspend Strike after Protester Run Over

Port workers in Greater Rosario, from where 80 percent of Argentina's grains is shipped, suspended plans for a 24-hour strike on Thursday after a truck driver ran over and killed a protester, a union leader said. The driver drove through a line of protesters and had been drinking alcohol, according to local television reports. The workers had started a strike at midnight to protest recent layoffs and demand higher salaries in a range of professions related to port operations. "We are going to suspend the day of fighting that we had planned for today," Edgardo Quiroga, a delegate for the CGT union in San Lorenzo, north of Rosario, said in an interview with local radio.

13 May 2016

Argentine Grains Port Workers Return after Brief Strike

A one-day strike at the Rosario grains export hub in Argentina ended on Friday after the government compelled union and company officials to enter into wage negotiations for 15 days, a union leader said. The strike began at midnight local time and ended around noon after the union agreed to the government mandate for a "reconciliation" period to settle the dispute, said Edgardo Quiroga, an official with the CGT union's San Lorenzo branch. "Operations are back to normal," he said. Rosario handles about 80 percent of Argentina's grains exports. San Lorenzo covers the northern districts of the Rosario hub where multinational companies like Bunge Ltd, Cargill and Louis Dreyfus Commodities BV have crushing plants and ports.

23 Nov 2015

Malaysia Detains 3 Vessels Over Illegal Oil Transfer

Three oil tanker ships were detained by the Malaysian Maritime Enforcement Agency (MMEA) off the waters of Pengerang  for illegal ship-to-ship transfer of marine fuel oil (MFO) near Pengerang. Tanjung Sedili District Maritime Enforcement head, Maritime Capt Amran Daud said all three vessels were detained by a patrol boat at 9.15am about 3.8 nautical miles southeast of Ramunia Bay. Daud said the three ships were each registered in San Lorenzo in Peru, Kuching in Sarawak and Jakarta, Indonesia, respectively. "When detained, it was found that the MT Atami Maru was registered in San Lorenzo and has 16 Thai crew and one Indonesian crew on board and were transfering suspected marine fuel oil (MFO) to two ships, MT TB Macallan and MT TB LL Lamborghini," he said in a statement.

22 Jun 2015

Argentine Grain Worker Union in Wage Talks

Port workers who run Argentina's Rosario grains hub met on Monday with export companies for wage talks aimed at avoiding an open-ended strike that labor leaders had announced for Tuesday, a union official said. A strike at Rosario would slow soy and corn exports in the middle of Argentina's main harvesting and shipping season. Talks are complicated by Argentina's inflation rate, estimated by private economists at more than 25 percent. "We are at the ministry negotiating. Everything depends on that," Alberto Maldonado, an official with the San Lorenzo chapter of the CGT labor federation. The strike had been set to start at midnight (0300 GMT) on Tuesday, the CGT said over the weekend.

21 Jun 2015

Port Workers to Strike on Tuesday at Argentine Grains Hub

Port workers in Argentina's Rosario grains export hub will kick off a strike on Tuesday to demand salary improvements and union rights, the local port chamber said on Saturday. The strike, which is set to start at midnight local time (0300 GMT) on Tuesday "will take place in such a manner as to interrupt all activities related to the agriculture exporting companies in the jurisdiction," said the San Lorenzo branch of the CGT labor federation. San Lorenzo covers the northern districts of the Rosario hub where multinational companies such as Bunge Ltd, Cargill and Louis Dreyfus Commodities BV have crushing plants and ports. The CGT counts quality control inspectors and dock workers among its members in Rosario.

05 May 2015

Argentine Soyoil Exports Slowed by Strike

Argentina soyoil shipments were slowed on Tuesday by the start of a wage strike by a union representing 20 percent of the country's crushing workers, while the powerful CGT dock-workers union debated whether to join work stoppage. Argentina is being racked by wage negotiations driven by inflation estimated by private economists at 25 to 30 percent. The country is the world's No. 1 exporter of soyoil, used in the international biofuels industry, and soymeal livestock feed. It is also the No. 3 supplier of raw soybeans. Soy is a key source of protein for cattle, chickens and pigs as world food demand rises and diets in Asia shift from rice toward meat.

29 Apr 2015

Argentine Port Strike May Cut Soy Flow, Raise World Food Prices

Argentina's main grains port of Rosario was paralyzed at midday on Wednesday by an open-ended wage strike by boat captains needed to help dock incoming cargo ships, the country's port management chamber said. At a busy time of the year for exporters, smack in the middle of Southern Hemisphere soy and corn harvest season, the country's dock workers also threatened a work stoppage if their own pay demands are not met. The strikes threaten to slow supply from grains powerhouse Argentina, putting upward pressure on world food prices. The country is the world's top exporter of soymeal livestock feed, its No. 3 supplier of raw soybeans and a major producer of corn and wheat.

08 Mar 2015

$50 million Sale in Dubai Boat Show

Around $50 million in sales was recorded at this year’s Dubai International Boat Show (DIBS), which concluded on Saturday, organizers have claimed. The five-day event, which took place at the Dubai International Marine Club, showcased more than 430 boats and over 800 exhibiting companies and brands from more than 54 countries and was attended by an estimated 26,000 local and international visitors. UAE-based Al Shaali Marine, who unveiled the AS 100 super yacht this year, valued at $5.45 million (Dh20 million), said they were expecting to sell at least three super yachts and seven medium-sized boats by the end of the show. “Not only were we expecting to sell super yachts and boats…

17 Jul 2014

Strike Affects Ports in Argentina

Discharge/loading operations at Timbues, San Martin and San Lorenzo are are affected by the indefinite strike declared by CGT San Lorenzo starting at 18:00 hours local time yesterday (16 July). Meanwhile, the Customs Union S.U.P.A.R.A. has announced a strike on from 13:00 to 06:00 (next day) on July 24 and 25, and from 11:00 t0 06:00 hours (next day) on July 31 and August 1. No overtime work will be available during these periods. Ports affected to date so far are Bahia Blanca, Necochea and upriver ports: Timbues, San Martin and San Lorenzo. Further information about operations in Argentina, and elsewhere in the Americas, contact the GAC Houston Hub Agency Center at [email protected]

11 Sep 2014

Giant Reefer Ship Makes Maiden Call in Rotterdam

Cap San Lorenzo (photo courtesy of the Port of Rotterdam)

Hamburg Süd’s Cap San Lorenzo docked for the first time in the port of Rotterdam on Thursday, September 4. At the Euromax Terminal, the captain was presented with the traditional port plaque   associated with a maiden call, in the presence of Port of Rotterdam Authority CEO Allard Castelein. The Cap San Lorenzo is the fourth containership in a series of six newbuild vessels for the shipping line. The ship, 333 meters long and 48 meters wide, has a capacity of 9,600 TEU. With 2…

09 Dec 2014

Regulatory Changes at San Lorenzo

Inchcape Shipping Services is issuing guidance about new towage regulations affecting the port of San Lorenzo in Argentina. Effective from 15 December, and in accordance with local Coast Guard regulation PZBP R17 N° 07/14, all vessels mooring at the terminals Axion, Chacabuco (YPF), Nidera, Tránsito, Pampa and Dempa will have to use tug boats for their departure. This will apply to maneuvers and to proceed with navigation either upriver, or to turn downstream. Please note that vessels with LOA up to 160 metres are exempted, for an LOA between 160m and 210m vessels will be required to use one tugboat, and vessels with LOA over 210 meters will be required to use two tugboats. Customers are invited to contact ISS Argentina directly for further details [email protected]

19 Dec 2014

Port Workers in Argentine Grain Hub End Strike

Port workers in part of the Argentine grains hub of Rosario lifted a work stoppage on Friday, only a day after they went on strike over demands for higher year-end bonuses, a union official said. The strike briefly halted activity at the ports of Timbues, San Martin and San Lorenzo, all part of the Rosario shipping complex along the Parana River. "We just signed a deal with the export companies, which has allowed us to end the work stoppage," Edgardo Quiroga, spokesman for the CGT labor organization told Reuters. Argentina is the world's No. 3 soybean exporter and top supplier of soymeal livestock feed. It is also a major producer of wheat, shipped mostly to neighboring Brazil, and corn.