SAAM Posts Profit Growth in 1H
Chilean provider of port, logistics and towage services SAAM ended the first half of 2017 with a net income of USD 43 million, showing a rise of 48.3 percent year-on-year basis. The provider of port, logistics and towage services in 13 countries in the Americas said that this figure was strongly impacted by a non-recurring gain of US$26.9 million, mainly from the sale of its minority interest in Tramarsa. “Isolating the non-recurring effect, these results reflect the challenges we are facing in an industry experiencing consolidation. For this reason, we are working hard, and with a long-term outlook, to strengthen our current assets and evaluate new opportunities in the region.
Port Extension Work Begins at Guayaquil
Terminal Portuario Guayaquil (TPG), port operated by SAAM since 2006, began one of its most important projects in recent years: the extension of its dock by 120 meters. The works will imply increasing the dock from its current 360 meters to 480 meters, project that should be completed by the end of the first quarter of 2017. "The beginning of these extension works is a milestone for TPG. This, together with other initiatives, will allow us to continue positioning the terminal as an efficient alternative in the export of products…
SAAM to Invest $140 mln
SAAM, multinational company that provides port, towage and logistics services in 15 countries in Latin America, held this morning a Shareholders’ Meeting, where it reported on the positive results of the 2015 exercise and the perspectives for 2016. In this context, the Company announced investments for US$140 million during the current year, which will be allocated to works being performed by some port terminals. Worthy of notice are the expansions undertaken at San Vicente Terminal Internacional (SVTI) and San Antonio Terminal Internacional (STI) in Chile, in addition to the expansion of Terminal Portuario de Guayaquil in Ecuador. Likewise, said figure will allow increasing and renovating the tugboat fleet, where SAAM is the fourth actor at a global level.
APM Terminals Q2 2014 Profit, Volume Growth
In its second quarter ended 30, June 2014 APM Terminals reports increases in both profits and container volume throughput. AgreementreachedtodivestAPMTerminals Virginia, Portsmouth, USA with an expected completion during Q3. APM Terminals delivered an increased profit of USD 223m (USD 179m) in Q2, driven by a strong volume growth of 8% with new terminals contributing by 2%. Additions to the network came mainly from the acquisition of NCC Group Limited by Global Ports Investments PLC, Russia in 2013 and ramp-up in the jointly owned Brasil Terminal Portuario in Santos, Brazil. Revenue increased by 6% to USD 1.1bn, reflecting the growth…
