Peru News

China's Cosco Shipping confirmed that investment in Peru's Chancay port continues and that it expects a quick resolution to a pending question over exclusivity rights to the facility, a local executive told reporters on Tuesday.Carlos Tejada, the company's general manager in Peru, made the announcement at an international trade event in the capital Lima.Last month, the Asian shipping firm said it was evaluating the impact of a move by Peru's government to annul the exclusivity it holds over operations at the under-construction megaport, seen as a key driver of growth for the South American cou

A resolution to end a dispute between Peru and China's Cosco Shipping could come as soon as this week to ensure a megaport will start operations as planned by the end of the year, Peru's Prime Minister Gustavo Adrianzen said on Thursday.The Peruvian port authority said in Marchit hoped to annul its decision granting exclusivity of the port's operations to Cosco, citing an "administrative error."Cosco, which is investing $1.3 billion in the first stage of the terminal, has said the push affects the "security and legal stability of investments."On Thursday…

SAAM reported net income of US$501 million in 2023, representing its best-ever results thanks to the sale of its port and logistics assets to Hapag-Lloyd, which generated a net gain of US$422 million.Sales for the year totaled US$540 million and EBITDA was US$160 million, surpassing the prior year by 17% and 9%, respectively."The sale of our port terminal and inland logistics operations leaves us in a solid position to move forward on the path we have set for ourselves: to lead the consolidation process in the towage industry and grow in air cargo logistics services.

(The Center Square) - The U.S. Coast Guard says it “will not enforce” a new California Air Resources Board regulation, citing “safety concerns.”The Coast Guard and business organizations oppose CARB's requirement that commercial harbor craft install diesel particulate filters (DPF) linked to a number of fires. Seventeen states are suing the Environmental Protection Agency for giving an exemption to California alone to enact its own air standards that, by power of its market size…

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.

The PSA Wayra ASD tug will soon enter service for PSA Marine Peru, a wholly owned subsidiary of PSA Marine (Pte) Ltd, as the first tug with a hybrid drive system on South America’s west coast. Hong Kong-based Cheoy Lee Shipyards has built the PSA Wayra on the RAmparts 2400W design from Robert Allan Ltd. The tug is propelled by SCHOTTEL RudderPropellers featuring patented SYDRIVE-M technology. This mechanical hybrid solution without the costly complexity of common hybrid technology reduces both the vessel’s maintenance costs and its fuel consumption.

Reported incidents of piracy and attacks on vessels are on the rise in key hotspot areas such as the Gulf of Guinea and Singapore Straits.Sixty-five incidents of piracy and armed robbery against ships were recorded globally in the first half of 2023, an increase from 58 incidents for the same period in 2022, according to a mid-year report from the ICC International Maritime Bureau (IMB). Of the 65 incidents reported, 57 vessels were boarded, four had attempted attacks, two were hijacked and two were fired upon. Perpetrators successfully boarded 90% of targeted vessels.

Indigenous protesters in the Peruvian Amazon have released two oil tankers and their crew members being held since last week in protest over changes to a development fund, a source at the company operating the vessels, PetroTal, said on Monday.The firm's marine shipments in the area also resumed earlier on Monday, the source added.The two ships were hijacked on Tuesday, one with 40,000 barrels of crude aboard. The release occurred on Saturday after a meeting between the Indigenous group's leaders and local authorities…

A group of indigenous protesters in Peru's remote Amazon region attacked two oil tankers with gasoline bombs apparently because they are angry about changes by the government to social oil funds, the operator of the vessels said on Wednesday.A dozen crew members from both tankers, one of which contained 40,000 barrels of crude, were also kidnapped by the assailants, according to a statement from Canada-based PetroTal.PetroTal accused protesters affiliated with indigenous association Aidecobap of blocking an Amazon tributary preventing the passage of the two oil tankers, one of which was empty,

China’s COSCO Shipping Holdings suspended construction on a tunnel for a major port project in northern Peru after a partial landslide struck, a company official said on Tuesday.The company is working to understand what caused the landslide, said Romulo Zarauz, a manager with the Chinese company’s local unit.The incident took place Tuesday morning in the coastal province of Huaral, about 56 miles (90 km) north of the capital Lima, damaging at least four houses near the tunnel…

As companies race to expand renewable energy and the batteries to store it, finding sufficient amounts of rare earth metals to build the technology is no easy feat. That’s leading mining companies to take a closer look at a largely unexplored frontier – the deep ocean seabed.A wealth of these metals can be found in manganese nodules that look like cobblestones scattered across wide areas of deep ocean seabed. But the fragile ecosystems deep in the oceans are little understood…

The Swedish-built Combat Boat 90 (CB 90) has established itself with military forces around the world as both a warrior and a workhorse. The 52-foot boats first entered service in 1991 as troop carriers with the Swedish Marines, which is still procuring them. There are more than 250 operating worldwide today.These rugged boats are optimized for high-speed / shallow-draft operations in and around Sweden’s many coastal islands, but they have also proven to be ideal for a variety of other applications and operating environments.The CB 90 is 52 feet long, with a draft of just 2 feet 7 inches.

Trinidad and Tobago's state-owned gas company has started work on designing a small-scale liquefied natural gas (LNG) hub that could help the Caribbean move away from oil-based power generation, the firm told Reuters.Trinidad is Latin America's largest LNG exporter and the project, expected to be operational by 2025, will have a handling capacity of up to 500,000 tonnes a year, National Gas Company (NGC) said. The facility, capable of storing, handling and shipping LNG for the region…

SAAM concluded the purchase of Ian Taylor’s towage operations in Peru."This transaction will allow us to continue consolidating our presence in Peru, with the service offering we are known for and extensive geographic coverage. We are committed to continuing to operate with excellence and safety once we add this first-rate fleet," said SAAM Towage Managing Director Hernán Gómez.SAAM Towage has been operating since 2021 in Peru. With this investment, it strengthens its presence…

SAAM Towage announced it will receive a new tug for its fleet in Panama, the SAAM Quibian, purchased from Türkiye-based Sanmar Shipyards.SAAM Towage’s Technical Manager Pablo Cáceres explained that “this tug’s equipment has been specially selected to reinforce our customers’ needs in Panama, while its compact design ensures safe maneuvers.”SAAM Quibian, the third tug to join the SAAM Towage Panamanian fleet, owes its name to the legend of a brave chief from the Caribbean coastal…

The 2022 biennial, multi-national Rim of the Pacific's (RIMPAC) exercise has come to a close.This year’s exercise with the theme of “Capable Adaptive Partners,” featured 26 participating nations and 38 surface ships, three submarines, more than 30 uncrewed systems, approximately 170 aircraft, and more than 25,000 personnel.RIMPAC 2022 featured a wide range of capabilities--projecting the inherent flexibility of maritime forces and helping to promote a free and open Indo-Pacific, and took place in and around the Hawaiian Islands and Southern California, June 29 to Aug.

Ahead Sanitation Systems, Inc. is fast becoming a leading manufacturer and distributor of marine sanitation systems, products and supplies after more than two decades serving the industry. Those looking can find an Ahead Tank somewhere across all seven seas and most major rivers and lakes in between.Winton I. Rebouche, Jr., known to friends and customers as Boo Boo, is the founder and sole owner of the Broussard, La.-based company. In the late ’80s, Boo Boo worked selling pipe…

SAAM Towage has taken delivery of the tug Cóndor, acquired from Sanmar Shipyards in Turkey and now located in the Port of Callao. This is the sixth tug to join the fleet in Peru, and its main features are its energy efficiency and high maneuverability.Cristián Cifuentes, Country Manager of SAAM Towage Chile, said, “Cóndor is designed to maneuver safely in ports with reduced spaces.

The United States, the world's top natural gas producer, wants to send more liquefied natural gas (LNG) to Europe to help its allies break their dependence on Russian gas after Moscow invaded Ukraine on Feb. 24.But U.S. exports are limited by the country's liquefaction capacity and an ongoing outage at Freeport LNG's plant after the second-biggest U.S. LNG export facility was hit by fire in June.Russia, once Europe's biggest gas supplier, has already cut exports for various reasons this year…

Wärtsilä Voyage acquired PortLink Global, a global port solutions company headquartered in Vancouver, Canada. The move is intended to speed Wärtsilä Voyage along its path towards creating an end-to-end connected maritime ecosystem.The transaction was signed and closed in June 2022.PortLink and Wärtsilä Voyage have partnered in the past – collaborating on projects including the co-development of a Port Management Information System (PMIS) for the largest Mediterranean and African port…

SAAM's Towage Division has agreed to buy 17 tugs operating in Brazil from the Brazilian company Starnav. The deal also involves the purchase of four additional tugs currently under construction.SAAM CEO Macario Valdés said the deal was one of the largest transactions in SAAM’s history."The transaction was valued at US$150 million for the 17 active tugs, all state-of-the-art, flexible, high-capacity vessels. Another US$48 million will be disbursed for four tugs under construction…

SAAM Towage reported that it has signed an agreement with Ian Taylor to acquire the company's towage operations in Peru, which currently provides services with four tugs at the ports of Callao and Paita.“This agreement, just like the acquisition in Canada of Standard Towing and Davies Tugboats formalized a few weeks ago, is part of our strategy to lead the consolidation process taking place in the towage industry. It will enable us to continue to strengthen our presence along the Pacific Coast…

SAAM Towage expanded its fleet in Chile with the arrival of a new tug dubbed Halcón III.“This new vessel is very symbolic, since it will be called Halcón III. Its predecessor (Halcón I) had a single shaft and was one of the first tugs to start operating at SAAM. Today, almost 60 years later, we can see how technology has advanced at the service of foreign trade. We now have a state-of-the-art unit that will enable us to continue efficiently and safely supporting maneuvers at domestic ports…