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Latin American

AVEVA Opens Office in Chile

AVEVA (LSE:AVV), announced on June 18, 2012 that it has further expanded its Latin American presence by opening an office in Chile.   The office in Santiago de Chile will also be the location for AVEVA’s Mining & Metals Centre of Excellence (MMCoE). The Chilean office will serve a number of Latin American countries providing sales and support for AVEVA’s entire product and solution portfolio. The new MMCoE will act as a global resource, working with customers in Latin America, Australia and other mining intensive regions.   “Chile is a very key location for AVEVA in Latin American,” said Santiago Pena, Senior Vice President of Latin America, AVEVA. "As our main hub for the Mining, Metals & Minerals industry it will also serve our customers in Argentina, Paraguay and Uruguay. The new Mining & Metals CoE is being established here to take advantage of the extensive local industry knowledge, both within AVEVA and with our customers. The MMCoE will develop customised applications and configurations for the Mining, Metals & Minerals industry, as well as special projects for our Plant customers. Our Chilean team is very customer focused and with the Latin American market, experiencing dramatic change, it is their mission to help our customers meet challenging technical and business objectives.”  


MHI Subsidiary in Brazil for FPSO Compressors

Piracicaba Factory of NGM where MCO-B office will locate. Courtesy Mitsubishi Heavy Industries Compressor Corporation

   In December Mitsubishi Heavy Industries Compressor Corporation (MCO), a Group company of Mitsubishi Heavy Industries, Ltd. (MHI) based in Hiroshima, will establish a new company in Brazil in a joint venture with Mitsubishi Corporation (MC), to be known as MHI Compressor do Brasil Ltda. (MCO-B). Creation of the new entity, which will launch commercial operations in February 2016, is targeted at developing the Latin American market for compressors


CP Ships to Acquire Nordana Line

CP Ships, one of the world's top ten container shipping companies, has reached agreement with Dannebrog of Denmark to acquire Caribbean/Latin American market specialist Nordana Line. The acquisition includes Nordana's business and services and its 10,000 teu container fleet. It also includes the time charter of three roll-on/roll-off ships owned by Dannebrog and the sub-charter of three chartered-in ships. "The acquisition of Nordana Line is a good example of one of the principal elements


Viking Life-Saving Equipment Expands to Panama

Henrik Uhd Christensen, VIKING CEO

VIKING has announced the next step in its continued global expansion with a Latin American sales and service facility at Colon, Panama.    Leading marine safety equipment provider VIKING Life-Saving Equipment has announced the addition of a Latin American sales and service facility located at Colon, Panama on November 1, 2011. The move to establish a presence in Panama is another step towards fulfilling VIKING’s goal of expanding its network to include more service and stock


As the Reefer Market Grows, Hapag-Lloyd Invests Record Volumes

Largest reefer order in Hapag-Lloyd’s history spurred by growth opportunities in the South American trade lanes Hapag-Lloyd is investing a double-digit million amount in its container fleet and has ordered 6,000 (12,000 TEU) of the latest generation of reefer containers. The Company is already one of the largest reefer carriers in the world today. This strong position will enable Hapag-Lloyd to benefit from increasing transport volumes not just on East-West trades


SunEdison Restrained from 'Unusual' Asset Transfers

Solar company SunEdison Inc said a U.S. court has restrained the company from making any unusual asset transfers until a hearing in a lawsuit brought on by investors of renewable energy company Latin American Power.   SunEdison's shares fell as much as 33 percent to $1.37, hitting its lowest in more than 14 years.   SunEdison said in October that it terminated a deal for Latin American Power five months after agreeing to buy the company


Need for Latin American Transport Infrastructure Investment Highlighted

TT Club logo

TT Club’s Senior Underwriter, Dan Negron, speaking at the recent TOC Americas Conference in Miami outlined his views on future Latin American trade growth and the pressures that this will create on the region’s transport infrastructure. Excerpts from his address follow: “Two examples of robust economies are Colombia and Peru.  The latter has grown its export trade by a multiple of five over the last decade


Ellicott Takes On Rohr-Idreco Line in Latin America

Rohr-Idreco RISD 600 (24) 100 digging depth dredge for removal of sedimentation behind the Inga dam in the Democratic Republic of Congo (Photo: Ellicott Dredges)

Ellicott Dredges LLC & Rohr-Idreco Dredge Systems, which are owned by Ellicott Dredge Enterprises, LLC, has  announced that Ellicott's Latin American Sales Manager, Andres Borasino, will be adding the Rohr-Idreco deep digging dredge product lines to his area of responsibilities.   The three product lines complement each other by offering customers multiple dredging options based on the their material and digging depth requirements


APL Extends West Coast 5 Service

West Coast  5 North Bound

APL announced today that its West Coast 5 (WC5) service will be serving the additional ports of Corinto, Acajutla and Puerto Quetzal in Central America, enhancing direct connectivity between the Port of Los Angeles and the Latin American markets.   APL said that the WC5 service has been refined to better support trade activities between Central America and the United States (U.S). As the industries of Central America continue to be key exporters of agricultural produce and commodities;


Braemar Adjusting agrees Strategic Partnership in S. America

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Braemar Adjusting has agreed a strategic partnership with Beckett Liquidadores de Seguros S.A of Chile, to act as its local resource partner in a number of countries in South America. Braemar Adjusting provides Loss Adjusting, Risk Assessment, Legal/Expert Witness and Dispute Resolution services to the Energy, Marine, Mining and Construction insurance industries, through its strategically-located global network of offices.


Biofuels Can Cut Some Transport Emissions

File Image (CREDIT: AdobeStock)

Growing use of electric vehicles around the world is helping lower climate changing emissions, but some means of transport will be hard to electrify, particularly air travel and shipping, energy experts say.   To “decarbonise” those


FMC's Mario Cordero to be POLB Executive Director

Mario Cordero. Photo: Port of Long Beach

 The Long Beach Board of Harbor Commissioners is all set to name Mario Cordero, a former chairman and current member of the Federal Maritime Commission(FMC), as the Port of Long Beach’s (POLB) new Executive Director.   Cordero, a Long Beach resident and attorney


New Quetzal Terminal Welcomes CSAV Traiguen

Photo: APM Terminals

 The 8,600 TEU capacity CSAV Traiguen became the largest container ship to call a Guatemalan port when it arrived at Terminal de Contenedores Quetzal (TCQ) on Guatemala’s Pacific Coast on April 12th, 2017, on the maiden call of German-based Hapag-Lloyd’s Mediterranean Pacific


Weak Gasoline Prices Prompts US-bound Tanker to Alter Course

A tanker of gasoline en route to New York Harbor from Europe has been diverted to a Caribbean storage hub because a narrow window of opportunity for shipping profitably to the U.S. East Coast appears to have shut, traders said.   At least 16 tankers carrying some 600


Fitch: M&A, Not Alliances to Help Revive Container Shipping

File Image: a containership at the berth in the Port of Savannah, GA (credit: GPA)

The following statement was released by the rating agency: Mergers and acquisitions, rather than the historically more popular alliances, are inevitable to address chronic overcapacity and drive further cost savings in container shipping, Fitch Ratings says


Panama's Expanded Canal Attracts Biz and Tourists

Photo: Panama Canal Authority

 Recent expansion of the Panama Canal should lower shipping costs, say market observers. Shipping geeks will delight at this engineering marvel that revolutionized global maritime trade.   As a major Latin American hub of finance, commerce and transportation


Port of Barcelona Looks to Panama, Cuba for Growth

Photo: Panama Canal Authority

Panama and Cuba, both in the midst of growth and international expansion, are examples of two different economic models that are helping to attract foreign companies through government initiatives providing investor security.   Seeking to generate business opportunities and strengthen


MOL Reshuffles US Route, Inks Car Transport Deal

At the ceremony marking the first shipment. First from right MOL Managing Executive Officer Naotoshi Omoto Photo MOL

Mitsui O.S.K. Lines, Ltd. today announced that it has won a contract to transport vehicles manufactured at Toyota Argentina S.A. to ports on West Coast South America and West Coast Central America. Vehicles produced at Zarate plant to be exported to the majority of the Latin American Region and


Tanker Market: ‘New Normal’ Drives Downbeat Summer Sentiment

Antigone (Photo: Euronav)

The tanker market is forecast to see challenging conditions with technical and structural factors impacting earnings, according to independent research and consultancy firm Maritime Strategies International (MSI).   In its latest Tanker Freight Forecaster


This Day In Naval History: August 23

1819 - Commodore Oliver H. Perry, the hero of the Battle of Lake Erie, dies on board the schooner, USS Nonsuch, in Trinidad of a fever contracted during his successful efforts to suppress piracy while maintaining the friendship of Latin American governments. It was his 34th birthday.  


Argentina Reworks LNG Import Deals

Argentina is diverting or cancelling incoming shipments of liquefied natural gas (LNG) after mild late winter temperatures curbed fuel demand and forced state-run buyer Enarsa to rework some deals.   South America's biggest LNG importer launched back-to-back tenders in June and July after a


Navis Boosts LATAM Market Share with N4

Photo: Navis

Navis, a part of Cargotec Corporation, has announced that Colombia-based Sociedad Portuaria Regional de Cartagena (SPRC) and Terminal de Contenedores de Cartagena (CONTECAR) will both migrate to the N4 terminal operating system (TOS) following a combined twenty-year run on SPARCS.  


Oil to Water: Impala Tugs Undergo Conversion

Photo: Thordon Bearings

The first four of 15 Impala Terminals Colombia-operated tug/tow boats have been converted from oil to water-lubricated tailshaft bearings.   Impala Zambrano, the first of 15 triple-screw and twin-screw push boats scheduled for oil-to-water conversion


Royal IHC Bags Uruguay Order for TSHD

Signing ceremony custom-built TSHD ANP Uruguay

Royal IHC has signed a contract for the design, construction and delivery of a 4,200m3 trailing suction hopper dredger (TSHD) with Administración Nacional de Puertos (ANP) in Montevideo, Uruguay. The contract was signed by Mr Alberto Diaz Acosta, President of the Board of Directors of ANP


Metal Shark Makes Multiple Latin American, Caribbean Deliveries

The PRPD testing one of its new Metal Shark 36 Fearless patrol boats in the Atlantic Ocean near San Juan, Puerto Rico. (Photo: Metal Shark)

Louisiana-based boatbuilder Metal Shark has announced several new contracts with Latin American and Caribbean operators, further expanding the company’s presence in the region. At a recent ceremony with Puerto Rico’s Governor Alejandro Garcia Padilla in San Juan






 
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