Argentina News

10 Jun 2019

Exmar Commissions Tango FLNG

Image: Exmar

Belgian owner and operator of gas carriers Exmar has completed the commissioning of the 16,100 cbm Tango floating liquefaction unit (FLNG).The performance acceptance tests has been successful, the first cargo has been offloaded and will be exported out of Argentina, said a release from the provider of specialized floating assets.With this first shipment the start-up of the Tango FLNG is accomplished in a record time following the contract signing in November 2018 and delivery acceptance of the unit in Bahia Blanca in February 2019.

29 May 2019

Hutchison Ports, CN Rail to Build Terminal in Canada

Pic: Port de Québec

Canadian Québec Port Authority (QPA) has signed a long-term commercial agreement with Hong Kong's Hutchison Ports and Canadian National Railway (CN) to build and operate a new container terminal, known as project Laurentia.The agreement increases Hutchison Ports' global network to 52 ports spanning 27 countries including the United Kingdom, Spain, Poland, Sweden, Germany, the Netherlands, Belgium, Australia, China, Pakistan, Egypt, Argentina, Mexico and Panama, said a press release.Hutchison…

23 May 2019

DP World Strengthen Brazil Ties

Brazil Minister of Foreign Affairs, Ernesto Henrique Fraga Araujo (right) with DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem (left) during a meeting in the capital of the country, Brasilia this week. Photo: DP World

Brazil Minister of Foreign Affairs, Ernesto Henrique Fraga Araujo met with the global port operator DP World Group's Chairman and CEO, Sultan Ahmed bin Sulayem in the Brazilian capital, Brasilia this week.They discussed social reform, a stable and efficient regulatory framework to attract investors alongside public private partnerships to encourage foreign direct investment (FDI). The meeting preceded Mr. Bin Sulayem’s discussions with President Jair Bolsonaro during the visit.DP World Santos…

20 May 2019

Incat to Build World’s Largest Aluminium Ship

(Image: Incat)

Australian shipbuilder Incat said it has secured a contract to build the world’s largest aluminium ship.Incat Tasmania Pty Ltd will build the 130 meter long ship for long standing customer, Buquebus to operate between Argentina and Uruguay.The completed vessel will be the largest aluminium ferry ever built and the ninth vessel for Incat’s valued South American customer.The 130-meter ferry will join the other Incat ships already serving various ports on the River Plate (Rio Plato) between Argentina and Uruguay.At a probable 13…

25 Apr 2019

Jan De Nul Welcomes Three WIDs

Photo: Jan De Nul Group

After having recently announced the construction of its mega offshore jack-up installation vessel Voltaire, Jan De Nul Group has extended its fleet with three water injection dredgers (WID).Giovanni Venturi is the first out of three to be delivered by PaxOcean Shipyard. Jan De Nul Group recently purchased three offshore supply vessels and ordered the Singaporean shipyard to convert them into seagoing Water Injection Dredgers. Giovanni Venturi will be mobilized to its first project in Argentina.

23 Apr 2019

Hamburg Süd History is Museum Bound

Photo: copyrighted “Hamburg Süd”

Hamburg Süd and the International Maritime Museum Hamburg (IMMH) have signed an agreement to catalog and display the historical collection of the shipping company, which was founded in 1871. Using images, ship models, documents and other artefacts from Hamburg Süd’s archive, the project aims to make the history of Hamburg Süd accessible to the general public in the form of a permanent exhibition. There are also plans to organize a special exhibition for 2021 to mark the company’s 150th anniversary.

22 Apr 2019

Latin American Ports Cargo Throughput Rose 7.7%

 Pic: ECLAC - United Nations

Container throughput in ports of Latin America and the Caribbean increased by 7.7% in 2018 in comparison with the previous year.According to the Economic Commission for Latin America and the Caribbean (ECLAC), this analysis is based on the performance of a sampling of 31 countries and 118 ports and port areas in the region.According to the annual report unveiled by the United Nations organization – which was called  â€śport ranking” in prior years – the data largely maintained the heterogeneity seen in throughput behavior in previous periods, both in reference to ports and countries.

12 Apr 2019

ICTSI Argentina Opens TecPlata Terminal

Log-In’s Jacaranda berthed at Tecplata. Pic: ICTSI

International Container Terminal Services Inc (ICTSI) has inaugurated container operations at TecPlata, located in Argentina’s Puerto de La Plata.The opening ceremony was attended by the vice governor of the province of Buenos Aires, the Minister of Production and several other national, provincial and municipal officials.The opening rites were highlighted by the arrival of Jacarandá, a vessel of Log-In, a Brazilian shipping line specializing in door-to-door logistics solutions which recently signed an agreement with TecPlata…

05 Apr 2019

PSA Group Appoints Peter Voser as Chairman

Peter Voser. Photo: PSA International

PSA International, one of the world's largest port operators, announced that  Peter Voser, currently Deputy Chairman, is taking on the role of Group Chairman of the PSA Board.Fock Siew Wah stepped down as Group Chairman on 1 April 2019, and will assume the role of Special Advisor to PSA until his retirement on 31 July 2019.As one of PSA’s longest serving Chairmen, Fock has steered PSA with visionary leadership and strategic foresight since August 2005. With his astute guidance…

21 Mar 2019

Wintershall: Expanding Offshore Brazil

BASF's oil and gas subsidiary Wintershall  said it would build up its presence in the Brazilian offshore oil sector this year where it won exploration licences in 2018."It is part of our growth course that we are also active in new regions, and Brazil offers great potential," said chief executive Mario Mehren at the company's annual news conference.First results of seismic measurements in three blocks of the Potiguar basin to be operated by Wintershall are expected by mid-2020, he said.Wintershall, which is due to merge with rival DEA in the first half of this year, would also invest in the expansion of gas and oil in its core regions Russia, Norway, Argentina, the Middle East and Germany, he said. (Reuters reporting by Vera Eckert, editing by Riham Alkousaa)

22 Feb 2019

Spectrum Begins Seismic Survey in Argentina

BGP Pioneer. Image: BGP

The global seismic survey provider Spectrum, in cooperation with BGP, has started a 20,000-km (12,427-mi) 2D survey in the Colorado and Salado basin offshore Argentina.The 2D seismic survey launched to acquire data for future licensing rounds off South American country.This new program ties with Spectrum’s existing 35,000 km survey that was acquired in 2017 for the ongoing first offshore licensing round.The survey is done in cooperation with BGP utilizing the vessel BGP Pioneer.Data is being acquired with a 12 km streamer with continuous recording to image deep reflection and high fold data.

15 Feb 2019

Naval Group: Four OPVs for Argentina

Photo courtesy of Naval Group

Argentina has decided to acquire four offshore patrol vessels (OPVs) built by Naval Group. The contract entered into force on February 14, 2019, and Naval Group will now begin production on the four vessels. The first to be delivered will be L’Adroit. Developed, financed and built in less than two years by Naval Group, L’Adroit had been made available to the French Navy since 2011, thereby demonstrating its operational capabilities for the action of the State at sea. The remaining…

06 Feb 2019

Exmar's Tango FLNG Arrives in Argentina

Tango FLNG arrived in Argentina. Image: Exmar

Belgian shipowner Exmar said its first floating LNG (FLNG) production unit Tango FLNG, to be renamed Tango FLNG, has berthed in Bahia Blanca, Argentina.The Nicolas Saverys-led shipowner said in a press release that the Caribbean FLNG will stay in Bahia Blanca and produce LNG for export for YPF over a ten-year period.After contract signing in November 2018, the unit was transported from China to Argentina onboard a heavy lift vessel.The next major project milestone will involve outfitting and commissioning the unit.

06 Feb 2019

QP, Exxon to Build $10B LNG Plant in Texas

Image: Exxon Mobil

Exxon Mobil and Qatar Petroleum announced a final decision to finance a $10 billion-plus project to export liquefied natural gas (LNG) from the Texas Gulf Coast.Construction of the Golden Pass LNG export project located in Sabine Pass will begin in the first quarter of 2019 and the facility is expected to start up in 2024, said a press release.“Golden Pass will provide an increased, reliable, long-term supply of liquefied natural gas to global gas markets, stimulate local growth and create thousands of jobs…

16 Jan 2019

Buenos Aires' Exolgan Orders Four Hybrid RTGs from Kalmar

Pic: Exolgan Container Terminal

Cargo handling solutions company Kalmar has signed an agreement with Exolgan S.A. to supply a total of four rubber-tyred gantry cranes (RTGs) with hybrid drivelines for its container terminal in Buenos Aires, Argentina."The order, which also includes the supply of a spare parts package for the machines, was booked in Cargotec's 2018 Q4 order intake with delivery scheduled to take place in late 2019," said a press release from Kalmar, part of Cargotec. The Exolgan terminal in Buenos Aires is a general cargo and container-handling port terminal with strategic road…

03 Jan 2019

Moore Stephens: Leaner, Greener Shipping Will Attract Investment in 2019

Richard Greiner (Photo: Moore Stephens)

Accountant and shipping adviser Moore Stephens says shipping will continue to attract investors in 2019 if it fulfills its ESG (environmental, social and governance) responsibilities.In the latest issue of Bottom Line, the Moore Stephens shipping sector newsletter, Richard Greiner, a partner in the firm’s Shipping & Transport team, says, “It has been suggested that the future is very much like the present, only longer. Should that prove to be the case for the shipping industry…

03 Jan 2019

Tango FLNG En Route to Argentina

(Photo courtesy of EXMAR)

Belgium based EXMAR announced Thursday that its floating liquefied natural gas (FLNG) facility has left China for a 45-day voyage to the destination of its liquefaction operations at the Port of Bahia Blanca in Argentina.The barge-based Tango FLNG (previously named Caribbean FLNG) is on the move just one month after a contract was signed for a firm, 10-year deployment.Upon its arrival, the facility will be put in operation for EXMAR’s customer YPF S.A. and is expected to start up LNG production in the second quarter of 2019.

22 Dec 2018

Shipbuilding: New 110m Catamaran Named Saint John Paul II

Virtu Ferries ship launched at Incat. Photo: Incat

Shipbuilder Incat has launched the 110m vehicle / passenger ferry from the shipyard at Derwent Park in Hobart Tasmania. The ship will commence sea trials in mid January prior to delivery to her new owner Virtu Ferries for service between Malta and Sicily.Bearing the livery Saint John Paul II the vessel has been named in honor of the Pope who served from 1978 to 2005, so revered the Pope has often posthumously, but unofficially, been referred to by Catholics as "St. John Paul the Great".

21 Dec 2018

U.S. Soybean Cargo Unloaded in China

File image: Soy cargo loading (CREDIT: AdobeStock / © Igor Strukov

A vessel carrying U.S. soybeans has unloaded its cargo at the port of Qingdao in China on Friday, shipping data showed, amid a trade truce between China and the United States.The Star Laura, originally carrying 69,298 tonnes of soybeans loaded in Seattle, arrived at Qingdao outer anchorage in early November.The vessel's draft is now at 44 percent of its maximum depth, indicating it has emptied its load, data from Refinitive Eikon showed.The ship changed destination to South Korea in early November but came back to the port in eastern Shandong province in December…

19 Dec 2018

President Energy Strikes Oil in Argentina

Image: President Energy

UK-based oil and gas company President Energy President Energy has encountered oil in the third and final well of its current drill programme at the Puesto Flores concession in Argentina.Well PF0 1005 has been drilled, logged, cased and cemented to 2,360 metres both on time and on budget, the company focusing primarily on high margin production opportunities in Latin America said.Both the Punta Rosada primary target and the Lotena formation secondary target resulted in good oil…

16 Dec 2018

Qatar Buys Eni's Mexican Oil Stakes

Photo: Qatar Petroleum

Qatar Petroleum (QP) signed an agreement with Italy’s Eni SpA to acquire a 35% stake in three offshore oil Fields in Mexico.The agreement cover the Amoca, Mizton, and Tecoalli offshore oil fields, which lie in Area 1 in Mexico’s Campeche Bay, said a press statement from the Arab country's government-owned energy company.The agreement is subject to customary regulatory approvals by the government of Mexico. Following such approval, both Eni and Qatar Petroleum will jointly hold 100% interest in the Area 1 production sharing contract.Commenting on this agreement…

07 Dec 2018

British Golden Globe Yachtswoman Rescued by Cargo Ship

British solo round-the-world yachtswoman Susie Goodall was rescued by a cargo ship on Friday after her boat capsized and lost its mast during a violent storm in the southern Pacific Ocean.The 29-year-old, the youngest entrant in the Golden Globe race, had waited two days for the Hong Kong-registered Tian Fu to arrive after sending a distress signal from 2,000 nautical miles west of Cape Horn.The signal was picked up by Falmouth Coastguard in southwest England, with the alert passed on to race control and the Chilean maritime search and rescue authorities."ON THE SHIP!!!," she said on her Twitter feed after the rescue.Race organisers had earlier reported plans to lift the sailor from the deck of her yacht DHL Starlight using one of the cranes on the 38,000 tonne ship, which was heading to A

21 Nov 2018

Exmar Bags FLNG Contract from YPF

Pic: Exmar

Belgium's Exmar and YPF of Argentina announced the signing of a firm, ten-year agreement to deploy Exmar’s barge-based floating LNG liquefaction unit (FLNG) currently known as Caribbean FLNG to produce and export LNG from the Vaca Muerta source at the Neuquén Basin in Argentina.The project marks the entry of Argentina to the select club of global LNG exporting nations, with an initial plan to export 500,000 tons of LNG per year to overseas markets.Exmar’s FLNG barge will be named Tango FLNG and be deployed to the port of Bahia Blanca.

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