Central America News

08 Oct 2020

Cutting Machinery Firm HGG Eyes US Growth

(Photo: HGG)

With much of North America still reeling from the pandemic, HGG Profiling Equipment continues to grow, responding to immediate and anticipated customer demand for profile-cutting machinery. Since opening its new 6,500-square-foot facility in Houston in this spring 2020, HGG has added an area manager to its sales and support team, three new customer service and support specialists, and two new service technicians.HGG recently expanded its North American sales coverage by adding Todd Wellens as Area Manager for eastern and midwestern US and Canada…

24 Jun 2020

SAAM Places $42 Million in Bonds

(Photo: SAAM)

SAAM, operator of port, towage and logistics services in the Americas, placed a total of UF 1.2 million (US$42 million) in bonds on the local market Tuesday. The funds will be used primarily to finance the company’s investment plan, it said.“The placement drew strong demand from local capital market investors. This issuance reinforces the market’s confidence in SAAM even in these times of crisis. The funds will be used primarily to finance our growth plan and consolidate our position in the twelve countries where we operate…

22 May 2020

South Korea's DSME Wins $330M FSRU Order

Photo of a previous FSRU project by DSME - Image by V. Tonic - MarineTraffic

South Korean shipbuilder Daewoo Shipbuilding Marine and Engineering (DSME) has received an order for a large liquefied natural gas (LNG) floating storage regasification unit (FSRU).In a statement on the Korea Exchange, DSME said the contract was worth around 411 billion South Korean Won, or around $330 million.DSME did not say who the client was, except that it was a shipowner based in Central America. The vessel is expected to be delivered in late-June 2023.According to South Korea's Yonhap News Agency…

15 Apr 2020

Marine Jet Power Adds to Growing Team in the Americas

Left to right: Cole Merritt, Sales Manager, OEM Sales, Americas & Peter Gonzalez, Aftermarket Sales and Training Manager, Americas (Photo: MJP)

Marine Jet Power (MJP) announced Cole Merritt and Peter Gonzalez have joined its business development team in the Americas.“Peter and Cole are a welcome addition to the MJP team in the Americas. As we continue to expand our footprint in the region their experience and expertise will be invaluable as we strive to offer an unmatched customer experience for shipyards, boat builders and operators,” said MJP President and Regional Director, Michael Rickey.Both Peter and Cole started…

02 Apr 2020

Coronavirus-stricken Zaandam to Dock in Florida

Zaandam (Photo: Holland America Line)

Two Holland America Line cruise ships, including the coronavirus-hit Zaandam, are scheduled to dock at Port Everglades on Thursday, a spokesperson for the Florida port confirmed.The port said it would hold berths open for the two ships as details for the conditions of arrival are being finalized. An estimated time of arrival is to be determined.Florida has been working with the cruise line and the U.S. government to develop a plan to allow thousands of passengers exposed to COVID…

01 Apr 2020

Trump Urges Florida to Welcome Coronavirus-hit Cruise Ship

Zaandam (Photo: Holland America Line)

U.S. President Donald Trump on Tuesday urged Florida officials to open an Atlantic Coast port to a Dutch cruise ship stuck at sea with a deadly coronavirus outbreak onboard, urging the governor to drop his opposition.Weighing in on the fate of Holland America Line’s MS Zaandam during a White House briefing, Trump said he would call Florida Governor Ron DeSantis, who has declared the vessel unwelcome to prevent its sick passengers from being “dumped” on his state.“They’re dying on the ship…

23 Feb 2020

Hurtigruten Makes History in Antarctica

MS Roald Amundsen carries passengers to 70 Degrees South in the Antarctic region, the furthest south of any Hurtigruten expedition cruise ship in the company's 127-year history. Image: Hurtigruten

MS Roald Amundsen, a battery-hybrid powered expedition cruise ship operated by Hurtigruten, has been exploring waters further south than any ship operated by the line in its 127-year history.The world's first hybrid electric-powered expedition ship crossed the Antarctic Circle and kept going, reaching the ice edge at 70 degrees south on Wednesday at 4:14 p.m. on February 19th Antarctica time."Our guests are thrilled! This is what Hurtigruten's expedition cruises are all about, pushing new frontiers and creating unique experiences for guests from all over the world.

19 Jan 2020

SAAM Acquires Intertug

Image: Sociedad Matriz SAAM S.A

Chilean logistics company SAAM has struck a deal to buy Intertug Investment Holding, a towage services company with operations in Colombia, Mexico and Honduras.SAAM will spend $54.5 million for 70% of Intertug, based on an enterprise value of $98 million, and carry out the acquisition through a capital increase and a share purchase, it said in a stock market exchange announcement.Intertug's 25-vessel fleet logs more than 18,000 maneuvers a year, generating around US$44 million in towage service revenue annually.The partnership with Intertug allows us to enter Colombia…

26 Dec 2019

SAAM Towage to Enter El Salvador Market

Image Credit: SAAM

Latest move to Enter El Salvador with Energía del Pacífico will Reinforce SAAM Towage's Presence in Central America.The Managing Director of SAAM Towage, Felipe Rioja, celebrated the company’s upcoming launch in the new market: El Salvador. “We will provide services for the Energía del Pacífico (EDP) project at the Port of Acajutla, which reinforces our presence in Central America and our commitment to the region,” he commented.The long-term agreement with EDP calls for allocating three tugs, two of which are new, to power plant operations.

17 Nov 2019

APAC to Fuel Global Wind Power

Graph: GlobalData

Global wind power market size increased from $71.6bn in 2010 to $96.4bn in 2018. During the 2019–2030 forecast period, significant capacity additions in the Asia-Pacific (APAC) region are expected to drive that market, increasing the market size to $124.6bn by 2030.A report from GlobalData revealed that China is the global leader in terms of both capacity additions and in terms of cumulative wind capacity in 2018. The report also finds that offshore wind power will gain popularity and increase its share of total capacity during 2019–2030.Harshavardhan Reddy Nagatham…

11 Nov 2019

AEO Status for APM Terminals Quetzal

Pic: APM Terminals

Guatemala’s Superintendence of Tax Administration (SAT), customs entity, has recognized APM Terminals Quetzal’s transparency and security through its accreditation as an Authorized Economic Operator (AEO). The terminals achieved a 100% compliance rating.The terminal uses a state-of-the-art terminal operating system to optimize security, control and cargo management. It also enables customs and customers to work together as efficiently as possible.Authorized Economic Operator (AEO) recognized the terminal’s compliance with international and local security standards…

08 Nov 2019

IMO2020: Market Uncertainty Brings More Fuel Oil Price Volatility

Photo: BIMCO

The oil market has recently been shaken up by geopolitical events, but volatility in the price difference between low and high sulphur fuel cannot be explained by that alone – the uncertainty is the chaos factor.The uncertainty of the upcoming IMO 2020 Sulphur cap regulation (IMO2020) is having a big impact on the bunker market. Whereas, the price for Marine Gas Oil Low Sulphur (MGO LS) has largely remained stable, the price for High Sulphur Fuel oil (HSFO) has been become increasingly more volatile in recent months.

30 Oct 2019

KVH Introduces TracVision UHD7

Photo: KVH

KVH Industries has introduced the TracVision UHD7, a high-performance 60 cm (24 inch) marine satellite TV antenna designed to provide boat owners, charter yacht guests, and commercial vessel crews with access to ultra high-definition (UHD) and 4K programming from DIRECTV as well as regular HD programming from other leading satellite TV providers. The system is on display at the Fort Lauderdale (FL) International Boat Show, October 30-November 3, in Booth 328.Designed for ease of installation and use…

09 Oct 2019

Panama Canal Reports Record FY 2019 Tonnage

File Image: Panama Canal (Credit AdobeStock / © evenfh

The Panama Canal has closed the 2019 fiscal year (FY19) with a record tonnage of 469 million Panama Canal tons (PC/UMS), a 6.2 percent increase compared to FY2018.With this figure, the waterway exceeds the 450.7 million PC/UMS tons projection for FY2019, as well as the record tonnage of 442 million PC/UMS tons registered in the previous fiscal year. These record-setting results reflect the Canal workforce's commitment to efficiency and ongoing investments in infrastructure, which will allow the waterway to meet the growing demand and offer a reliable and safe service to customers.

28 Aug 2019

ICTSI in Talks with Honduran Govt

Photo:  ICTSI

The global port management company, International Container Terminal Services, Inc. (ICTSI) said that its Honduran unit  Operadora Portuaria Centroamericana (OPC) is in talks with the government of Honduras to improve the facilities at Puerto Cortes, Central America 4’s (CA-4).Puerto Cortes, Central America 4’s (CA-4) largest port operated by OPC, can expect faster cargo movement in and around the terminal with OPC beefing up its partnership with Honduran authorities for improved and more efficient port services…

14 Aug 2019

BIMCO: US Soya Bean Exports - Up or Down?

Photo: BIMCO

The trade war has brought increased attention to the soya bean trade between the US and China with 2019 offering conflicting narratives. On one hand, soya bean exports to China in the first six months of 2019 are up 10.9% compared with the first half of 2018, while on the other, exports to China in the 2018/2019 marketing year are down 68.7%.With the 2019/2020 marketing year now just round the corner, this trade is unlikely to return to pre-trade war levels. The combined effects of a worsening relationship between the nations as well as a smaller US soya bean crop…

14 Jul 2019

USCGC Munro's Record Cocaine Haul

Pic: USNI

The U.S. Coast Guard has released dramatic video of the moment it captured a drug smuggling vessel in the Eastern Pacific.U.S. Coast Guard Cutter Munro (WMSL-755) returned to San Diego from its maiden drug interdiction mission Thursday with a record 39,000 pounds of cocaine seized from smugglers in the Pacific Ocean.The cocaine and 933 pounds of marijuana were seized during 14 drug interdiction and disruptions off the coasts of Mexico, Central America and South America during the past three months. The drugs have a combined street value of $569 million, Coast Guard officials said.

09 Jul 2019

ARG, Sea Ready Enter Marine Lube Deal

Chief Executive Officer – Tony Capasso (third from left) and Chief Technology and Marketing Officer – Oliver Ferguson (right) of Sea Ready Marine Petroleum met with American Refining Group (ARG) leadership recently at its Bradford, Pa., refinery. Representing ARG were (from left) Vice President – Sales & Marketing John Malone, Vice President – Research and Development David Krantz and President and Chief Operating Officer Jon Giberson.

American Refining Group Inc. (ARG) announced its new partnership with veteran-owned small business Sea Ready Marine Petroleum, as ARG has designated Sea Ready as its global distributor of its refinery’s marine lubricants.Already the largest zinc-free (ZF) railroad-engine oil supplier east of the Mississippi River, ARG is taking its marine line of Specialty Lubricants to sea. The full line includes formulations customers have relied upon and trusted for decades, particularly its…

02 Jul 2019

Hamburg Süd, Maersk Strengthen Portfolio

Photo: © HHM / Dietmar Hasenpusch

Hamburg Süd has strengthened its product portfolio on the Europe with new stand-alone service offered in collaboration with Maersk.The trade between Europe and Central America, Caribbean and South America West Coast has always been a key element in Hamburg Süd’s global network of liner services. In cooperation with Maersk, Hamburg Süd will be expanding and enhancing the services it offers on this core trade beginning in June 2019.According to a press release, the serice will have maximum flexibility for tailor-made solutions…

30 May 2019

HGG Unveils New Ship Profiler

UPC 450 Ship Profiler (Photo: HGG)

HGG’S new UPC 450 Ship Profiler is designed to increase cutting and prefabrication productivity by eliminating the need to cut ship stiffeners and spools by hand. HGG production automation combines ship stiffener cutting, 3D profile cutting with optional tube cutting.The HGG UPC 450 Ship Profiler offers full process cutting integration through the HGG ProCAM Software Suite, integrating thermal cutting HGG ProCAD design, HGG ProGRAM work preparation coordination, and HGG’s internationally recognized 3D plasma cutting intelligence.

17 May 2019

Hamburg Süd Expands Service

Pic: Hamburg SĂĽd

The trade between Europe and Central America, Caribbean and South America West Coast has always been a key element in the container liner shipping line Hamburg Süd’s global network of liner services.In cooperation with Maersk, Hamburg Süd will be expanding and enhancing the services it offers on this core trade beginning in June 2019.“Combining the strengths of Hamburg Süd and Maersk, we can offer our customers a best in class stand-alone service configuration without having to depend on vessel sharing agreements with other shipping companies…

06 May 2019

Hapag-Lloyd Names "Hanseatic nature" in Hamburg

Pic: Hapag-Lloyd Cruises

Hapag-Lloyd Cruises presented the Hanseatic nature for the first time in Hamburg on Saturday (May 04, 2019).The provider of adventure and classic cruising with luxury voyages to Polar Regions, Caribbean, Central America, Europe & more said that Hanseatic nature is the first of three, structurally- identical ships in the cruise line’s new expedition class. The ship left Hamburg on May 5, 2019 for its inaugural cruise, which will take it to the Hebrides, Orkney Islands and Shetland Islands, finishing in Bergen.

02 May 2019

USCG Commissions Newest FRC in San Diego

U.S. Coast Guard photo by Petty Officer 1st Class Patrick Kelley

The Coast Guard commissioned the newest California-based 154-foot Fast Response Cutter in San Diego, Wednesday.The Benjamin Bottoms is the fourth Sentinel-Class Fast Response Cutter (FRC) to be homeported at Base Los Angeles-Long Beach.While these ships will be based in San Pedro, they will operate throughout the 11th Coast Guard District, which includes all of California and international waters off of Mexico and Central America. "Radioman First Class Benjamin Bottoms is a Coast Guard hero," said Adm. Charles Ray, the Coast Guard vice commandant.

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