SAAM Acquires Intertug
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…
SAAM Towage to Enter El Salvador Market
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.
Boskalis Bags El Salvador FSRU Gig
Dutch dredging, offshore and heavylift company Royal Boskalis Westminster N.V. has been awarded a major contract to connect an offshore Floating Storage and Regasification Unit (FSRU) to an onshore power plant in El Salvador.The contract was awarded by Energia del Pacifico (EDP), a 378-MW liquefied natural gas (LNG)-to-power infrastructure project at the Port of Acajutla, El Salvador. The project will commence early 2020 and is scheduled to be operational by the end of 2021.The…
Training for L. American Maritime Leaders
A regional workshop organized by International Maritime Organization (IMO) has provided senior maritime administration officials in Latin America with the latest information on current and future developments at the Organization.The workshop for the regional maritime authorities networks, ROCRAM and ROCRAM-CA was held at IMO Headquarters in London (26 November) in the margin of the 31st IMO Assembly.The 28 participants received detailed information about the activities within…
Empowering Women in Maritime
"Women bring intelligence and high skills to all fields of the shipping industry – let’s throw off the bowlines!”.This is the message from Port Captain Basak, one of the latest maritime women being featured by International Maritime Organization (IMO) under this year’s World Maritime theme: “Empowering women in the Maritime Community”.Women from across globe are giving an insight into their work, aspirations, how IMO’s Women in Maritime Program has supported them – and their top…
SOLAS Training in S. America
International Maritime Organization (IMO)’s most important ship safety treaty – SOLAS – provides for safe merchant shipping, covering a wide variety of topics, from ship construction to fire protection, to life-saving appliances and cargo carriage.SOLAS generally applies only to ships above a certain size which make international voyages, but IMO’s efforts to improve ship safety go further – extending to so-called “non-SOLAS” vessels. These include fishing vessels, domestic ferries…
IMO Organizes Training on SOLAS
International Maritime Organization (IMO) ’s most important ship safety treaty – SOLAS – provides for safe merchant shipping, covering a wide variety of topics, from ship construction to fire protection, to life-saving appliances and cargo carriage.According to the UN body, SOLAS generally applies only to ships above a certain size which make international voyages, but IMO’s efforts to improve ship safety go further – extending to so-called “non-SOLAS” vessels. These include fishing vessels…
Workshop on Safe Handling Dangerous Goods
A variety of important measures must be applied to transport dangerous goods in packaged form and solid bulk by ship safely, says International Maritime Organization (IMO).According to the UN body, these include correct identification, classification, packaging, labelling, handling, storage, loading, stowage, unloading and transport.These measures are covered by IMO’s International Maritime Dangerous Goods Code (IMDG) and the International Maritime Solid Bulk Cargo Code (IMSBC) – the subject of an IMO training workshop underway in San José…
Latin America Empowers Maritime Women
International Maritime Organization (IMO), with support from Malaysia, has given fresh impetus to an important regional network helping to promote women in the maritime community in Latin America.At a meeting in Colombia, (18-20 September 2019), the network of Women of the Maritime Authorities of Latin America (MAMLa) was put on a firm foundation. Maritime Authorities include Argentina, Brazil, Bolivia, Costa Rica, Chile, Colombia, Cuba, Dominican Republic, Ecuador, El Salvador…
ICTSI in Talks with Honduran Govt
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…
Caribbean to Enhance Maritime Capacity
International Maritime Organization (IMO) has signed a new Memorandum of Understanding (MoU) with the Republic of Chile, to extend Chile's technical assistance to countries in the Caribbean region, in addition to Latin America.According to the UN body, the MoU on Technical Cooperation, signed by the Directorate General of Maritime Territory and Merchant Marine (DIRECTEMAR) of the Republic of Chile, replaces earlier MoUs (signed in 2002 and 2005) and strengthens the collaboration…
Panama Canal Expansion Allows More NGL Transists
In June 2016, the Panama Canal Authority, the body that operates the Panama Canal, opened a third set of locks that facilitated transit of larger ships, the first such expansion since the canal was completed in 1914.In the years since the canal was expanded, the largest change in petroleum flows through the canal has been the increase of hydrocarbon gas liquids (HGL), especially propane, from the U.S. Gulf Coast to destinations in Asia. HGL represents all natural gas liquids (NGL)…
U.S. Yards: Competing – and Winning – Here and Across the Big Pond
Louisiana-based Metal Shark powers into the second half of 2018 with a healthy backlog, multiple recent deliveries into foreign markets, and a portfolio of patrol craft that has attracted multiple clients – here and abroad. Key patrol boat contracts for this rapidly expanding builder include the U.S. Coast Guard Response Boat – Small (RB-S). Over 300 of these units are service since the award of the contract in 2012 and, says Metal Shark, new units are in production and shipping weekly. Separately, over 50 of the U.S.
Metal Shark is Competing - and Winning - Here and Oversees
U.S. shipbuilder Metal Shark powers into the second half of 2018 with a healthy backlog, multiple recent deliveries into foreign markets, and a portfolio of patrol craft that has attracted multiple clients – here and abroad.At a time when more than a few workboat builders are feeling the pain of lingering offshore malaise and an oversupplied inland market that no longer needs large quantities of barges, Louisiana-based Metal Shark has found its groove in a suddenly active and highly competitive niche market.
New Women in Maritime Network Launched
Central and Latin America celebrated the launch of a new women in the maritime network in Valparaíso, Chile (13-15 December), which joins the International Maritime Organization (IMO) family of regional Women in Maritime Associations (WIMAs), giving visibility and recognition to the role women play as key resources for the maritime sector. Sixty two women from 18 countries (Argentina, Bolivia, Chile, Columbia, Costa Rica, Cuba, Dominican Republic, Ecuador, El Salvador, Guatemala…
T/S Nate Kills 22 in Central America, Bears Down on U.S. GoM
Tropical Storm Nate killed at least 22 people in Central America on Thursday as it pummeled the region with heavy rain while heading toward Mexico's Caribbean resorts and the U.S. Gulf Coast, where it could strike as a hurricane this weekend. In Nicaragua, at least 11 people died, seven others were reported missing and thousands had to evacuate homes because of flooding, said the country's vice president Rosario Murillo. Emergency officials in Costa Rica reported that at least eight people were killed due to the lashing rain, including two children.
Metal Shark Wins $54 Mln US Navy Contract
Louisiana-based shipbuilder Metal Shark said it has been awarded a contract worth up to $54 million from the U.S. Navy to build Near Coastal Patrol Vessels (NCPVs) for U.S. partner nations through the Department of Defense Foreign Military Sales (FMS) program. Metal Shark’s proposal was selected by Naval Sea Systems Command from a field of six competing shipyards. Under the terms of the award, Metal Shark will build up to thirteen 85-foot Defiant-class welded aluminum cutters for the Dominican Republic, El Salvador, Honduras, Costa Rica, Guatemala and other U.S. partner nations.
Bulk Carrier Rescues Fishermen off Peru
The commercial bulk carrier Global Vega rescued seven fishermen in distress on May 21 off the coast of Peru. While Global Vega was sailing from the port of Acajutla, El Salvador, to the port of Callao, Peru, the vessel came upon a fishing boat having engine trouble. Food and fresh water were provided to the fishermen and their boat was moored to Global Vega. Afterward, the fishermen and their boat were safely delivered to the Peruvian Coast Guard. Global Vega is a bulk carrier operated by NYK Bulk & Projects Carriers Ltd., a wholly owned subsidiary of NYK Line. Captain: Arturo F.
CMA CGM, Hamburg Sud Launch Americas Service
French container shipping company CMA CGM announced the launch of its new service between the west coast of the United States, Central America and South America, to be operated in collaboration with the German shipping company Hamburg Sud. Starting May 24, CMA CGM will offer a weekly service with coverage to/from the west coast of the United States, Central America and South America, enabling the agri-food industry in Central and South America to export to North American markets.
OPC, CHEC ink deal for Puerto Cortes expansion
Operadura Portuaria Centroamericana SA de CV (OPC) has signed a contract with China Harbour Engineering Company (CHEC) for the first phase of the expansion of the Specialized Container and Cargo Terminal in Puerto Cortes, Honduras. The first phase covers the construction of a 350-meter long berth with a controlling depth of 15.5 meters, two trestles that will be connected to the existing yard, and dredging of the bay up to 14 meters deep. The new berth will be equipped with two super post-Panamax quay cranes, bringing OPC’s total number of quay cranes to six.
Seaboard Marine Expands Services from U.S. Gulf
Seaboard Marine will launch a new weekly service commencing on Sunday, July 24, 2016, from New Orleans connecting U.S. exporters to Colombia, Panama, and Costa Rica in addition to Honduras, Guatemala, El Salvador and Nicaragua. The expanded service, which previously served only North Central America, will now provide U.S. importers and exporters in Colombia, Panama, and Costa Rica with fast, direct transit to the United States Gulf. Jose Concepcion, Seaboard Marine Vice President…
1,076 Graduate from U.S. Naval Academy
The U.S. Naval Academy graduated 1,076 men and women at the annual graduation and commissioning ceremony May 27 at Navy-Marine Corps Memorial Stadium. U.S. Naval Academy Superintendent Vice Adm. The Class of 2016 boasts an 89 percent graduation rate and, according to Carter, "unprecedented" academic and athletic success. Eight midshipmen received prestigious graduate scholarships, including one Rhodes Scholarship, one Mitchell Scholarship, two Truman Scholarships, three Gates Scholarships and one Schwarzman Scholarship.
US Seizes 'Narco Sub' with 8 Tons of Cocaine
U.S. authorities have seized a submarine-like vessel loaded with more than seven tonnes of cocaine off the coast of El Salvador, the Guardian reports. U.S. Navy, Customs and Border Protection and Coast Guard personnel took part in the operation. The semi-submersible vessel was tracked in international waters off the El Salvador coast by U.S. aircraft. It was intercepted by the Coast Guard after a speedboat began to approach. Inside the semi-submersible, authorities found 274 bales packed with 7,650kg (16,870 pounds) of cocaine worth hundreds of millions of dollars.