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Saturday, January 20, 2018

Latin America News

Santos Port to Suspend Shipments of Live Animals

© Stockninja / Adobe Stock

The company that operates Latin America’s largest port in the Brazilian city of Santos said on Friday it will suspend shipments of live animals. The company detailed its decision in a letter seen by Reuters that was sent by state-run Companhia Docas do Estado de São Paulo to a congressman. A press officer at Codesp, as the state-run operator is known, said the letter was authentic. Later, the company sent a statement confirming the suspension. The statement said that kind of operation…

Will China's Economic Slowdown Affect Latin America Trade?

Erik Bethel, of SinoLatin Capital addressed the question at recent Latin America China Investors Forum in Shanghai. Amidst much speculation regarding the slowdown of China’s GDP, with 2012 estimates likely to fall below 8%, SinoLatin Capital dispelled fears of a “China Meltdown” to an audience of 500 delegates from Latin America and China. “Latin America will continue to be an indispensable commodities supplier for China. “The majority of the China analysts in the western media are focused on the short-term,” noted Bethel. “Will China’s GDP growth decline by one percent or by two percent this year? I think people are missing the more important medium and long-term picture. The China story is about demographics and urbanization.

AVEVA Opens Office in Chile

AVEVA (LSE:AVV) 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 Center of Excellence (MMCoE). The new MMCoE will act as a global resource, working with customers in Latin America, Australia and other mining intensive regions. “I am delighted that we are continuing to expand our presence in Latin America”, added Richard Longdon, CEO, AVEVA. ”The opening of Mining & Metals CoE is a reflection of the growth in the plant industry in Latin America and our firm commitment to engaging with this market.

Maersk Line Launches Latin America, Asia Service

Image: Maersk Line

Maersk Line announced changes to its AC network with the launch of its AC1 service, connecting the West Coast of Latin America with Asia, beginning at the end of June. According to Maerks Line, the AC1 service, connecting the West Coast of Latin America to Asia, will provide greater port coverage and reduced transit times on select corridors. By reducing the size of vessels operating on the AC2 service, the shipping line will be able to introduce a third loop to the network. While overall capacity on the AC network will remain the same…

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.

APL Increases Port Calls Of Asia Latin America Service

Photo:  APL

The  ocean carrier APL has announced three additional ports of call for the weekly Asia Latin America Service (ALX). Including Callao, Da Chan Bay and Valparaiso, the expanded ALX service will offer a more comprehensive coverage across Asia, Manzanillo in Mexico, and South America west coast. “Export manufacturers from Asia, in particular those from the Pearl River Delta can expect to exploit a larger market coverage in the Americas via the direct service of ALX from Asia to South America west coast.

Intelsat Launches Intelsat 31

Launch of Intelsat 31 Photo Intelsat

Intelsat S.A. (NYSE: I), operator of the world’s first Globalized Network, powered by its leading satellite backbone, announced the successful launch of the Intelsat 31 satellite, which is hosting the DLA-2 payload for DIRECTV Latin America. Intelsat 31 was launched from the Baikonur Cosmodrome, Kazakhstan aboard an ILS Proton launch vehicle. Liftoff occurred at 7:10 GMT. The Intelsat 31 satellite separated from the rocket’s upper stage at 22:41 GMT, and signal acquisition has been confirmed.

LNG Shipping Under Threat from Cargo Diversions

Graph: Drewry  LNG Forecaster report

If Asian buyers continue to divert their contracted supply from the US towards Europe and Latin America, it will reduce demand for LNG vessels in the long term by cutting down on long-haul trade, according to the latest edition of the LNG Forecaster report published by global shipping consultancy Drewry. Drewry has been maintaining a bullish long-term outlook for LNG shipping for quite some time and expects rates to improve substantially from 2018 onwards. One of the major reasons for this outlook is the expansion in US LNG supply.

Maersk Hikes Latin America Freight Rate 30%

Photo courtesy of Maersk

According to 'Newsroom Panama' the increase, announced May 17,  is ascribed to high fuel costs, the price of steel, ports, and containers. In the last five years oil prices have increased by 250%, while Maersk Line rates have dropped over 10% in Latin America compared to its competition, said Robbert Jan van Trooijen, manager of Maersk Line for Latin America. Although Maersk is one of the main users of the [Panama] Canal, ports and railways, the impact of rising rates will affect  Panamanian exporters who send their products abroad by container.

Crowley Promotes Clapp to VP of Pricing

Crowley announced that Rob Clapp has been promoted from director to vice president of pricing and yield management for the company's Latin America liner services group. He will continue to remain domiciled in Jacksonville and report to John Hourihan, senior vice president and general manager, Latin America. "Rob has done an excellent job managing our pricing and yield management strategies," said Hourihan. Clapp joined Crowley in 1988 in the corporate accounting department and has held positions of increasing responsibility with Jacksonville-based liner subsidiary, Crowley Liner Services, including manager of management reporting and manager of strategic planning. In 1999, he assumed the position of director of finance for Latin America, and in Feb.

ACP Chairman Addresses Executives

Panama Canal Authority (ACP) Board Chairman and Concurrent Minister of Canal Affairs Dr. Ricaurte Vásquez Morales spoke at a private-sector forum hosted by the Inter-American Development Bank (IDB) and Japan Bank for International Cooperation (JBIC) in Tokyo, Japan last Friday, September 22. Dr. Vásquez briefed forum participants on the Panama Canal expansion proposal, as well as highlighted investment and business opportunities in the areas of infrastructure, multi-modal transportation, information technology and logistics. The forum was designed to strengthen and develop partnerships between business leaders in Latin America and the Caribbean with their counterparts in Japan and other East Asian countries.

Moore Stephens Strengthens BI Team in Latin America

Leading accountant and consultant Moore Stephens has recruited insurance analyst Norma Peralta as Operations Manager for Moore Stephens Latin America, based in Panama City. Norma joins Moore Stephens from ProClarity Corporation, the U.S.-headquartered provider of analytical solutions with whom Moore Stephens has a strategic worldwide partnership. Norma's work will involve a range of consultancy, project management, strategic planning, training, sales and demonstration work in connection with Business Intelligence (BI) solutions for the insurance industry.

Volvo Penta Americas Strengthens Leadership Team

Volvo Penta announced three key appointments to the newly formed Volvo Penta Region Americas organizational structure. This organizational realignment brings together all of North, Central and South America, and the Caribbean under a unified management structure. Customers, OEMs and dealers will see more direct and coordinated support within the Americas. The addition of the Latin America organization comes into effect Jan. 1, 2013. Julia Zelenock has been named director of marketing. She will be responsible for managing and implementing a strategic marketing plan that builds, promotes and communicates Volvo Penta’s brand, products and services in the marine and industrial market sectors.

Naval Patrol Craft, Weapons – Brazil Conference Offers Market Insight

Senior officials of the regional seas of Brazil, Chile, Colombia, Ecuador and Trinidad and Tobago, as well as international representatives of the United States Coast Guard and Department of Defense of the United States will lead sessions of the inaugural Offshore Patrol Vessels in Latin America Conference, which will be held from 21 to 23 May 2012 in the Stock Exchange Convention Center in Rio de Janeiro, Brazil. The forum during the three-day conference will be the first ever undertaken collaboratively with the Navy of Brazil to explore patrol vessels and combat surface ships throughout Latin America. In this communication platform for decision makers naval and maritime security…

India's Oil Imports Surged in 2017

© Igor Yu. Groshev / Adobe Stock photo

India's oil imports rose by about 1.8 percent in 2017 to a record 4.37 million barrels per day (bpd) as the country boosted purchases to feed its expanded refining capacity, ship-tracking data obtained from sources and data compiled by Thomson Reuters Oil Research & Forecasts showed. To meet its growing fuel demand India, the world's third-biggest oil consumer, raised its refining capacity in the second half of 2017. India's capacity expansion to about 5 million bpd was aided by Reliance Industries…

GranInvestimentos and Royal IHC Join Forces

Brazilian company GranInvestimentos and Dutch company Royal IHC are joining forces to deliver integrated life cycle solutions to customers in the oil and gas sector. Through this partnership, both companies are set to increase their operational and service activities, and expand their presence in Latin America. The association came into effect when IHC acquired a 50 percent share of GranEnergia – a subsidiary of GranInvestimentos that is active in the oil and gas market. The new partnership will be named GranIHC Services. It will provide integrated services to customers in the oil and gas industry in the fields of offshore maintenance and repair, logistical services and infrastructure facilities.

Mammoet Opens New Latin America, Europe Offices

Mammoet’s PTC200DS Crane at work for Quip - Petrobras, Brazil

Mammoet has opened a new office in São Paulo, Brazil, replacing its previous premises in the city. The new office serves as main office for the whole Latin America region.Additionally, Mammoet opened a new crane depot in Europe at the Port of Antwerp. The Latin America office, located on the first floor of EBP’s Torre A, Rua Werner von Siemens 111 in Lapa, carries a greenhouse certificate, making it one of the few in the region to have such environmental certification. The new…

Swiber Wins Siazable Offshore Contracts

Offshore construction & services provider Swiber wins SE Asia & Latin America contracts worth altogether about US$ 143-million. The contracts comprise an approximate US$100 million contract for offshore construction work in Southeast Asia; and an approximate US$43 million contract for the charter of a construction vessel that will be deployed to Latin America this year. Work for the US$100 million contract is expected to commence in Q1 2013 with expected completion by Q3 2013. Work for the US$43 million contract win will begin this year, with an option to extend for the next two years. Commented Mr. Francis Wong, Group Chief Executive Officer and President of Swiber…

Crowley Promotes Clapp and Brown

Rinus Schepen, Senior Vice President and General Manager of Crowley's Latin America services announced that Rob Clapp has been promoted to Director of Pricing and Yield Management and Brad Brown has been promoted to Director of Finance for the Latin America liner services group. Both will remain domiciled in Jacksonville and report to Schepen. In his new position, Clapp is responsible for all contract administration, pricing and yield management activities. He joined Crowley in 1988 as an accountant in the company's financial reporting department. Since then he has held positions of increasing responsibility within the Latin America liner services group, including Manager of Management Reporting, Manager of Planning and Director of Finance.

CMA CGM Services to Asia and Mexico, Central America & WCSA

Photo: CMA CGM

In a continued effort to provide our customers with reliable and efficient services from Asia to Latin America, CMA CGM wishes to inform about the improvement of ACSA services linking Asia to Mexico, Central America and West Coast South America. Port coverage will increase and will be improved with: Pusan EB call, Balboa EB and Coronel on ACSA 2. CMA CGM will keep providing the most efficient services to link Asia to West Coast Latin America and Caribbean: 4 unique direct services from Asia to Mexico…

APL, MOL, NYK Launch Joint Service

APL, Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kaisha (NYK) have together launched a new joint service between trading hubs in Asia and ports in Mexico, Colombia and Panama. In a joint statement made by the carriers, APL, MOL and NYK said Asia is an important market for exporters in Latin America. By providing weekly sailings, competitive transit times, as well as regional connectivity to Central America, West Coast South America and the Caribbean basin, the lines said shippers would be well-served, in particular those who are moving refrigerated cargo from Latin America to the fast growing Asian markets. The Asia- South America Service (ASA) service replaces the Southeast Asia 1 (SE1) service. Eight post-Panamax ships of about 6,000 TEUs will be deployed in the joint service.

DGX Adds Ocean Services to Latin America

Dependable Global Express, Inc. (DGX), a global ocean freight forwarder and NVOCC (non-vessel operating common carrier), and the only neutral freight consolidator serving Central and South America from the U.S. An every other week LCL (less-than-container load) consolidation service from Los Angeles to Buenaventura, Colombia. Antonio Bellido, DGX's Trade Lane Manager for Latin America indicated, "These new service offerings represent another step in expanding DGX’s West Coast Central and South America service network.

Fuel Dynamics to Expand Operations in Latin America

Fuel Dynamics LLC plans to expand its operations significantly in Latin America. The company holds exclusive distribution rights in North and South America to Fuel Mag, NSA, a highly effective diesel fuel decontamination unit. The company expanded its presence recently with the help of J.P. Electronics, a Miami firm with strong links to the region. Diesel fuel contamination, a major problem for boat owners in the U.S., is even more widespread in Latin American countries, and affects every sort of diesel power system, including emergency backup generators and primary power systems.

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