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Sunday, January 21, 2018

Latin American News

INTERTANKO sets up Latin American Panel

INTERTANKO, the International Association of Independent Tanker Owners which represents some 240 members in 54 countries operating over 2,100 tankers has set up a Latin American Panel of members. Petrobras Transporte - Transpetro. the Association. (PMI Trading) and Elizio Araujo Neto (Transpetro). between the Association and its members in this region. communication with existing members. American Panel, Asian Panel and Hellenic Forum of INTERTANKO members. INTERTANKO's Managing Director comments: "The creation of the Latin American Panel and the strong support shown for it by the INTERTANKO membership is an acknowledgement of the growing importance of oil transportation in the region.

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.

Kobelt Opens Houston Branch

Kobelt Manufacturing Company Limited has opened an office in Houston, vice president Tom Kobelt announced. "Our Houston office, staffed with professionals who understand the Latin American Culture and business customs will help us improve presence in the Latin American and the Gulf of Mexico marketplace, and provide better service to our customers," said Kobelt.

Dredge Yard to Participate in Latin American Congress of Ports

Dredge Yard announced it will for the first time participate in the Latin American Congress of Ports that will be held in less than a week in Puerto Iguazú in Argentina. Dredge Yard’s objectives are to showcase its latest innovations in realm of dredging and mining equipment, to exchange the ideas and experiences between the port authorities, dredging companies, operators, service providers and maritime industry leaders. AAPA Congress is the annual meeting par excellence and it is considered to be one of the most important events of the sector because it gathers leaders and company representatives of the activity in the whole Continent. Dredge Yard’s participation will include a stand and sponsorship of the event.

AVEVA Continues Latin America Expansion

AVEVA (LSE:AVV) has expanded within the Latin America region with recent significant customer wins and 60 full time staff as it continues its rapid growth. “Latin American is a key growth area for AVEVA. The engineering software market is a significant outperformer. We very much see ourselves as key players in that success”, said Richard Longdon, CEO, AVEVA. “We have won many new customers in the region including the recently announced Promon Engenharia and SETAL Óleo e Gás”. With a focus on Oil & Gas, AVEVA has worked with the engineering community in Brazil on pre-salt discovery and has seen a significant share of new projects for design tools which include AVEVA PDMS, AVEVA’s flagship 3D engineering software become the bestselling within in Brazil.

AAPA to Host Port Management Seminar

The top issues relevant to Caribbean and Latin American port professionals, including navigation dredging, seaport security, port privatization, Panama Canal expansion and port operating strategies, will be featured at the American Association of Port Authorities’ (AAPA) Executive Management Conference for Latin America and the Caribbean, Feb. 12-14. The conference will be held in Miami’s Marriott Biscayne Bay Hotel and Marina.

Tanker Pacific Establishes North & Latin American Headquarters In Miami-Dade County

The Beacon Council announced that Tanker Pacific Management from Singapore has established its North and Latin American headquarters in Miami. Tanker Pacific is the largest privately owned tanker operator in Singapore. Founded in 1990, Tanker Pacific specializes in maritime transportation of petroleum, as well as management of offshore storage terminals. The focus of the Miami office is mainly on expanding the company's commercial reach and providing better service to its customers in the Americas. The company also plans to have a dedicated team of professionals explore new business opportunities and investments in the region. The focus of Tanker Pacific's operations has historically been large tankers…

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, with a focus on expanding sales of compressors for use in Floating Production…

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, which owns wind and hydropower projects in Chile and Peru. The restraining order also affects SunEdison's yieldco TerraForm Power, SunEdison spokesman Ben Harborne said on Friday. "The judge's order will remain in place pending a hearing on Feb. 25 and does not affect either company's ability to conduct normal business operations," Harborne said in an email.

Dry Bulk Rates Set For A Fall

A fall in dry bulk freight rates is looming nearer as the impact of strong Latin American grain business fades, brokers said this week. "As the boost from the Latin American grain season recedes, the sector's overwhelming fleet supply problems will come to the fore once again," Oslo broker Lorentzen & Stemoco (L&S said in a market report. Panamax ships have been the main beneficiaries of the strength of grain trade. In its most recent monthly report London broker SSY noted that Panamax trades had experienced their strongest quarter since 1995 at around $11,650 per day. "The 5.25 million tons of wheat and coarse grains shipped from Argentina in January and February 2001 was up 49 percent on the same period in 2000 and the strongest start to any year on record," it added.

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.

Seaports Association Elects 2011-12 Board

Virginia Port Authority Executive Director Jerry Bridges

Virginia Port Authority Executive Director Named Chairman; Two Past AAPA Board Directors Receive Distinguished Service Award. Virginia Port Authority Executive Director Jerry Bridges was formally installed on Sept. 15 as the American Association of Port Authorities' (AAPA) chairman of the board for 2011-12. Mr. Bridges accepted his new chairmanship duties at a membership meeting in Seattle during which the entire slate of 2011-12 officers was inducted as part of AAPA's 100th Annual Convention.

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…

INTERTANKO Latin American Panel Meeting Discusses Changes

The third meeting of INTERTANKO’s Latin American Panel convened in Miami on July 24 to discuss a wide-ranging agenda. Capt. Howard Snaith updated the Panel on recent changes and increased activity on issues concerning chemical tankers within the Association and further reported on recent discussions at MEPC 49, which culminated in a compromise proposal for revisions of MARPOL Annex II. Of particular interest to the region, it was reported that Brazil had signed an agreement for the use of CDI reports for Port State Control purposes. It was agreed that INTERTANKO would encourage other countries in the region to use both CDI and SIRE reports, either through the Viña del Mar - the Latin American Agreement on Port State Control - or by direct contact with maritime authorities in each country.

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.

Heavy Iraq Crude Has Limited Appeal for US Gulf Coast Buyers

Sellers of a new grade of Iraqi oil are competing fiercely to win market share on the U.S. Gulf Coast, though high sulfur content has limited appeal for refiners of the crude, known as Basra Heavy. Iraq's State Oil Marketing Organization (SOMO) began selling the crude with an API gravity of about 23 degrees in May after separating it from the Basra Light stream to resolve quality and consistency issues and reach new customers. The first shipments of Basra Heavy to the U.S. Gulf Coast were modest. They peaked in October at nearly 2.5 million barrels, then plunged 80 percent in November. December arrivals have also been low, according to Reuters vessel tracking data.

Crowley To Form New Subsidiary

Crowley Maritime Corp. said that upon the sale of its South American liner services to Hamburg Süd, it will operate its remaining Caribbean and Latin American services under a new name - Crowley Liner Services. The wholly owned subsidiary of Crowley Maritime will be divided into two separate operating units, Crowley Liner Services - Puerto Rico/Caribbean and Crowley Liner Services - Latin America. The company has established a revised target date of November 1 for the sale of its South America liner services to Hamburg Sud who will continue to operate the South America services under the Crowley American Transport brand name.

Brazil's Transroll Seen Exiting Europe-Latin American Trade

Transroll Navegacao is reportedly about to pull out of the East Coast South America to North Europe trade.

Canadian Pacific to Acquire TMM's Shareholding in Americana Ships

Canadian Pacific Limited has agreed to acquire the outstanding 50% of the Americana Ships joint venture from its partner, Transportacion Maritima Mexicana SA de CV of Mexico. CP Ships and TMM formed Americana Ships in January 1999 as an equal partnership. TMM has now decided to narrow its strategic focus to concentrate on its other activities. Completion of the transaction, which is subject to regulatory approval, is expected early in the new year. It will confer full ownership of the container shipping services operated under the Lykes Lines, TMM Lines and TMG brands to Canadian Pacific's container shipping subsidiary, CP Ships. The transaction also includes the 27,000 teu container fleet owned by TMM and used by Americana Ships.

INTERTANKO Meets in Miami

American Panel covered a wide-ranging and ambitious agenda. topics. Capt. in a compromise proposal for revisions of MARPOL Annex II. agreement for the use of CDI reports for Port State Control purposes. with maritime authorities in each country. world wide, the Panel was eager to hear the latest news from Venezuela. due to last minute changes in their schedule but Mr. able to summarise the current situation in the country. slowly recovering normal functionality. less operating at full capacity. for a longer period than necessary. double-check and re-confirm existing information and contacts. re-structured both on a functional and geographical level. Managing Director, Dr. previous week. and engaged in discussions to seek clarification on several issues.

INTERTANKO Reorganizes Regional Responsibilities

INTERTANKO has announced the following personnel changes affecting its Asian Representative Office and Latin American Panel. The Association’s Asian office, located in Singapore, was set up in 1999 and has been managed to date by Ms Minerva Alfonso. Ms Alfonso will be relinquishing her post as Asian Regional Manger in August to commence maternity leave. John Fawcett-Ellis has been appointed as the new Regional Manager for Asia–Pacific, taking over responsibility for INTERTANKO members in the region. Fawcett-Ellis will continue to act as the Association’s Legal Counsel with specific responsibility for chartering and documentary matters. In his new position he will also act as secretary to INTERTANKO’s Asian Panel.

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. roll-on/roll-off ships owned by Dannebrog and the sub-charter of three chartered-in ships. commented Chief Executive Officer Ray Miles. Nordana operates three services with a total annual volume of about 50,000 teu. and the Mediterranean. A third service operates between the US/Central America and North Coast South America in co-operation already with the CP Ships brands, Lykes Lines and TMM Lines. CP Ships first entered Latin American markets with its 1997 acquisition of Contship Containerlines. Latin America.

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 points around the globe.

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