Mauricio Macri News

Venezuelan President Nicolas Maduro on Sunday pledged funds for a state-owned Argentine shipyard to finish building two long- overdue tankers for state oil company Petroleos de Venezuela, which is struggling with a diminished tanker fleet.Maduro, a socialist who has overseen a drastic economic collapse in the once-prosperous OPEC nation and stands accused of corruption and human rights violations, did not say how much money Venezuela would provide or when it would be disbursed.But the statement suggests he sees left-leaning Alberto Fernandez' victory in last month's Argentine presidential election as an opening to revive the construction.

The Argentine Navy submarine that went missing a year ago off the country's Atlantic Coast was found by a private company involved in what had been a massive search for the vessel and its 44-member crew, the defense ministry said in a news conference on Saturday.The ARA San Juan submarine was discovered by marine tracking contractor Ocean Infinity, 907 meters (2,975 feet) below the ocean surface. The vessel was found in an underwater canyon with its tail partially "imploded," Argentina's Defense Minister Carlos Aguad said.Given the poor visibility at the site…

Argentina and other South American countries are likely to maintain or increase their submarine programs despite the scrutiny that has followed the fatal loss of an Argentine sub in South Atlantic waters last month, defense specialists said. The disappearance of the ARA San Juan with 44 crew members aboard has put pressure on Argentine President Mauricio Macri to consider boosting spending for the military, including the country’s two remaining submarines. Military spending sharply decreased after the end of Argentina’s dictatorship in 1983.

DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem has met Argentinian President, Mauricio Macri in Beunos Aires to discuss cooperation in the ports and cruise terminals sector. The meeting was attended by the Argentinian transport cabinet including Minister of Transport, Guillermo Dietrich; President of the Port Authority, Gonzalo Mortola; Under Secretary of Waterways, Jorge Metz; Advisor for Foreign Investments, Horacio Reyser and the Under Secretary of Foreign Investments, Marcelo Lucco. A high-profile delegation from DP World included Jamal Bin Thaniah, Vice Chairman; Matt Leech, Senior Vice President and Managing Director, DP World Americas Region and Gustavo Figuerola, General Manager, DP World Buenos Aires.

Argentina's oil producers have shipped record volumes of crude this month, spurred by a new government subsidy that has also prompted state-owned oil company YPF to return to the export market for the first time in years. The surge in shipments abroad comes just a month after Argentina's new president, Mauricio Macri, introduced measures to help oil exporters as part of sweeping policy changes aimed at boosting investment and opening the South American nation's economy after years of heavy controls on trade. Exports are expected to reach a record 91,000 barrels per day (bpd) of crude in April, including two cargoes sold by YPF to China and barrels shipped by private producers, according to a source.

Argentina's coast guard has sunk a Chinese trawler that was fishing illegally within its territorial waters, the coast guard said on Tuesday, marking a first test for relations between recently elected President Mauricio Macri and Beijing. The Chinese vessel was found in a restricted area and attempted a collision maneuver, according to authorities. The coast guard, or Prefectura Naval Argentina, is headed by army generals and is part of the Argentinian Defence Ministry. The sinking comes as China expands its long-distance fishing fleet to meet surging demand for seafood, with Beijing's foreign ministry expressing "serious concern" over the incident.