Consortium Launches LNG Project
The Peru LNG project, the largest industrial project ever to be undertaken in the history of Peru, officially launched today by awarding to Chicago Bridge & Iron Company N.V. (CB&I) the engineering, procurement and construction (EPC) contract for a natural gas liquefaction plant valued in excess of $1.5b. The Notice To Proceed authorization represents a commitment by the international project consortium (consisting of Hunt Oil Company of the United States, SK Corporation of Korea and Repsol YPF of Spain) to move forward with their direct investments to develop the Peru LNG gas export project. Hunt Oil Company will serve as operator of the project. Peru LNG is a key component in Peru's overall energy plan.
Peru to Cut O&G Royalties to Counter Price Slump
Peru is reducing royalties on oil and gas production to about 5 percent on average from the current 20 percent in order to encourage exploration amid slumping prices, the government said Wednesday. The smaller take should help Peru boost interest in new oil contracts that will come up for bidding soon, said Rafael Zoeger, the president of state energy agency Perupetro. Peru has repeatedly pushed back auctioning on more than two dozen oil blocks because of a lack of interest in recent years. "I'd rather get 5 percent on some production than 20 or 30 on none," Zoeger said at a news conference. Perupetro will tailor royalties for each concession, setting a lower rate for more costly and less accessible areas, he said.
Peru Workers Plan Strike That Could Disrupt LNG Exports
Natural gas workers in Peru plan to hold an indefinite strike starting Dec. 29 that would disrupt production of the widely-used fuel as well as Royal Dutch Shell Plc's liquefied natural gas exports, the union SUTRAPPEC said Thursday. Some 200 unionized workers needed to operate Peru's Camisea gas fields will down tools to press Argentine energy company Pluspetrol to offer better wages and benefits in a new labor agreement, said SUTRAPPEC spokesman Juan Carlos Vargas. Pluspetrol owns a controlling stake - 27.2 percent - in the Camisea consortium that produces the vast majority of Peru's natural gas from a remote jungle region. Pluspetrol and Netherlands-based Shell, which exports liquefied natural gas derived from Camisea gas production, did not immediately respond to requests for comment.
New Perishables Trade Route from Peru to PortMiami
PortMiami is scheduled to receive its first shipment of cold-treated grapes from Peru on December 1, part of a new Cold Treatment Pilot Program that recently went into effect allowing cold treated products to be imported directly from Peru to the Port. Cold treatment is a process performed on fruits and vegetables that entails sustained refrigeration sufficient to kill pests associated with imported fruits and vegetables. In the past, Peruvian products such as table grapes and blueberries could only enter the U.S. via certain northeastern ports; however, under a new pilot program that allows cold treatment products to be imported directly to PortMiami has opened up a new trade route for cold treatment products bound directly for Florida and the southeastern U.S.
First Damen Tug for Peru
Launching the business relationship between the two companies, Ian Taylor Peru has signed a contract with Damen Shipyards Group for an ASD Tug 2810. The vessel’s MTU engine and rapid delivery time were both key aspects of the contract. The two companies are also concluding negotiations for an additional order of a second identical vessel. Ian Taylor Peru, the Peruvian subsidiary of the Chilean group of companies Empresas Taylor, has been active in Peru’s towing sector since 1991. The company currently has four tugs in operation there.
Peru Accedes to Ballast Water Management Convention
Peru has become the latest country to accede to the International Maritime Organization (IMO) Ballast Water Management Convention (BWM Convention), a treaty designed to counter the threat to marine ecosystems by potentially invasive species transported in ships’ ballast water. On June 10, Ambassador of Peru to the United Kingdom, Claudio de la Puente Ribeyro, met IMO Secretary-General Kitack Lim at IMO headquarters in London to hand over the instrument of accession. With the addition of Peru…
Liebherr Opens New Office in Peru
With more than 100 attendees Liebherr celebrated the inauguration of the new office in Lima City, Peru. The new office will play a significant role in the South American Market for mining and construction machinery. During the ceremony, guests had the opportunity to get a first-hand look at the new office and meet the Liebherr staff. The new facility represents another milestone for the mining and mobile cranes divisions, and it will strengthen the development of new business opportunities in Peru.
Peru Grants Permit for Chinese-owned Mine
The government has granted Chinese-owned Jinzhao Mining Peru the environmental permit for its proposed $1.5 billion Pampa de Pongo iron mine, estimated to produce 22.5 million tonnes per year. The energy and mines ministry said in a statement on Friday that it had also approved the company's environmental plan for a nearby $340 million port terminal that will store and ship its iron concentrates. The open-pit mine, scheduled to be productive for 33 years, will become Peru's biggest iron mine. Shougang Hierro Peru, a unit of China's Shougang Group and the only other major iron mine in the Andean country, produced 6.7 million tonnes of iron in 2013. Jinzhao is owned by China's Nanjinzhao Group Co. (Reporting by Mitra Taj; Editing by Grant McCool)
England Logistics Sends 70 Spartan ERV Units to Peru
The 70 Emergency Response Vehicle (ERV) units are to be shipped from the Port of Baltimore to Cuerpo General de Bomberos Voluntarios del Peru (the General Body of the Peruvian Volunteer Fire Department) in Lima, Peru, in a collaborative effort between the manufacturers, Spartan ERV (a business unit of Spartan Motors), and non-asset based third party logistics firm England Logistics. England Logistics says that the first 10 units have been transferred to the Port of Baltimore from Spartan's facility in Charlotte, MI and will be loaded on ships for a June 2014 departure.
Repsol Signs LNG Supply Deal
Repsol has signed a liquefied natural gas (LNG) supply agreement with South Korea's state-owned Korea Gas Corporation (KOGAS), boosting Repsol’s position as one of the world’s largest shippers of the fuel. The 15-month agreement, which took effect from January, will involve the shipment of 1.9 bcm of gas equivalent to Korea, equivalent to the annual supply of 1 million homes. Repsol will ship the LNG from the Peru LNG terminal, to which the company has the sole off-take rights. The deal, which is Repsol’s first LNG sale in the Far East adds to the company’s supply contracts in Europe and North- and South-America, reinforcing Repsol’s global position in liquefied natural gas marketing.
APM Terminals 30-Yr Callao Terminal Concession
Terminal Muelle Norte at Peru’s largest port is the latest of three expansions into new areas won by APM Terminals this year. Lima, Peru- The new 30-year concession contract for the development and operation of Terminal Muelle Norte at the Port of Callao was signed today by Peruvian President Alan Garcia and representatives of APM Terminals and local partner Central Portuária S.A.C. in the Presidential Palace in Peru’s Capital City of Lima. “Our vision is to transform Terminal…
US Agents Move against Illegal Timber Imports from Amazon
U.S. agents searched the offices of a California-based wood importer this week as part of a broadening government crackdown on imports of illegally harvested timber, according to a previously unreported federal search warrant seen by Reuters. The Department of Homeland Security agents are probing whether privately held Global Plywood & Lumber Inc violated U.S. and Peruvian law by importing wood that officials say was taken from the Amazon without proper permits, according to the warrant filed in U.S. District Court for the Southern District of California in San Diego on Monday and executed on Tuesday. No charges have been brought against the company. A Homeland Security spokesman in Houston said the investigation was ongoing.
Tsunami Alerts Triggered by Chile 8.2 Quake
A powerful earth quake identified by the US Geological Survey as situated about 52 miles north-west of the mining area of Iquique killed at least 5 people, and 6ft waves have hit some areas of Chile. Power cuts, fires landslides are also mentioned by BBC News. Citing the Pacific Tsunami Warning Center, the BBC says that an initial warning was issued for Chile, Peru, Ecuador, Colombia and Panama, but later all watches and alerts were later lifted except for Chile and Peru. Tsunami watches – in which the danger of tidal waves is deemed to be less serious – had been in place for Costa Rica…
Rough Seas Force Port Closures in Peru
Peru, the world's third biggest copper producer, closed its main port, Callao, and dozens of others because of rough seas, a local newspaper reported Saturday. The ports will likely remain closed through Monday, when a storm in the South Pacific is expected to have moved north, La Republica said, citing the Navy. The closure threatens to delay mineral shipments in Peru, a supplier of zinc, gold and silver. Navy and port officials could not be reached for comment outside of regular working hours. (Reporting By Mitra Taj; Editing by Robin Pomeroy)
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.
Hapag-Lloyd Ships 42 Trains to Peru
apag-Lloyd has loaded a metro train with six cars today in Salerno, Italy. The train will be shipped aboard the Cerinthus to the Peruvian port of Callao. From there, it will be transported to the capital Lima using low-loader trucks. The journey from Italy to Peru will take around 29 days. 42 metro trains with a total of 252 cars will be shipped to Peru by February 2019. The modern, driverless trains have been built in Italy and are destined for the newly constructed Line 2 in the Peruvian capital.
Maersk Exits Chile, Peru, NW Europe Container Service
In a release, the company said the last Andean vessel from Latin America to North Europe would be the Marianne Schulte, which is set to leave Chilean port San Antonio on May 20 and Peruvian port Callao on May 23. The last direct service Andean-bound vessel from North Europe will be the Thekla Schulte, set to leave the Dutch port of Rotterdam on May 23, Tilbury in the U.K. on May 24, the German port of Hamburg on May 26 and Antwerp, Belgium on May 28. Maersk said Peru and Chile would continue to be served with vessels via Balboa, Panama, while a direct service from the Colombian port of Santa Marta will continue with an improved transit time of 12 days through the existing network.
Peru Port Contract Goes to Brazil/Spain Consortium
Peru awarded a $182.4 million contract for the construction and operation of a maritime port to a consortium of Brazilian and Spanish companies, the government said on Wednesday. Consorcio Paracas beat out two other bidders on the project, including a local unit of APM Terminals, owned by the Maersk Group, state investment agency Proinversion said. The winning consortium was formed by Spain's Servinoga and Brazilian companies Pattac Empreendimentos e Participacoes, Tucumán Engenharia e Empreendimentos and Fortesolo Servicios Integrados.
Consortium Wins Fuel Terminal Contract in Peru
A consortium formed by units of local builder Grana y Montero and Germany's Oiltanking won a 20-year contract for managing five fuel terminals in Peru, Grana y Montero said on Wednesday. The consortium will invest about $225 million in the project, with $190 million returned in the form of discounted payments to state-run energy company Petroperu, Grana y Montero said via email. Each company controls a 50 percent stake in the local consortium, said Grana y Montero, Peru's biggest construction company. Petroperu, which owns the terminals and awarded the management contract, has said it is planning a $3.5 billion expansion of its main refinery, Talara, to boost output by 50 percent to 96,000 barrels per day. (Reporting By Marco Aquino; Editing by Dan Grebler)
Natural Gas Workers in Peru May Strike
Natural gas workers in Peru, South America's biggest exporter of liquefied natural gas, said on Friday they had pulled out of wage talks with Argentine energy company Pluspetrol and would vote on a possible strike in a few weeks. Pluspetrol leads the consortium that taps Peru's Camisea fields, the source of the country's daily natural gas output of around 1.2 billion cubic feet. Juan Carlos Vargas, a spokesman for the SUTRAPPEC union that represents 193 of the 494 Camisea workers, said a walkout would halt natural gas production. "There would be no one to pump the gas," Vargas said.
Petroperu Tenders to Buy ULSD Cargoes
State-run Petroperu launched a tender to buy six 290,000-324,800 barrel cargoes of ultra low-sulfur diesel (ULSD), to be received from May to June at its Conchan, Mollendo and Callao ports in Peru, according to an invitation seen by Reuters on Wednesday. Previously this month, Petroperu offered to buy one 220,000 barrel cargo combining cracked naphtha and high octane gasoline blend stock (HOGBS) and two 100,000 barrel cargoes of biodiesel for delivery from May to June. According to this tender documents, the first ULSD cargo should arrive to Peru on May 4-8. The company added that it will receive bids until April 10 and they must be indexed to ULSD prices from the U.S. Gulf Coast. The ULSD cargoes, with maximum 15 parts per million sulfur, must be exclusively for Petroperu.
OSX Korea Shipyard to Build 5 Peru Navy Patrol Boats
STX Offshore & Shipbuilding Co. has signed a deal with the defense ministry of Peru to build five patrol ships for 75 billion won (US$71.3 million) reports Yonhap News. Citing the shipbuilders, Yonhap adds that STX will deliver the ships by the end of 2015, and that in March 2012, the company signed a first contract for building the same type of ships with Colombia's defense ministry. Source: Yonhap News
Strike at Peru's Top Port Likely to Stoke Inflation
A dockworkers strike at Peru's biggest port, Callao, has hit imports of basic goods in the Andean country and will likely stoke inflation, the main exporters association said Monday. The 18-day strike has nearly frozen activities at the northern terminal of Callao at the edge of the capital Lima, prompting $100 million in lost revenues for merchants, the Exporters Association of Peru (Adex) said. Some 26 ships are waiting to be unloaded and serviced and another 10 are expected to arrive this week, Adex said.