APM Terminals wins Battle for Moin Container Terminal
The Supreme Court has ruled in favor of the Costa Rican Government and APM Terminals in an appeal filed by the port workers union against the 33-year concession contract for the new Moin Container Terminal (TCM) in Limon on the Caribbean coast of Costa Rica. "The TCM will be a world class, modern, safe and efficient terminal operating under international standards and procedures, designed to boost Costa Rica´s international trade by taking full advantage of the economy of scale provided by the new-Panamax container vessels of up to 13,500 containers, vessels of up to five times larger than those which can be serviced in the country today," Gallie said.
Recope Tenders to Buy Two Fuel Oil Cargos
Costa Rica's refining company Recope has launched a tender to buy two 90,000-100,000 barrel cargos of fuel oil for delivery from September to December at Port Caldera, according to a document seen by Reuters on Friday. Previously this month, Recope bought three 25,000 barrel cargoes of MTBE, a component to oxygenate gasoline. The company, which operates the 25,000 barrel per day (bpd) Puerto Limon refinery, supplies most fuel for the Costa Rican domestic market. For this offer, the company is requesting fuel oil with maximum 1.8 percent sulfur. It will accept bids until August 25 and they must refer to fuel oil number 6 prices from the U.S. Gulf Coast. (Reporting by Marianna Parraga; Editing by Anna Driver)
Recope Tenders to Buy Three Fuel Oil Cargos
(Reuters) - Costa Rica's refining company Recope launched a tender to buy three 165,000 cargos of fuel oil to be received from mid-April to October at Port Moin, according to an invitation seen by Reuters on Monday. The state-run company has increased imports of fuels since 2013, while planning the upgrade of its 25,000 barrel per day (bpd) refinery in Moin, next to Port Limon in the Caribbean. In recent months, it awarded a contract to U.S. Valero Energy to import up to 14.25 million barrels of fuels during 2014 and it also bought on the open market 1.53 million barrels of liquified petroleum gas (LPG) and several cargos of MTBE, a component to oxygenate gasoline. The cargos being sought this time must contain fuel oil with 2.2 percent or 3 percent sulfur, the company said.
