SAAM to Invest $140 mln
SAAM, multinational company that provides port, towage and logistics services in 15 countries in Latin America, held this morning a Shareholders’ Meeting, where it reported on the positive results of the 2015 exercise and the perspectives for 2016. In this context, the Company announced investments for US$140 million during the current year, which will be allocated to works being performed by some port terminals. Worthy of notice are the expansions undertaken at San Vicente Terminal Internacional (SVTI) and San Antonio Terminal Internacional (STI) in Chile, in addition to the expansion of Terminal Portuario de Guayaquil in Ecuador. Likewise, said figure will allow increasing and renovating the tugboat fleet, where SAAM is the fourth actor at a global level.
Hamburg Süd: Chilean Port Situation
Hamburg Süd provided the following information about the Chilean ports the company serves, following the Feb. In the north of Chile, the ports of Iquique, Antofagasta and Port Angamos are fully operational. The container terminal used by Hamburg Süd, TPSV, has announced that they are 90% operational with respect to dry and reefer cargoes. Container berths 1, 2, 3 are operational, whilst the older berths 4, 5 and 7 are not operating due to various structural damage. TPSV maintains an emergency berthing programme (i.e., temporarily suspending agreed berthing windows) to ensure efficient port operation, allocating berths on a first come, first served basis.
