At peak moments of the “war on drug trafficking” or for “humanitarian activities”, there may be dozens of ships at Costa Rican bases, from aircraft carriers to amphibious vehicles, [...]
From Global Research:
The corporate-financier drive to privatize the Salvadoran economy has taken the form of the proposed Public-Private Partnership law which, if approved, would grant the government the right to sell off national resources, infrastructure and services to foreign multinationals. In [...]
El Salvador’s President Mauricio Funes has approved a law allowing the concession of the country’s La Unión port.
The legislative assembly greenlighted the concession bill in September this year. The law regulates schedules, investments, and stipulates requirements for the concession, capping the contract at 30 years.
From Business News Americas
APL and Hamburg Sud will cooperate in a vessel-sharing agreement linking the West Coast of South America with Central American ports and connecting with the carriers’ linehaul services.
The service’s port rotation will be Balboa, Panama; Paita, Peru; Guayaquil, Ecuador; Balboa; Puerto Quetzal, Guatemala; Lazaro Cardenas, Mexico; La Union, El Salvador; Puerto Caldera, Costa Rica; [...]
Dole will charter space onboard Maersk’s Expreso service while its ship, the Vliet Trader, is in dry dock, according to the American Shipper website.
The world’s largest producer of fresh fruit and vegetables will reportedly book around 100 slots a week for bananas and other tropical fruit.
Such an arrangement with a shipping line would [...]
Will Royal Caribbean ships soon be calling in El Salvador?
That’s the word this week from El Salvador’s El Mundo newspaper, which quotes the country’s tourism minister as saying negotiations with Royal Caribbean on a schedule of calls in well underway.
El Mundo says El Salvador’s tourism ministry is [...]
The Salvadoran government has announced the conditions to be fulfilled by companies who operate, under the form of concessions, at the new port.
Having a minimum capital of $50 million and experience in cargo handling of at least 800 000 TEUs are two conditions that companies who choose to participate in the tender for the [...]
The following is an analysis from Corporate Finance Week:
CFW believes the announcement that El Salvador’s Autonomous Executive Port Commission (CEPA) expects to finalise the concession of La Unión by July 2012 is good news for the country’s port sector. We caution, however, that the operator should consider concessioning the ports of Acajutla and La [...]
The bill provides for a 30 year concession and an investment plan of at least $30 million. The company winning the bid will implement the investment plan during the first five years.
“The Minister of Public Works, Gerson Martinez, confirmed that the project will operate under the ‘Landlord’ system,” informs Elsalvador.com. “By using this system, [...]
CMA CGM has announced the upgrading and reinforcement of its ACSA service linking Asia to Mexico, Central America and the West Coast of South America, including:
Service will now be operated on two distinct loops, with Loop 1 servicing Mexico, Peru and Chile from Asia and Loop 2 Mexico, Central America (Guatemala, El Salvador, Nicaragua, [...]
El Salvador’s Acajutla and La Unión ports may be offered as a combined package, rather than being tendered as separate concessions.
Such a proposition would be welcomed by APM Terminals, which has indicated an interest in making a joint bid. This, claims the company, would help make a decent return on investment. First, however, changes [...]
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