Chinese state firms have expressed an interest to develop land around the Panama Canal, the chief executive of the vital trade thoroughfare said, underlining China’s outward push into infrastructure via railways and ports around the world.
The Panama Canal Authority will officially open a tender to develop about 1,200 hectares of land – roughly the […]
Our condolences go out to the family, friends and colleagues of Brother Hernán Vedia López. An Injury to One is an Injury to All.
South Pacific Terminal (TPS) reported the death of longshore worker Hernán Vedia López, after an accident inside the port at 22:30 hours on Friday, March 24.
The worker worked at […]
Our profound condolences go out to the family, friends and colleagues of Brother Pedro Fita, who was killed when glass fell from a crane and pierced his helmet. We are hoping for a full recovery for his co-worker who was also seriously injured. SUPA union officials say work stopped for 24 hours at terminals in […]
SeaLand is adding the Port of Hueneme as a port of call in its West Coast Central America route, which also includes relay carrier services in the Port of Los Angeles and ports in Mexico, Guatemala, Nicaragua, Panama, Ecuador, Chile and Peru.
The SeaLand route will be a weekly service arriving in Port Hueneme every […]
Peru’s Public Use Transport Infrastructure Investment Supervisory Body (Ositran) is reportedly not happy with work completed so far by APM Terminals at the North Quay in the port of Callao.
Ositrán has said that cracks have been noted in some of the completed infrastructure works, while not all the equipment that is in place tallies […]
International Container Terminal Services (ICTSI) said Tuesday that net profit slipped 3% to $46.4 million for the second quarter of 2016 as expenses related to Argentine operations offset improved revenue.
The Philippine company, which runs around 30 midsize ports worldwide, did not elaborate on the situation at its TecPlata port in Buenos Aires. Business News […]
From Port Technology:
APM Terminals (APMT) has accepted to pay millions in reparations as part of the ongoing bribery case embroiling Guatemala’s Terminal de Contenedores Quetzal, despite the bribery claims preceding the terminal operator’s acquisition of the terminal.
The scandal dates back to 2012 when a payment was allegedly made to Guatemalan officials; however APMT […]
Guatemala’s former president Otto Perez Molina started the approval process for the $225m port project immediately after his election in November 2011.
Guatemala’s former president Otto Perez Molina and his vice-president, Roxana Baldetti, took at least $25m in bribes from a Spanish port company, an anti-corruption commission alleges.
The firm, TCB, won a […]
From Fortune Magazine:
Another Chinese partnership that may be less—and more—than it appears.
[T]he project faces obstacles as big as its ambitions—many of them internal. Chinese billionaire Wang Jing, who heads the Hong Kong Nicaragua Development Group that’s leading the project, has personally funded much of the preliminary work—but in 2015, he lost more than […]
Dole’s deployment of the Dole Pacific on regular service between California and Latin America is the latest sign of how refrigerated ship operators are turning increasingly to container ships from traditional break bulk vessels.
The $56 million Dole Pacific, and its sister ships, the Dole Atlantic and Dole Caribbean, have capacities of 770 forty-foot-equivalent units, […]
Evergreen Group’s Colon Container Terminal in Panama has completed the third phase of an expansion that will allow the terminal to handle the largest ships that will transit the Panama Canal’s soon-to-open larger locks.
The terminal expansion added a fourth berth that, combined with the adjacent Berth 3, will provide an overall quay length of […]
Excerpts from the Maritime Executive:
The Nicaragua Canal project, which has been plagued by environmental setbacks and delays, may have been dealt another blow.
According to reports, the Chinese stock market crash wiped out almost 90 percent of Hong Kong Nicaragua Canal Development Group’s Chairman and Chief Executive Officer, Wang Jing’s net worth. Wang was […]
Grup Maritim TCB terminal in Barcelona
A.P. Moeller-Maersk A/S’s terminal unit said Tuesday it agreed to buy a Spanish rival to expand its port network by almost 20 percent.
APM Terminals will pay an undisclosed sum for Barcelona-based Grup Maritim TCB, thereby adding 11 container terminals to its existing network of 63, the company […]