From Global Research:
‘Obama, don’t touch Central America,’ protesting privatization of public resources in El Salvador
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 [...]
Puerto Cortes, Honduras
International port operator International Container Terminal Services Inc. is set to sign the $600-million port modernization contract of Puerto Cortes in Honduras.
A technical committee composed of members of the Commission for the Public-Private Alliance, an entity of the federal government of Honduras, and FICOHSA bank, the trustee of the conferred contract, [...]
Dock workers returned to work at ports across Brazil on Friday after they disrupted the movement of global commodities with a six-hour strike in protest of the government’s plan to overhaul regulations and privatize hundreds of terminals.
The short-lived stoppage provided a glimpse of what could be a tense harvest for Brazil, one of the [...]
The completion of the Panama Canal expansion may be delayed by at least another six months, according to Grantley Stephenson.
The president of the Caribbean Shipping Association (CSA) said that the wider, deeper canal, which is expected to unlock huge potential in transshipment business for the region, will more likely become fully functional in 2016.
Puerto Cortes, Honduras
The Philippines’ International Container Terminal Services, Inc (ICTSI) has on a tender to design, build and operate a terminal at Puerto Cortes in Honduras, bolstering its global footprint. The contract stipulates ICTSI can run the port for a period of 30 years.
ICTSI is involved in 27 terminals in 19 countries worldwide. [...]
November 2012 map showing maritime borders in dispute between Colombia and Nicaragua. Colombia has vehemently rejected a recent UN ruling that expanded Nicaragua’s boundary, and Colombian warships are reportedly sailing defiantly through Nicaragua’s newly acquired maritime territory.
Nicaragua, the second poorest nation in the Western Hemisphere, has just inked a deal with a Chinese [...]
Panamanians protest the sale of public lands, October 2012. Critics of the law say the lease charges should be increased and the money invested in the impoverished Caribbean coast province of Colon. Colon province is home to several Atlantic ports that service ships using the Panama Canal and supply the country’s only oil refinery. [...]
Hundreds of people burned tires and threw objects and shot at police, who fired back and used teargas to disperse the crowd. Local authorities instituted a 4 p.m. curfew. Local media reported as many as three dead, 16 injured, and 40 arrested, but police could not confirm that late on Friday.
At least one [...]
Members of the Union Portuaria de Chile have staged several job actions in the past year, including this one in March.
[ENGLISH SUMMARY: The representative of the Port Union of Chile, Robinson Avalos, said that an agreement was reached to end the strike in the ports of San Antonio and Bío Bío. Avalos told [...]
Proposed Nicaragua Canal
Nicaragua y una empresa de Hong Kong han firmado un memorando de entendimiento (MOU) sobre el financiamiento de $30 mil millones para la construcción de un canal interoceánico.
El canal que acogerá a los buques más grandes que los del Canal de Panamá será la segunda principal vía interoceánica de América Central.
Grains trader Bunge Ltd has been exporting small quantities of Brazilian corn to the United States this year, and it may export more if drought continues to damage the United States crop.
The company’s vice-president of agribusiness and logistics, Murilo Braz Sant’anna, said Thursday he doesn’t think current differences between a booming Brazilian crop [...]
‘APM demanded from the government a monopoly on containers — Is that OK?’ sign in Limon, Costa Rica. Union dockworkers have fought the concession of the Port of Moín, saying the community and country will lose when a multinational takes over the public port. Judges in an administrative court have until Aug. 7 to [...]
The Panama Canal Authority’s US$5 billion expansion project has fallen six months behind schedule, which could mean that the new locks will not be operational until 2015, authority officials announced on national television.
“The company is trying to catch up with lost time,’” said Alberto Aleman Zubieta, the authority’s chief executive officer. Problems arose late [...]
An agreement is being worked on between the Ministries of Labor in Honduras and Panama to allow the entry of 4,000 specialist construction workers.
The initiative was welcomed by the National Association of Manufacturers and the Honduran Chamber of the Construction Industry.
From Newsroom Panama
The Nicaragua Canal project was first conceptualized in the early 1800s and has been considered many times since then, sometimes stalemated by investors’ concerns about poverty and political instability.
Nicaragua plans to carve out a $30-billion alternative to the Panama Canal, in what analysts say is a large, financially untenable project, aimed primarily at [...]