Vessels in port
CMA CGM launches AZTEC service between the west coast ports of North, Central and South America
CMA CGM, a leading worldwide shipping group, has announced the launch, starting May 24, of its new service between the west coast of the United States, Central America and South America. The service is one of the most complete on the market between these three strategic zones. CMA CGM will now offer its customers: Weekly service offering optimal coverage to/from the west coast of the United States, Central America and South America The possibility of fast connections with the United States, Mexico, Guatemala, El Salvador, Nicaragua, Costa Rica and Colombia through the hubs of Lazaro Cardenas (Mexico) and Buenaventura (Colombia). CMA CGM will operate this service in collaboration with the German shipping company Hamburg Sud. With this new AZTECA service, CMA CGM will enable the agri-food industry in Central and South America to export to North American markets.
Bridge blocked by striking shipowners
The El Pinal bridge, the only way in or out of Buenaventura, has been blocked since Jan. 19 morning due to a strike by cabotage shipowners. The strike is being staged in protest at the government's non-fulfilment of promises regarding fuel subsidies. The blockage of the El Pinal Bridge has caused delays on the transportation of goods to and from Buenaventura as well as delays in the operation of vessels.
Singapore-Philippines' US$180m JV begins building Colombia terminal
A newly formed Filipino-Singaporean joint venture (JV) has begun building a container terminal in the port of the coastal city of Buenaventura, Colombia, to cash in on the country's burgeoning demand for trade and logistics. Estimated to cost US$180 million, the terminal pulls together Manila- listed International Container Terminal Service Inc (ICTSI) and the Port of Singapore Authority (PSA), reported Business Times Singapore. Through their subsidiaries, ICTSI and PSA recently signed an agreement to jointly develop, build and run the terminal and its ancillary facilities in the port of Aguadulce in Buenaventura. Based in Manila, ICTSI is behind the development and operations of 27 marine terminals and port projects in 19 countries worldwide. PSA is a leading global port group with projects across Asia, Europe and the Americas, and flagship operations in Singapore. The agreement entails PSA's investment, through its unit PSA International, in Sociedad Puerto Industrial Aguadulce (SPIA), an indirect subsidiary of ICTSI. SPIA holds a 30-year concession for the Aguadulce port project granted by the Agencia Nacional de Infraestructura of Colombia. It also owns 225 hectares of land in Aguadulce. Under the terms of the agreement, ICTSI's wholly- owned subsidiaries Kinston Enterprises Corporation and Future Water agreed to the purchase by PSA Colombia Pacific, a wholly-owned subsidiary of PSA, of SPIA shares representing 45.64 percent of SPIA's issued and outstanding share capital.Upload News