Multinational cruise ship operator Carnival Corporation has announced plans to open its new $85 million port in the Dominican Republic by the end of this year.
After being put up for sale at the start of this year the Central American Port of Belize has reportedly received several offers but is still on the lookout for the investors, according to chief executive Tux Vasquez.
Chilean shipping company Compañía Sud Americana de Vapores (CSAV) has raised $398 million following a second share auction to increase capital for future expansion.
The president of Brazil’s national shipyard syndicate – Sinaval – has spoken out in favour of government support for local supplier laws as uncertainty grows in the wake of the Petrobras scandal. The legislation aims to ensure that 65% of budgets are spent with local suppliers as opposed to foreign imports.
A new deadline for bids to construct a multi-purpose terminal at the Port of Santa Fe in Central Argentina has been set for March 19. A previous deadline on the 29 December last year was reached with no bids submitted, resulting in a re-tender for the project.
Brazilian entrepreneur, Washington Barbeito, is leading the fight to bring the Brazilian flag back to the seven seas, with calls for the government to review severe protective laws, referred to as Custo Brasil (Brazilian Cost), and permit local companies to create companies abroad
The appointment of the new Brazilian minister of ports, Edinho Araujo, at the start of this month has left many investors in the sector uncertain as they wait to see what the relatively inexperienced newcomer will deliver for the industry.
The Peruvian state port authority Enapu is to invest $549 million upgrading five ports in the country as it seeks to reduce export bottlenecks.
A new $150 million port is to be constructed in the Multiboyas area of Lambayeque in Peru to service the country’s growing mining sector as well as agricultural exports, fishing and potentially cruise liners, the local Andina news agency reports.
The Superterminais port terminal in the Brazilian jungle port of Manaus has been granted a a “contract of adhesion” status vis a vis the new Brazilian Port Law 12.815/2013.