Tag: Latin America

DP World acquires another port in Peru

DP World Peru

Yesterday, 18 March 2018, DP World announced the acquisition of Cosmos Agencia Maritima S.A.C., a fully integrated logistics services provider based in Peru. Cosmos Group owns Neptunia S.A and Triton Transport S.A, that offer maritime and logistics services, and also possesses a 50% stake in Terminales Portuarios Euroandinos S. A. at the port of Paita, […]

Argentina develops rail connection to Bahia Blanca, Russian Railways interested

Bahia Blanca

Russian Railways (RZD), Russia’s state monopoly operating rail cargo and passenger traffic, plans to join the infrastructure development projects in Argentina, informs TASS news agency. Following the meeting with Argentine President Mauricio Macri, who visited Moscow last week, Oleg Belozerov, RZD General Director, announced: “Today we have heard from Mr. Macri that Argentina is interested […]

Brazil’s large container terminal is acquired by China Merchants Port

China Merchants Port TCP

On 4 September, during the 2017 BRICS summit in Xiamen, China Merchants Port Holdings (CMPort) signed the share purchase agreement with TCP Participações S.A. (TCP) to acquire a 90% stake in TCP, the joint-venture that operates the port of Paranaguá, Brazil, informs the Group. The disclosed purchase price is 2.89 bln Brazilian reals (USD 925 […]

CMA CGM acquires Mercosul from Maersk Line

CMA CGM Mercosul

CMA CGM has announced it reached a binding agreement with Maersk Line to acquire Mercosul Line, a leading player in Brazil’s domestic container shipping market. Earlier this year, Maersk Line declared the intention to sell its Brazilian cabotage carrier in order to remove any possible concerns from competition regulators over its acquisition of German shipping […]

Tecon Rio Grande heads for 100 moves per hour

Tecon Rio Grande

Navis, a leading provider of operational technologies for terminal operators and ocean carriers (part of Cargotec Corporation), has announced this week that Brazilian Tecon Rio Grande container terminal (Tecon RG), a subsidiary of Wilson Sons Group, successfully upgraded to the N4 terminal system. Focusing on modernizing operations, Tecon RG has recently invested over USD 40 […]

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