Brazil has announced plans to auction off 35 terminals as part of its ongoing privatization efforts, marking a key step in the country’s strategy to modernize its port infrastructure. This announcement follows the recent acquisition by MSC subsidiary SAS Shipping Agencies Services, which secured a 56.47% stake in port operator Wilson Sons for 4.3 billion Brazilian reais. The government’s initiative aims to enhance efficiency and competitiveness in global trade by
Category: South America
CMA CGM Acquires 48% Stake in Leading Brazilian Terminal Operator Santos Brasil
The CMA CGM Group has announced an agreement to acquire a 48% stake in Santos Brasil Participações S/A, a prominent Brazilian multi-terminal operator. This investment marks a significant expansion of CMA CGM’s presence in Brazil and aligns with the company’s global port development strategy. “Santos Brasil operates five terminals across Brazil, including the country’s largest container terminal at the Port of Santos, handling approximately 40% of Brazil’s container volume,” stated
Chancay Port Set to Become Major South America-Asia Shipping Hub
Peru’s Chancay Port, envisioned as a key trade link between South America and Asia, is set to begin shipping two container vessels per week by the end of November, according to Carlos Tejada, general manager of Cosco Shipping Chancay Peru, a subsidiary of Hong Kong-based Cosco Shipping. The port will initially provide a direct route to Shanghai, with potential expansion to other Asian destinations based on demand. Tejada explained that
LATAM leads flowers exports from South America
The LATAM group, through its cargo subsidiaries, concluded a historic season for Mother’s Day by leading the transportation of flowers from South America to the world for this celebration. Over a period of 21 days, more than 24,000 tons of flowers were mobilized from Colombia and Ecuador, marking a 20% increase compared to the same period the previous year. In response to the growing demand for flowers during this special
DP World Leads Latin America’s Electric Truck Revolution at Port of Callao
DP World’s Port of Callao terminal has taken a pioneering step in Latin America with the launch of the region’s first electric charging station for trucks. This initiative is part of DP World’s broader decarbonization plan aimed at reducing over 2,000 tonnes of carbon dioxide emissions annually. The new infrastructure, situated within a newly constructed pier, will accommodate twenty 100% electric internal transport trucks, marking the largest fleet recently acquired
Chile port workers stage protests, threatening commodity exports
Chilean port workers staged protests on Thursday, disrupting the loading and unloading of ships in one of the largest exporters of raw materials, including copper, lithium, pulp, and fruit. Members of the UPC and FTPC unions initiated a planned 24-hour strike around 8 a.m. local time, leading to the suspension of activities at the Ventanas port. Television footage showed workers blocking roads near the major port of Valparaiso, while protests
Chile becomes first country to ratify the UN High Seas Treaty
On 16 January Chile’s Senate unanimously approved the High Seas Treaty, officially known as the Biodiversity Beyond National Jurisdiction Treaty (BBNJ). The treaty sets up a procedure to establish large-scale marine protected areas in the high seas, which cover nearly two-thirds of the world’s oceans, aiming at reaching the target of conserving 30% of land and sea by 2030. Some 84 countries have signed the treaty marking their commitment to