Category: Latest News


The Boom Can Last Little

In an interview with Portfolio of Colombia, President of the Inter-American Development Bank said that “it is clear that the good times are back, but more than one considers that this boom can last a little and that there are many crosswinds that must provide attention. More than one recalls that ten years ago everything seemed very well and a few months later the bubble burst”.


Collapse Continues in Containers Movement

According to data released by Eclac, the movement of containerized cargo in Latin American and the Caribbean ports fell 0.9% in 2016, the worst performance since the crisis of 2009, while globally the behavior was positive but low.

The deterioration in 2016 was determined mainly by decreases in the activity of four important Latin American countries: Panama (- 9.1%), Argentina (- 6.1%), Brazil (- 4.4%) and Colombia (- 3.6%), some of them with important activity of transhipment (Balboa, Panama and Cartagena, Colombia). These falls were mitigated by increases observed in some countries in the region that contributed increases to total volume: Uruguay (9.5% increase), Guatemala (8.8%), Peru (8.4%), Dominican Republic (8.3%), Costa Rica (7.3%), Chile (4.8%), Ecuador (4.5%) and Mexico (3.2%).

Globally, during 2016 ports in container traffic also had a low dynamism. According to the estimates of the publication Alphaliner, volumes in the first 100 container ports in the world rose just 1.8 percent in 2016


MOL Triumph: World’s Largest Containership

M/V MOL Triumph, from the shipping company Mitsui OSK Lines, became the world’s largest containership with a capacity to transport up to 20.150 TEUs. The ship, christened March 15, has 400 metres length, 58.8 meters beam, has a serie of technological improvements that give it greater efficiency from the point of view of fuel consumption, what constitutes a benefit to the environment. It will be delivered on March 27, while other three sister vessels – to be deployed on the routes Asia-Europa- will be received in the course of this year.


Tender of the Port of Corozal in Panama was Declared Desert

The Panama Canal Authority reported that none of the pre-qualified companies presented their offer on Friday, March 3, to compete in the design, construction, development and operation of a container port in Corozal West. The four consortiums that were able to offer were APM Terminals B.V. (Netherlands); Terminal Link (France); PSA International Ltd. (Singapore), and Terminal Investment Ltd. (Netherlands).


Maersk will Buy Hamburg Süd, Shipping Company Specializing in the Market of South America

The owners of the Hamburg Süd Group have announced their intention to sell the Company to Maersk Line A/S. Subject to the required regulatory and shareholder approvals the transaction will be concluded at the end of 2017 at the earliest. This is a very important decision in the 145 year history of the Hamburg Süd Group which should be seen positively for the following reasons:

  • Through this transaction the Hamburg Süd Group brands will gain access to the scale and network of Maersk Line A/S to ensure a continued high-quality and sustainable service to its clients in a very competitive industry;
  • Hamburg Süd will be able to expand and grow as part of Maersk Line A/S and will continue being a reliable and sustainable partner for its business partners.

The agreement, following a recent wave of consolidation in the industry, will leave only 13 global companies (most of them with cargo-sharing agreements) compared to 20 at the beginning of the year, of which Maersk-Hamburg Sud would control almost 20% of the world market. In the case of Brazil would be 80% of the market, according to analysts.