May 15th, 20180Argentina is attracting interest from an array of international oil firms about its auction of offshore rights planned for later this year, according to Reuters.
The South American country is still defining the areas to be included in the auction, which is expected to receive bids in November.
Companies already working onshore on...
May 7th, 20180A bulker carting a cargo of soybean meal was grounded on Argentina’s Parana River causing disruption to the grains hub of Rosario.
Wah Kwong vessel Pilatus Venture ran aground, blocking traffic downriver to the Atlantic Ocean and causing delays to around 60 vessels.
The Pilatus Venture was grounded about 53 miles south...
February 13th, 20180In the post-panamax sector, the German controlled 93,000 dwt sized has been sold for $17.2m to the Menendez family according to brokers, who confidently link Argentina’s Interooean to the purchase.
The ship is line with the South American player’s primary objective, which is to invest in a fleet of modern bulk carriers sized...
February 12th, 20180A truck owners’ strike in Argentina has halted unloading of commodities at various terminals and has caused a logjam of dozens of vessels waiting to load cargo in the port of Rosario, according to Reuters.
Truck owners’ action has been going on for more than a week in an attempt to force the adoption of minimum rates for hauling...
December 29th, 20170There has been a second fatality confirmed from Wednesday’s explosion and fire at a grain terminal in the port of Rosario, Argentina, according to Reuters.
Grain terminal owner COFCO International, a Chinese company, released a statement saying that a worker who had been in critical condition died in hospital on Friday...
December 29th, 20170A grain terminal operated by Chinese state-run grain trading giant COFCO at Argentina’s Port of Rosario suffered a major explosion on Wednesday.
COFCO International confirmed that the explosion occurred at the loading area of its facilities at Puerto General San Martin in Rosario, killing one employee while eight others were sent to...
December 6th, 20170Royal Boskalis Westminster and DEMA have landed a 5-year contract by Comision Administradora del Rio de la Plata (CARP) for the capital and maintenance dredging of the Martín García channel.
The contract is worth around €110m ($130.1m) for the 50/50 joint venture, and the capital dredging work will be performed in 2018....
May 31st, 20170Many seaports in Argentina are facing shutdowns and slowdowns over three days starting on Wednesday as port inspectors mount a strike, according to Reuters.
The strike came into effect after workers at the the National Food Safety and Quality Service (Senasa) saw their labour talks end without resolution. That was followed by the...
March 31st, 20170Argentine dockworkers suspended a 24-hour work stoppage on Thursday after a picketing striker was killed when a trucker drove his vehicle into a line of protesters, according to Reuters.
The incident happened near the Port of San Lorenzo and prompted the CGT union to call off the rest of the day’s strike out of respect for the...
March 22nd, 20170Argentina’s Ultrapetrol has had its second amended prepackaged plan of reorganisation approved by the U.S. Bankruptcy Court.
The plan will see the company emerge from Chapter 11 around the end of this month, implementing agreements reached with the company’s lenders and bondholders.
Ultrapetrol's river business subsidiaries...
