Latinports Newsletter January-March 2013

January-March 2013Year 5 No 1

The New Commercial Mega-blocks of the World (and its Impact in Latin America)

Port Infrastructure and Transportation the Greatest Investment Opportunities in Latin America

Panama Canal Authority Enters Latinports

Ver mas Ver mas Ver mas

Fourth Annual Latinports Event to be held in May in Cancun Mexico

15 16 y 17 de Mayo Infrastructure amp Development

CONTENTSJanuary

March

2013

Latin American Port News

Mail

IV ANNUAL SEMINAR OF LATINPORTS

Editorial

CoverCancunrsquos Beach the seat of the IV annual event of Latinports to be held in May jointly with the Association of Terminals and Port Operators of Mexico and the Mexican Association of Port Maritime and Coastal Infrastructure Cancunrsquos Beach the seat of the IV annual event of Latinports to be held in May jointly with the Association of Terminals and Port Operators of Mexico and the Mexican Association of Port Maritime and Coastal Infrastructure

DesignJulian Pinedawwwmiroamarillocomstudiomiroamarillocom

- Chairman of the Executive Committee of Latinports in the Senate of Brazil on the Modification of the Law of Ports- Chairman Elect and Executive Director of Latinports Met in Mexico to Coordinate the Annual Event

PRESIDENCY AND EXECUTIVE DIRECTION

- Port and Transportation Infrastructure The Greatest Investment Opportunities in Latin America- Port Investment Optimization - Project of Bioceanic Corridor Brazil-Chile reactivates

- Infrastructure Pending in Latin America According to IDB

LOGISTICS COMPETITIVENESS AND PORTS IN LATIN AMERICA

- Shipping lines Reduce Speed of Mega-Containerships to Save Fuel and Survive - Shipping lines Consider Joining to Fight Low Demand

SEA TRANSPORTATION AND PORTS

- Augusto Garciacutea General Director of Corporacioacuten Autoacutenoma Regional del Riacuteo Grande de la Magdalena Colombia

THE INTERVIEW

WATERWAYS IN LATIN AMERICA

- Amazon Waterway in Peru under Concession Process

- Infrastructure amp Development

- Executive Director of Latinports Met with the New General Coordinator of Ports and Merchant Marine of Mexico

LATIN AMERICA AND THE WORLD- Lack of Transportation Infrastructure Affects Global Economic Growth- The New Commercial Mega-blocks of the World (and its Impact in Latin America)- ldquoThis is the Decade of Latin Americardquo- Economic Growth in Latin America Peru the Highest and Brazil the Lowest - Free Trade Zone between Colombia Chile Peru and Mexico

New Members- Panama Canal Authority- Latingroup- Transportlog

Enero - Marzo 2013CONTENTS EditorialIn view of the great welcome to our newsletter for the amount of relevant information that ever more frequently is produced in the region each time we have decided to start the year with something new produce and distribute the newsletter quarterly (and further on every two months) so the information arrives to our readers as soon as possible

As has been traditional we start the year with good news which on this occasion is the entry of the Panama Canal as member of Latinports The Panama Canal is the most representative institution of the seaport sector of the region and one of the most representatives worldwide and for this reason we are proud to have it among our increasing number of affiliates

Another news worth mentioning is the celebration in May of our annual event in Cancun Mexico jointly with the annual congress of the Association of Terminals and Port Operators of that country ATOP and the Mexican Association of Ports Sea and Coast Infrastructure AMIP at the opening of the new federal government and the reform of the law of ports Furthermore at this time the new chairman of the executive committee of Latinports Mexican Arturo Loacutepez will take office Precisely Arturo Loacutepez president of the Altamira Port Terminal was the founder of ATOP and its president for ten years which makes him one of the most outstanding persons of the Latin American port sector

We also emphasize on the ever increasing relevance that Latin America is having worldwide the fact being that important analysts consider that in the next ten years some of our countries will be included in the list of developed countries This appreciation fills us with pride and obliges us to work in consequence to achieve this Finally we invite you to consult on your mobile device from the month of May our redesigned and upgraded webpage wwwlatinportsorg

jpalaciolatinportsorg

wwwlatinportsorg

Julian PalacioExecutive Director

Enero - Marzo 2013

IV ANNUAL SEMINAR OF LATINPORTS IN CANCUN MEXICO

HOTEL GREAT PARNASSUS MAY 15-17

INFRASTRUCTURE amp DEVELOPMENT

The Association of Terminals and Port Operators of Mexico ATOP the Mexican Association of Ports Sea and Coastal Infrastructure AMIP and the Latin American Association of Ports and Terminals LATINPORTS cordially invite to participate in this annual event which is the platform where experts of the Latin American port and coastal sectors meet to enter businesses contribute with their knowledge and ideas to support development of regional economiesParticipate with us and know the tendencies of the Latin American port and coastal sectors in the voice of recognized specialists and significant actors of these activities It is a meeting that encourages the establishment of a professional network of high level contacts allows spreading its business listening and

learning from others finding possible cooperators partners or investors Networking facilitates exchange of information and contacts as well as establishing relationships with persons that share professional interests

Please find more information in the Website wwwcongresoatopamiorgmx or emailing to congresoatopatopacmx or calling to telephone 52 55 90002511 in Mexico

Hotel reservations (Code AMIP-ATOP) phone (998) 2871400 or emails reservations1parnassusresortscom and groupsparnassusreseortscom

Enero - Marzo 2013

CHAIRMAN OF THE EXECUTIVE COMMITTEE OF LATINPORTS IN THE SENATE OF BRAZIL

ON THE MODIFICATION OF THE LAW OF PORTS

Great Parnassus Hotel Cancuacuten

Richard Klien highlighted the ldquoboomrdquo of the Brazilian foreign trade as a result of the expedition of the ports act in 1993 which led to the movement of containers grow five times in only 15 years (1996-2011) with competitive terminals worldwide Although shown agree in general terms with the provisional measured amending the law he did fall into account that competition must be fair between all the container terminals proposing the expansion of terminals to receive megaships extension of existing lease contracts to enable the expansions and the equalization of prices and costs among all operators of port terminals for this purpose

The Chairman of the Executive Committee of Latinports (and Chairman of the Board of Directors of Santos Brazil and MultiRio container terminals) Richard Klien on behalf of the Brazilian Association of Terminals of Containers Abratec intervened at the public hearing of the month of March in the Senate of Brazil to secure the position of the Guild in the new port reforms In this presentation

Enero - Marzo 2013

CHAIRMAN ELECT AND EXECUTIVE DIRECTOR OF LATINPORTS MEET IN MEXICO TO COORDINATE

THE ANNUAL EVENT

Jaime Aguilar Atop Executive Director Juliaacuten Palacio Latinports Executive Director Leoacuten Fregoso Atop Chairman and Arturo Loacutepez Latinports Chairman-elect

On March 21 in Mexico City the Chairman Elect of the Executive Committee of Latinports Arturo Loacutepez and the Executive Director Julian Palacio met with the President and the Executive Director of the Association of Terminals and Port Operators of Mexico ATOP Leoacuten Fregoso and Jaime Aguilar That meeting defined the last details of the annual

event that the two associations will make in Cancun in May jointly with the Mexican Association of Port Maritime and Coastal Infrastructure AMIP

Enero - Marzo 2013

EXECUTIVE DIRECTOR OF LATINPORTS MET WITH THE NEW GENERAL COORDINATOR

OF PORTS AND MERCHANT MARINE OF MEXICO

LACK OF TRANSPORT INFRASTRUCTURE AFFECTS GLOBAL ECONOMIC GROWTH

Guillermo Ruiacutez de TeresaGeneral Coordinator of Ports and

Merchant Marine of Mexico

During his trip to Mexico in March the executive director of Latinports had the opportunity to meet with the new General Coordinator of Ports and Merchant Marine of Mexico Guillermo Ruiz de Teresa who said that the priorities of

his Administration will be efficiency and the conectividade of Mexican ports pillars for the development of foreign trade

Deficiency in transport and communications infrastructure is one of several supply chain barriers that act as obstacles for speeding up global economic growth wrote Container Management That is the conclusion of a report entitled ldquoEnabling Trade Valuing Growth Opportunitiesrdquo prepared by the World Economic Forum in collaboration with the World Bank and Bain amp Company a Boston-based global management consulting firm

Enero - Marzo 2013

THE NEW COMMERCIAL MEGA-BLOCKS OF THE WORLD

(AND ITS IMPACT IN LATIN AMERICA)

Below is an article of the important editor for Latin America of the Miami Herald and author of several books on the region Andreacutes Oppenheimer published in the economic paper Portafolio of Colombia in

February (parenthesis is ours)

The announcement by President Barack Obama in his speech of the State of the Union on the United States negotiating free trade agreements with Asia and Europe has brought forth a tricky question how will Latin America be impacted with the creation of new commercial blocks of the largest economies of the world The answer seems to be that some Latin American countries will benefit from these mega-commercial agreements while others will be harmed

Before analyzing which countries will be performing well with the new commercial world geography and which not let us see two facts In his annual speech before Congress Obama stated that other than current negotiations for the signing of the Transpacific Association Agreement with several Asian countries and some Latin American countries of the Pacific coast Washington will start conversations to sign a Transatlantic Association Agreement with 27 countries of the European Union The Transatlantic Agreement seeks among other things to promote the recovery of Europe and reactivate world economy and would result in the creation of the largest free trade block worldwide The United States and Europe already represent 47 of global economy and one third of world commerce

Although the European Union is already the most important commercial partner of the United States and customs tariffs between both parties are low ndash around 4 percent ndash the Transatlantic Agreement will further boost bilateral commerce reducing costs for exports on regulatory barriers The Transpacific and Transatlantic free trade agreements of Obama are the most ambitions commercial initiatives of the United States after the collapse of 2005 in negotiations with the Free Trade Area of the Americas that included 34 States of the continent Now upon the lack of another US project to create

The Transatlantic Agreement that seeks to encourage Europe recovery and reactivate world economy would create the largest free trade block of the planet

Enero - Marzo 2013

to compete with its neighbors that have already entered into these agreements with the United States and Europe ldquoBrazil or Argentina may believe they will continue eternally growing by making business mainly with China but the fact is that the United States and Europe represent 47 percent of world economy while China represents approximately 12 percentrdquo said Loser

My opinion yet to be seen is that the Transatlantic and Transpacific free trade agreements materialize and if they will be as ambitious as Obama stated It is also possible that China reacts by accelerating its own negotiations to form its own commercial mega-block with India and other Asian countries

But I agree with almost all foreign trade experts that if the countries of Mercosur do not enter into some of the new commercial mega-blocks of the world they will remain ever more behind compared to Mexico Colombia Chile and other more globalized Latin American nations Considering that Latin America represents only 8 percent of world economy Mercosur members will deceive themselves if they believe they may grow faster by only making business among their own neighbors

The world of the commercial mega-blocks will seem ever more like the game of chairs or the musical chairs where countries that do not find a seat will be out of the game

a continental free trade block in the Americas the new commercial plans of Obama with Asia and Europe may have a positive impact on Mexico Central America Colombia Chile and other countries that already have free trade agreements both with the United States as with Europe as stated by most experts in foreign trade Inversely related new commercial initiatives of the United States may harm members of Mercosur ndash the commercial block formed by Argentina Brazil Paraguay Uruguay and Venezuelandash and that do not have free trade agreements with the United States or Europe

ldquoIf you already have free trade agreements with the United States and Europe as is the case of Mexico or Colombia you may export the same product under the same conditions to a much larger marketrdquo states David Lewis trade specialist of the consulting firm Manchester Trade of Washington Besides Latin American countries that already have free trade agreements with the United States and Europe may possibly attract more US and European investments stated Lewis This because the Transatlantic Agreement would eliminate restrictions currently faced by European companies as may be for example sending tax free products manufactured with European materials from Colombia to the US market

Claudio Loser a former official of the International Monetary Fund and currently a member of the Centennial Group another consulting firm of Washington states that countries of Mercosur such as Brazil and Argentina will be the biggest losers if these commercial mega-agreements materialize Only if the Mercosur countries enter into at least a free trade agreement with Europe it will be very difficult

Enero - Marzo 2013

ldquoTHIS IS THE DECADE OF LATIN AMERICArdquo

Extracts of the interview of newspaper El Tiempo of Colombia to Benita Ferrero-Waldner president of the European Union-Latin American and Caribbean Foundation (Foundation EU-LAC) former minister of Foreign Relations of Austria and former Commissioner of Foreign Affairs and Commerce of the European Union

ldquoI believe this is the decade of Latin America as said by Luis Alberto Moreno president of the IDB The region has greatly improved in reducing poverty and today a large part of its inhabitants now belong to the middle class which has undoubtedly contributed to a constant and solid economic growth and also an institutional strengthening At the same time Latin America has learned from its previous crisis and in general has followed an economic and fiscal policy for budgetary consolidation which has made it stronger in this global economic crisis However regarding innovation productivity and competitiveness there is still a lot to do also higher education must be improved and more equal fiscal policies must be considered Besides there is yet much to do in physical security sometimes in legal

security and in fighting corruption all in order to improve governance

ldquoLatin America lives an unprecedented boom and bonanza and the fact this is produced simultaneously with a significant strengthening of its democracies and a role ever more active of its civil society constitutes a framework enabling to look to the future with optimism And perhaps the peace process now undertaken by President Santos (of Colombia) may be successful which will undoubtedly make of your country one of the most outstanding of the regionrdquo

Enero - Marzo 2013

ECONOMIC GROWTH IN LATIN AMERICA PERU THE HIGHEST AND BRAZIL THE LOWEST

The magazine Dinero of Colombia published an article of the newspaper Folha of Sao Paulo quoting studies of the British consulting firm Economist Intelligence Unit and of banks Itauacute and Hsbc which show that the economic growth of Brazil will have the lowest annual medium of South America between 2011 and 2013 whereas Peruvian economy shall be the most dynamic within the region with an economic growth at an annual average of 64 during the analyzed period According to these analyses the second place will be for Ecuador (55) followed by Chile (54) Colombia and Bolivia (both 5) Argentina (49) Uruguay (46) Guyana (45) Surinam (45) Mexico (39 ) Paraguay (32 ) and Venezuela (32 )

In the case of Brazil the three studies forecast that the annual growth medium will be 24 between 2011 and 2013 period that coincides with the time in office of President Dilma Rousseff According to the chief economist of the bank Itauacute Ilan Goldfajn all Latin American countries have suffered the

effects of the global crisis but the deceleration of Brazilian economy is higher basically because of a very low investment rate that moves around 18 of the Gross Domestic Product (GDP) In Peru and Ecuador the two Latin American countries with the best economic performance this rate arrives to 254 of the GDP stated the expert In the opinion of the chief economist of bank HSBC in Brazil Andreacute Loes another of the factors explaining the slowness of the Brazilian economy is the loss of competitiveness in the national industry caused by technological backlog and infrastructure deficiencies causing a rise in prices ldquoBrazil has become an expensive and uncompetitive country and this has a negative impact on investment decisionsrdquo stated Loes

Studies also quote some Asian and European countries that will have a better performance than that foreseen for the economy of Brazil until now considered by many financial analysts as the ldquoenginerdquo of Latin America Among them worth noting are the growing forecasts for China placing it at an average of 85 between 2011 and 2013 Indonesia (64 ) India (64 ) Turkey (52 ) Malaysia (49 ) Russia (39 ) Thailand (34 ) South Africa (31 ) and Poland (27 )

Enero - Marzo 2013

Separately from the summit of the Community of Latin American and Caribbean States (CELAC) held the end of January in Santiago the four countries of the Alliance of the Pacific thoroughly accelerated their intention of creating a free trade zone this year and announced this will be done before March 31st as informed by the economic publication Portafolio of ColombiaAlthough this is the homologation of free trade agreements existing among them it encourages their wish to advance as quickly as possible only seven months after the creation of this Alliance which main objective is to increase commerce with Asia the region growing the most ldquoThis is a concrete proof of the pragmatism of the Alliance of the Pacific and its wishes to advance quicklyrdquo stated to AFP the political scientist of the University of Chile Guillermo Holzmann

Mexico Colombia Chile and Peru the economies that grow the most in Latin America have free trade agreements with the European Union and the United States as proof of their incessant commercial opening ldquoThe four countries of the Alliance of the Pacific share an economic development philosophy that define them as an open regime oriented to international and friendly trade with foreign investmentrdquo explained on the other hand to AFP Rauacutel Feliz academician of the Research and Economic Teaching Center (CIDE) of Mexico

Brazil the largest economy of the region seems to take its own path seeking a strong regional leadership Altogether with Russia China India and South Africa Brazil is part of the BRICS group that gathers large emerging countries that have joined together in the main world economic forums ldquoBeing in the BRICS group causes Brazil to go its own wayrdquo said Holzmann ldquoBrazil has a self-development project with less liberal characteristics but not completely closed to traderdquo stated on the other hand Rauacutel Feliz Thus analysts coincide that the bet for free trade or for protectionism will continue coexisting in Latin America

FREE TRADE ZONE BETWEEN COLOMBIA CHILE PERU AND MEXICO

Enero - Marzo 2013

Jamaicarsquos Industry minister Anthony Hylton has stated that this country is planning to expand its port facilities in the hope of becoming the fourth major hub in the world along with those in Singapore Dubai (United Arab Emirates) and Rotterdam (Netherlands) This ambitious project estimated to cost between US$7 billion and US$8 billion over a five to ten year period has been endorsed by The World Bank announced Port Finance International

According to the World Bank with the right investment and global partnerships Jamaica can become the transshipment logistics hub of the Americas the Caribbeanrsquos strategic handling point for bulk commodities as well as the Latin American and Caribbean centre for ship repair and dry docking It is being spearheaded by the government so Jamaica can make the most of the increased maritime activity expected from the expansion of the Panama Canal by 2015

After sending a delegation to Jamaica The World Bank has started to provide technical assistance in the development of the master plan for the logistics hub The pillars of the master plan should be unveiled by June 30 Governmentrsquos ldquoLogistics Hub initiativerdquo comprises six projects dredging the Kingston Harbor expanding port facilities at Fort Augusta and Gordon Cay establishing a dry dock facility at Jackson Bay (Clarendon) establishing a transshipment commodity port near Yallahs (St Thomas) developing the Caymanas Economic Zone (CEZ) and developing an air cargo and passenger facility in Vernamfield (Clarendon) The CEZ project is expected to get started within the next few months ldquoSome elements of the work should begin by Mayrdquo Hylton told in a press conference

Minister Hylton has exhorted potential bidders on the project to act quickly ldquoThere is a first mover advantagerdquo he said

JAMAICA LOOKING FOR INVESTORS FOR ITS BILLIONAIRE LOGISTICS HUB

Enero - Marzo 2013

in Colombia is that we have an inadequate infrastructure (hellip) that is a problem an obstacle for growthrdquo added the official

The Deputy Secretary of the Treasure of Mexico Fernando Aportela stated that the number of reforms the Government wants to approve for the financial sector seek to improve the capacity of development banks of the state to work with the private sector And he said it is also important to involve pension funds that in Mexico manage assets amounting to more than 150 billion dollars among other participants ldquoWhat I consider very important is to promote private sector participation in infrastructure productionrdquo stated Aportela

The IDB considers that Latin American investment in infrastructure needs to at least be doubled from the current 25 of the Gross Domestic Product (GDP) and that almost half of this must come from the private sector This increase could generate an increase of up to 2 percentage points in the actual potential growth of the regional GDP he added If infrastructure investment rates are maintained between 4 and 6 percent of the GDP for 20 years the region could eventually reach the levels of East Asia China and the IDB announced yesterday a fund to which the Asian giant will contribute 2 billion dollars for public and private investments in the region

Latin Business Chronicle collecting news from CNN Expansion and Reuters within the framework of the annual meeting of the Inter American Development Bank (IDB) held in Panama in mid-March emphasized that Latin America is seeking ever more the private sector to help finance an infrastructure deficit of 200000 million dollars a year which is a setback to economic growth and prevents the region from reaching to other emerging markets A better infrastructure from roads to ports up to public services suppliers is one of the most important needs of the region as stated by financial officers but limited state budgets restrict the amount that may be spent by governments therefore more private participation is required The infrastructure sector has a ldquogreat potentialrdquo stated the general manager of the Central Bank (Banco de la Repuacuteblica) of Colombia Joseacute Dariacuteo Uribe ldquoOne of the bottlenecks to growth

Infrastructure Pending in Latin America According to IDB

Mexico highlights impulse to development banks

Infrastructure needs and forecasts

Enero - Marzo 2013

Standard amp Poorrsquos observed a strong growth in financial support demand for infrastructure Last year it qualified a record of 25 bond issuance in this sector and during this time of 2013 it has received applications for 15 similar issuances stated Jane Eddy corporate and sovereign funding director of the firm for Latin America In recent years there has been a large growth in local banks for infrastructure financial support expressed Mini Roy of the funding department to global trade of Sumitomo-Mitsui Banking Corporation ldquoGovernment support and

Latin America has yet to fill huge infrastructure gaps and now is the time for governments of the region to address the diverse challenges implied Since Latin American countries have shown their great capacity to adapt to global economic uncertainties public budgets are increasing and private investors are turning more frequently to Latin America for new opportunities as may be assumed from Survey 2013 of BNamericas on infrastructure There are also advancements in the legal systems as improved schemes of public-private associations (PPA) are attracting investors for infrastructure projects

Only to mention one country Brazil which according to those surveyed will be the main destination in the region for infrastructure initiatives is working a portfolio of projects valued in hundreds of thousands of millions of dollars In the light of two important sports events in the near future the World Cup 2014 and the Olympic Games of 2016 in Rio de Janeiro many of the planned projects are still to come out from the drawing table Rhythm of works must accelerate in the next 18 months and for this the entire industry must cooperate starting with contractors to provide services to suppliers and teams The same government is launching a new wave of infrastructure works to add up new vigor to the economic cycle There are also many more opportunities in other countries such as Chile Colombia and Peru while in Mexico the new

understanding of local players is rapidly extendingrdquo he pointed out

Brazil host of the Olympic Games and the World Cup in the next years expects approximately 94 billion dollars in annual investment in the sector up to 2017 Economists of the IDB state that Latin America is a pioneer in attracting private capital for infrastructure development but its participation in this segment has recently fallen Between 2001 and 2011 the region attracted only 29 of the total amount invested in the developing world compared to 52 in the ten (10) preceding years

PORT AND TRANSPORTATION INFRASTRUCTURE THE GREATEST INVESTMENT OPPORTUNITIES

IN LATIN AMERICA

Demand for financial support

Enero - Marzo 2013

government has the political opportunity to start important projects in the entire nation

On the other hand deficient management of projects and bureaucracy are still being considered as the origin of important setbacks However since the eyes of international companies continue to pose on the region Latin American governments must benefit the most of such a fertile environment of the market for the benefit of millions of persons and firms that still lack appropriate public transportation systems such as roads trains ports and airports

Article written for Port Finance International by Dr Simon Su Director and Chief Economist of the consulting firm BMT Asia Pacific a subsidiary of the BMT Group based in Hong Kong

The strong growth in many of the emerging markets including the BRIC states (Brazil Russia India and China) is reorganizing the worldrsquos economic panorama changing the traditional relationships towards a West-East and North-South economic influence As such the new commercial patterns continue developing that is the intra-Asia-Pacific trade the intra-emerging commercial economies (as China-Latin America) and the China-Africa trade This diversification is already raising questions and uncertainties in other parts of the world particularly

PORT INVESTMENT OPTIMIZATION

Port investors must recognize the opportunities and challenges in variable trade patterns and also respond to the changing global economic panorama

Enero - Marzo 2013

In the last publication of the World Economic Vision the International Monetary Fund (IMF) forecast that the long-term growth will remain at a level sufficiently sound in many of the emerging markets and developing economies Even more important acceleration is expected in a real 325 growth of the GDP in Latin America for the second semester of last year up to 475 during the second semester of 2013 being Brazil the main promoter for this increase Asian development is also experimenting growth accelerations because of the recent encouragement for the approval of infrastructure projects in China These emerging markets are already influencing commercial patterns and arguments are it is at the expense of other parts of the world ndash European ports currently in a rather precarious situation are the main example As these economies become more prominent port investors around the world must recognize opportunities and challenges and consequently respond to this changing panorama

Brazil in particular is becoming a hot spot for investors because of the recent impulse of the government to simplify procedures for private investors to get involved in the development of port infrastructure projects Supported by strong forecasts

in growth rates both the larger markets of Latin America and those of Africa might also present on the outside a great opportunity for port investors However it is important considering that strong growth prospects are very long-term and in the short-term these economies are still rather volatile therefore investors must identify and have in mind any risk potential

Governments have a vital role supporting these infrastructure projects where its scope goes farther away than a simple development of port facilities For example in some countries investors have supported the design and construction of last generation port facilities having found that cargo may not be efficiently transported to and from the port because of road congestion or to a deficient external infrastructure (highlighted by us)

In a tender to attract foreign investment governments may also give some guarantees without duly considering the impact they may have on existing local businesses This may at the same time bring forth difficulties and political situations where promises are not kept Port investors must therefore be careful and assure they carefully investigate and plan proposed options for the site presented to them

Detailed market studies include economic analysis and investment planning developed in the first stages of the process before acquiring lands or equipment which undoubtedly will give investors efficiencies at a longer-term and also the productivity they are trying to achieve Questions on which is the economic prospect and the industrial tendency and what is the merchantability and the objective investment value will allow investors to determine the growing prospects of local economy It is vital for any investment to know its market Carrying out the due diligence on what type of cargo has had the greatest growing potential will help identify the

in European ports many of which are struggling to continue resisting

Enero - Marzo 2013

types of services and facilities needed to be offered by your port or to be put in place to stay ahead of competition (highlighted by us) The investigation should also include the evaluation of current situation compared to transportation links to the interior and to the ports of the competition or other possible port sites Even more investors must understand the implications of the policies affecting trade such as cabotage free zones or bonded warehouses at ports As the industry develops it is possible that port development concentrates more in the area of bonded warehouses because of the more flexible existing regulations related to taxes and customs dispatch

accommodated and also a quick and easy rotation time Having this in mind planning and feasibility studies related to sea transportation and traffic model must be carried out to help identify navigation risks and at the same time ensure that port resources are efficiently managed

Upon designing a port flexibility is a key issue Within the phase of the master plan three types of cargo may be identified as the key market for a port in particular However what happens when any of these markets has a low execution Investors are then left with a particular section of the port having a slow activity Ports must be designed in such a way that areas with the expected performance may accommodate a market that produces income ndash this flexibility in the phase of design helps to reduce investment risk

While real opportunities exist to achieve a sustainable growth in the long-term for port investment in emerging markets not all that glitters is necessarily gold (highlighted by us) Before committing to support a certain scheme it is essentially important to carry out a thorough evaluation focused on three dimensions of the Master Plan of the Port The Economic Analysis and Investment Plan and the Sea Transportation and Traffic Model will assure that the appropriate scenarios are considered and also that relevant risks are mitigated as part of the due diligence prior to a formal contract

Upon carrying out a master plan investors must also focus their efforts towards port layout identifying processes involved in handling cargo and seeing how to rationalize these processes that go beyond its control ndashas customs ndash When this situation is faced port investors may consider cooperating with customs authorities in particular to identify how to reduce for example waiting time To maximize opportunities and present its port facilities as an attractive option for shipping lines investors may offer flexibility within the rank of ships to be

Enero - Marzo 2013Mayo - Agosto 2011

Enero - Marzo 2013

The Brazil-Chile bioceanic integration should be a reality in the short-term This is the result of the debate regarding the creation of an interoceanic corridor connecting both countries an idea deeply discussed in Santiago by President Dilma Rousseff of Brazil and Sebastiaacuten Pintildeera of Chile the end of January as informed by Mundo Mariacutetimo quoting Agencia Brasil During the work meeting prior to the opening of the first Summit of the Community of Latin American and Caribbean States (CELAC)ndashEuropean Union (EU) Pintildeera presented a road map to the Brazilian president to retake discussions on this matter Dilma Rousseff stated after discussing the matter with her peer that the countries will start working for the integration of their main sea ports

During the joint declaration the Brazilian president emphasized the fraternal relationship between both countries despite not having borders in common ldquoThis friendship without borders now becomes a friendship without frontiersrdquo stated Rousseff emphasizing that the integration between the two neighboring economies is also being discussed by means of a railway corridor The president stated that even in the face of the difficulties imposed by the international financial crisis Brazil and Chile will continue maintaining a growth trajectory distributing its income and maintaining a strategic commercial relationship mainly in the field of investment

According to the article of Economiacutea y Negocios of December the bioceanic corridor that today it takes transporter eleven days to travel 3270 kilometers between Arica and Santos will be reduced in two days once the bioceanic road corridor between both cities is opened This allows that the bioceanic corridor may be traveled without interruptions between Arica and the Brazilian coast However still missing are some stretches of the branches that take to the alternative roads of Iquique (Peru) and Brasilia (Brazil) Pending works concentrate between Oruro (Bolivia) and the Chilean frontier and a stretch between the localities of Concepcioacuten and San Matiacuteas all in Bolivia

PROJECT OF BIOCEANIC CORRIDOR BRAZIL-CHILE REACTIVATES

The Project

Enero - Marzo 2013

Mundo Mariacutetimo quoting Agencia Andina informed that according to the Agency for the Promotion of Private Investment of Peru (ProInversioacuten) the sale of the basis to award the concession of the Amazon Waterway Project will start the first quarter of this year and tender will be under the modality of co-financed integral projects According to the tentative schedule presentation of the technical and economic offer will be done during the fourth quarter of 2013The waterway system basically formed by the Marantildeoacuten Huallaga Ucayali and Amazon Rivers will become a waterway system to interconnect the towns of the Amazon region in Peru The project proposes to develop a series of works and actions among which is dredging the opening at places representing navigation restrictions located alongside the rivers forming the system and also the access to the main river port terminals

News of The Wall Street Journal from Zeebrugge Belgium informs that the largest containership of the world the Marco Polo of CMA CGM capable of transporting 16000 TEU at a maximum speed of 24 knots after a stop at the Belgian Port returned

to China at a speed of only 14 knots to save fuel Below is an extract of the analysis of the situation by journalist Inti Laudaro with our subtitles

The concessioned company will be in charge of works and facilities required for the correct operation of the waterway and its maintenance and also traffic control allowing normalizing navigation in the different stretches of same Concessionaire will also install a system to Help Navigation that complements existing signals which will provide security to navigation at all parts that present some level of considerable difficulty Likewise a network of river gauges will be installed enabling to know at all times the level of rivers at strategic points inform navigators of conditions expected during their journey and improve knowledge on rivers hydrology Also will be established a maintenance and monitoring system of dredging works systems to aid navigation and the network of river gauges in order to assure navigation conditions for the system

AMAZON WATERWAY IN PERU UNDER PROCESS OF CONCESSION

SHIPPING LINES REDUCE SPEED OF MEGA-CONTAINERSHIPS

TO SAVE FUEL AND SURVIVE

Enero - Marzo 2013

The size of the Marco Polo and its speed in the Europe-Asia route shows an interesting and dynamic sub-relation for the industry of sea cargo transportation as in order to deal with excess containers capacity and the fall of transportation tariffs companies as the French CMA CGM and Danish AP Moller Maersk are making an effort to operate the greatest possible number of ships benefitting of the economies of scale and developing transportation at moderate speeds to save fuel Decelerating ships a practice known as slow vapor not only offers environmental benefits but upon making fewer trips the ships may adjust to a lower demand per cargo space Analysts state this practice has helped prevent a complete collapse of sea transportation tariffs

CMA CGM ordered the Marco Polo in 2007 when the navigation companies were struggling to accompany the global trade boom expanding their fleets with ever larger ships However the financial crisis of 2008 and the recession that followed in the United States and the European Union caused trade volume to fall leaving many ships inactive and causing transportation companies to lose money Nevertheless the French company informed it decided to continue with the purchase of the Marco

Polo betting on an extra-big size ship and that a lower operational cost per container would help to overcome minor competitors

The Marco Polo will lose its crown as the largest containers ship of the world in just a few months when its rival Maersk puts in service the first of 20 ships it ordered capable of transporting 18000 containers each Large ships may be a powerful weapon when dealing with market participation as its operation cost per container is almost 10 lower than minor ships according to Charles W Clowdis transportation analyst of the consulting firm IHS Global Insight

Nevertheless the competition is also purchasing bigger ships state the analysts In 2015 16 companies will be operating ships with a capacity of at least 12000 containers compared to current nine (9) according to Alphaliner transportation databank ldquoIf the market recovers quickly letrsquos say in three to five years these will be more intelligent ships but if the market continues sinking huge ships will worsen the situation states Clowdis Problems of excess capacity that devastate routes joining the United States and Europe with Asia will probably transfer to other routes alerted the analyst as some ships of the 9000 container category that today are considered inefficient for the main routes are being chartered by secondary routes to transport cargo between Asia and South Americathe Caribbean which are served by much smaller ships

Underutilization of Speed of Ships

Ever Larger Ships in an Uncertain Market

Latin American Trend

Enero - Marzo 2013

If you cannot against them join them This seems to be the premise under which most European shipping lines are operating nowadays as the idea of merging becomes more and more a possibility in the era of capacity oversupply and low demand and tariffs according to a recent report from Bloomberg informed Mundo Mariacutetimo

As reported the German shipping line Hapag-Lloyd AG (sixth worldwide) might be in conversations to merge with Hamburg Sued (12th place) states Bloomberg Both the two shipping lines will have a capacity only below Maersk Line CMA CGM and MSC While Hamburg Sued focuses on North-South routes Hapag-Lloyd would mostly operate the East-West routes as between Asia and EuropeThe board of directors of both companies are analyzing since December 2012 ldquoif and under what conditions a merger between both companies would be of interestrdquo stated the Bloomberg report specifying that none of the shipping lines is available for comments Analysts quoted by the report stated that a merger between both shipping lines would result in operational benefits increase the profit base and lead to cost reductions

As reported the German shipping line Hapag-Lloyd AG (sixth worldwide) might be in conversations to merge with Hamburg Sued (12th place) states Bloomberg Both the two shipping lines will have

a capacity only below Maersk Line CMA CGM and MSC While Hamburg Sued focuses on North-South routes Hapag-Lloyd would mostly operate the East-West routes as between Asia and Europe

The board of directors of both companies are analyzing since December 2012 ldquoif and under what conditions a merger between both companies would be of interestrdquo stated the Bloomberg report specifying that none of the shipping lines is available for comments Analysts quoted by the report stated that a merger between both shipping lines would result in operational benefits increase the profit base and lead to cost reductions

However despite the existing possibility of mergers in the horizon of the shipping industry analysts interviewed by Bloomberg believe there will not be a spread of mergers in future years as much of the consolidation potential has already taken place

The strategy of merging to fight decreases of the industry is not new to the shipping world Some of the giants of today are the result of past mergers French CMA CGM was created by the merger between Cie Maritime drsquoAffretement and CGM in 1996 Then in 1998 it acquired the Australian ANL The Taiwanese Evergreen Marine Corp has absorbed companies such as Uniglory and Italia Marittima in the last decades On the other hand Maersk has acquired shipping lines among which are containers operations of Sea-Land Services and Royal PampO Nedlloyd as stated in the report

SHIPPING LINES CONSIDER JOINING TO FIGHT LOW DEMAND

Conversaciones actuales

A history of mergers

Enero - Marzo 2013

The Magdalena River is a national priority Experts assure it is the most valuable and important natural wealth of Colombia But we do not appreciate this Having been for two centuries the fundamental core of the progress of the country it was abandoned First the train and then the road to the coast displaced the river as cargo and passenger means of transportation The great river has sediment and its waters are contaminated fishing decreased 70 per cent overflow is more frequent and ldquothe jewel of the crownrdquo is no longer a national objective After many studies and great efforts some of them unsuccessful the government of President Santos assumed the duty of recovering the river allocated resources for such an important task and delivered the responsibility of executing such a challenge to the aforementioned corporation Below are extracts of the interview of former presidential candidate Horacio Serpa to the general director of Cormagdalena Augusto Garciacutea

ldquoWe will have a River with 886 navigable kilometersrdquo

In view of the increasing importance of waterways worldwide for a substantial reduction of internal transportation costs with a friendly treatment of the environment we consider highly topical the interview of Ola Poliacutetica to the general director of Corporacioacuten Autoacutenoma Regional del Riacuteo Grande de la Magdalena Cormagdalena

THE INTERVIEW

I am one who considers that Cormagdalena is the principal entity of Colombia because of the responsibility it has to address the most important natural resource of the nation as is the Magdalena River But it has always had difficulties in matters of funding How is this situation now

This is an industrial and commercial enterprise of the State created by the Constitution under the initiative of several constituents you among others to give the Magdalena River the importance it deserves Fortunately this government has allocated a budget of approximately US$700 million for the project of recovery The decision was adopted in view of the river being not only a waterway but also that its reactivation meets a multiple purpose environmental social and obviously economic Presidents always refer to the Magdalena River but for a long time ago a president had not referred as concretely as possible to the river and to the need of its recovery Will this investment to recover the Magdalena River be canalized through the corporation

Augusto Garciacutea General Director of Corporacioacuten Autoacutenoma Regional del Riacuteo Grande de la Magdalena Colombia

Enero - Marzo 2013

Yes In fact last January 15 was opened the public-private association process already on the internet pages of the government and it is a project that must be completed in September of this year Works amount to US$600 million that pretend to build channeling works between Puerto Salgar La Dorada and Barrancabermeja and the maintenance of the river from Puerto Salgar With this we will have a river 886 kilometers long 7 feet depth (minimum permanent upstream) totally suitable to become the principal transportation waterway for national cargo Upon the award of the contract how long will the execution of works last

There is a difference between dredging maintenance and construction Maintenance will be assumed as of January 1 2014 with the basic purpose of addressing cargo transportation And channeling works will last 3 years

in November of this year The best places are now being identified for the hydroelectric plants and also plants of what size in some central micro sites in other medium sites that will help to regulate river flows and energy generation

And what may you tell us of our beloved Barranquilla

What we want with the Magdalena River in matters of transportation is to reduce internal transportation cost that today must be covered by many Colombian entrepreneurs above all coal producers from the center of the country Santander and the Boyacaacute-Cundinamarca savannah But the river needs a port with a great draft where large ships may arrive and take these products at competitive prices to the international market Thus Barranquilla has reactivated its deep-water project a 20-meter deep port where any type of ships may arrive especially the larger ships that will move through the Caribbean after the extension of the Panama Canal Therefore Barranquilla and in Cartagena the port of Sociedad Portuaria will be two destination ports for the Magdalena River capable of transporting cargo abroad And the Canal del Dique (artificial arm of the river ending in the bay of Cartagena)

Regarding Canal del Dique we have presented a project to the Adaptation Fund for the preparation of a great study ndash with resources already allocated by this government of approximately US$700 million ndash in such a way we may know which are the works to be built there and that besides maintaining navigation allows protecting municipalities from overflows as those that occurred in 2010

In other times there were boats and ferries full of folklore with orchestras playing cumbia and the music of the breeze Will we see this again

Towards the future will there be programs for energy generation

Of course We are developing with the government of China a study for a great plan to use the Magdalena River and one of its most important projects is energy generation This study will be ready

Enero - Marzo 2013

We are preparing a project with the Vice-Ministry of Tourism so the middle and higher Magdalena may become an attractive tourist scenario for Colombians and foreignershellip The problem is there are no navigation means as before no boats no ferries and no ships to allow tourists to travel We want to invest in ports and docks in viewpoints and seawalls for all this to contribute to a great national tourist project

What may we say to Colombians to have them once again fall in love with the Magdalena River

The river basin produces 80 percent of the Gross Domestic Product of Colombia and is inhabited by 30 percent of its population This by itself speaks of the great importance it has for Colombians When we allow that today abandoned municipalities ndash that were founded next to this great interconnection waterway ndash reactivate again the Magdalena River will undoubtedly have a better image

which will allow the transit of containerships of up to 12000 TEU with maximum dimensions of 49 meters of beam 366 meters of length and 15 meters of draft and other types of ships such as bulk grain ships of up to 170000 tons of dead weight which will allow meeting demand beyond the year 2025

Marketing director is Oscar Bazaacuten obazanpancanalcom

After its opening almost one hundred years ago (its centenary next year) the Panama Canal has had an effect of extensive proportions by shortening sea communication time and distance the dynamics of commercial and economic exchange by providing a short and relatively inexpensive transit route between the two oceans decisively influencing world patterns of trade promoting economic growth of developed and developing countries and further providing the basic impulse for the economic expansion of many remote regions of the world The extension currently being developed will be completed in 2015

NEW MEMBERS

LATINGROUP

Enero - Marzo 2013

ZPMC is a famous heavy-duty equipment manufacturer and a state holding company listed on A and B shares in Shanghai Stock Exchange The major shareholder is China Communication Construction Co Ltd (CCCC) which is one of top 500 companies in the world

Zhejiang Zengzhou Shipbuilding Co subsidiary of Zengzhou Group is one of the key Ship Building amp Repairing Projects of large scale introduced by Zhoushan Government which is run under the modern shipbuilding pattern in accordance with Modern Enterprise System Company covers an area of 127 acres with a 658m deep-water coastline which makes up a vast ocean to possess a unique geographical superiority for ship building and repairing

The president of Latingroup is Rafael Torres presidentlatingroupcomco

The representatives for Latin America of Chinese State Enterprises involving companies with the highest ranking and international recognition as Shanghai Zhenhua Heavy Industry Co ZPMC China Machinery Engineering Corporation CMEC and Zhoushan Zengzhou Ship Repairing amp Building Co with an increasing Latin American sea port market potential

CMEC is the first large national corporation integrating foreign trade with industry Is a large global conglomerate with the contracting of the international engineering projects and the export of complete plants as its core business and its main business includes the foreign trade business RampD work and design as well the international service trade

This recently created Colombian company dedicated to consultation supervision management structuring and development of ports sea and river projects and transportation logistics is formed by experts of the highest level in national and international projects and is here to fill a gap in the Latin American media as it may be entrusted with all phases of a project from technical studies financial evaluation up to legal viability strategic alliances and achievement of investors As a whole partners of the company have successfully developed many projects in aforementioned sectors

For additional information please visit webpage wwwtransportlogcomco or directly contact Mauricio Esteban mestebantransportlogcomco

Enero - Marzo 2013

BoliviaBioceanic Corridor Brazil-Bolivia-Chile will open in April

Government Accepts Renewal of Port Contracts Signed After 1993

According to Valor of Brazil on April 5 at San Joseacute de Chiquitos Bolivia will take place the opening of the called Bioceanic Corridor an input network that will allow communicating the Atlantic and the Pacific through Brazilian Bolivian and Chilean territories from the port of Santos to Arica passing through Bolivia This corridor is the result of an agreement signed in 2007 by former presidents Luiz Inacio Lula da Silva of Brazil Michelle Bachelet of Chile and Evo Morales of Bolivia at an estimated cost of US$604 million

equality with new private terminalsrdquo as has been requested by current operators

Government Makes Known National Transportation Strategy

According to the article one of the landmark cases is that of Santos Brasil that is requesting an extension of the contract of its terminal responsible for almost 55 of the movement of containers of the port of Santos The company commits to invest US$350 million in works that will enable berthing super containerships and increase 50 movement capacity of cargo in the terminal The article adds that the government is willing to reach an agreement for new investment commitments not only with Santos Brasil but with all other container terminal operators

According to an article of Valor of the beginning of March the government is favoring the renewal for 25 years of the contracts of public service terminals tendered after 1993 in exchange for investments explaining that ldquothis measure will allow greater

Brasil Chile

Enero - Marzo 2013

SAAM Associates for the Exploitation of the Buenavista Port in Colombia

BNAmericas informed that according to the communication of the Ministry of Transportation and Telecommunications (MTT) the government informed its national transportation strategy that will guide the policies and actors of the sector for the years to comeldquoOur country is changing It is renewing its engine with a more powerful one As Ministry we must respond to this context and retake an important role in planning task that was delayed for many years To recover and strengthen this function we are promoting the greatest transformation process since the creation of the MTT in 1974rdquo stated the office director Pedro Pablo Erraacutezuriz

National transportation policy points guiding the transportation sector towards objectives priorities and long-term instruments among others the modification of road port and railway infrastructure sectors and the implementation of investment plans Among the specific projects incorporated in this strategy is the initiative to select the best area and type of large scale port to be built in the central region of the country a project that will be informed by the end of 2013 when the second part of the national strategy is published states the communication

According to Mundo Mariacutetimo the Chilean company SAAM altogether with the Colombian companies Abonos Colombianos SA (Abocol) and Compas announced in January the formation of an association for the commercial exploitation of the Port of Buenavista and also to develop an integral large scale logistics center both located in Cartagena de Indias Colombia in the sector of Mamonal The company estimates investments of approximately US$45 million in its first stage

Puerto Buenavista SA owns the concession of the port of the same name that currently has a dock of 211 meters which infrastructure will be improved and the corresponding equipment provided with the purpose of potentiating and developing it according to market requirement characteristics In addition the company has acquired a nearby lot of approximately 41 hectares within the industrial quarter of Cartagena that will be destined to the development of an integral logistics center that among other services will have warehouses and a distribution center an area for the consolidation and deconsolidation of cargo a yard for full and empty containers a storage area for ro-ro and general cargo besides extensive areas to install industries related to foreign trade activities

Abocol is a company dedicated to the production and commercialization of fertilizers for agriculture and is present in seven countries of Latin America Among its products is nitric acid ammonia nitrate calcium nitrate and also composed fertilizers as the case of NPK Compas is a recently created company product of the merger of port assets of the Argos Group the largest cement company of Colombia and Muelles El Bosque company of the Echavarriacutea Obregoacuten family and the Spanish group Ership owners until now of Muelles El Bosque The new firm will have seven port terminals four on the Atlantic two on the Pacific and one on the Magdalena River

Enero - Marzo 2013

SAAM is a company focused to provide logistics services tugboats services where it is one of the main operators worldwide and operates port terminals being the second largest Latin American operator

According to information of the economic newspaper La Repuacuteblica the Group Port of Cartagena through its sea terminals Manga and Contecar reached the record figure of 2018389 containers transported by the end of 2012 which becomes a historical figure in Colombia and positions it as the first in the country to achieve such advance

to the month of June of this year considering they have advanced in the first phase of the road to the Peninsula of Aguadulce in Colombia where the sea terminal will be built

ldquoThe first phase of the access road has been done with a total extension of 21 kilometers work being built by Sociedad Puerto Industrial Aguadulce but based on the designs and supervision of the Instituto Nacional de Viacuteas Inviacuteas product of an agreement with themrdquo stated Miguel Abisambra company manager affiliate of International Container Terminal Services Incorporated ICTSI The road where more than US$60 million will be invested shall become a national road upon its termination product of this agreement

In its first phase the port will transport more than 400000 containers its specialty to be done through a dock 600 meters long initially and further on will reach 900 meters Another 250 meter long dock will also be built to handle bulk and coal thus enabling to operate more than 2 million tons of each of these cargoes ldquoWorks as such in the sea terminal shall start prior to the end of this semester and access road works will continue at the same time as well as dredging the approach to 145 metersrdquo said Abisambra It is estimated that this port will be in operation by mid-2015 but the road must be concluded by mid-next year

According to an article of Mundo Mariacutetimo taken from El Paiacutes the port project of Aguadulce one of the oldest in Buenaventura begins to take shape Directors expect that its construction will begin prior

Cartagena Exceeded 2 Million TEUs in 2012`

Port of Aguadulce in Buenaventura Would Start Construction in 2013

Port of Mariel Expecting End of Embargo

Colombia

Cuba

Enero - Marzo 2013

World sea transportation is changing and Cuba located in a strategic communication route is anxious to obtain the economic advantages that may offer the port of Mariel according to Christopher P Baker author of the blog Moons Travel Guide specialized in Cuban and Costa Rican matters quoted by Mundo Mariacutetimo that gathered information from Martiacute Noticias The immediate problem is that current economic sanctions establish that any ship arriving to a Cuban port must have to wait 180 days to enter the United States However while this measure is in force the interest of making of the Port of Mariel a huge storage and handling center for regional sea cargo depends of the political rapprochement between Washington and Havana

Baker emphasizes that the expansion of the port is directly related to the modernization of the Panama Canal that for 2015 will allow traffic through its locks of cargo ships transporting up to 12000 containers a figure three times greater than current one To receive these deep draft mega-cargo ships that will cross in both directions the Pacific the Atlantic and the Caribbean the extensions of the Port of Mariel are being built Engineering works are in charge of the Brazilian giant Odebretch in association with the Construction Company of the Armed Forces of Cuba and when the extension works are finished the Port of Mariel will be capable of handling one million containers a year and its draft will be capable of receiving the mega-cargo ships crossing the Panama Canal The Government of Brazil is supporting the project with a line of credit to Cuba of one million dollars Besides last month of November three Brazilian companies among them Marco Polo the largest builder of bodies for buses committed to open production plants within the area of economic development linked to the port of Mariel

The Chinese company PSA International based in Singapore the same that operates Panamanian ports will be in charge of the administration of the Port of Mariel qualified as the largest and most modern facility of the Caribbean states Baker Cuba wishes that its modern port facilities will serve sea transit of imports and exports of goods from the entire region including US ports but for the time being and while the embargo of the United States to Cuba is in force the millionaire investments for the expansion of the Port of Mariel will not give the results their sponsors expect states Baker

According to Mundo Mariacutetimo quoting Gramma of Cuba and The Nuevo Herald of Miami the extension of Mariel located about 45 kilometers west of Havana is the most important investment currently being developed in the island amounting to approximately US$900 million of this US$640 correspond to a credit from Brazil The execution of works is developed through the International Economic Association formed by the Cuban construction company Quality and the Brazilian company COI

This Project is the beginning of the first Special Development Zone of the country and its extension involves about 465 square kilometers It includes a containers terminal that will be the center of the future Special Development Zone of Mariel and that will be connected to different development areas and industries of the zone all this by means of a

Enero - Marzo 2013

high performance road railway and communications infrastructure

After an extensive presentation of proposals for the construction of the new Containers and General Cargo Terminal of the National Port Company (ENP) of the Port of Corteacutes International Container Terminal Services Inc (ICTSI) was the winning company to carry out these works as informed by Mundo Mariacutetimo The other competitor was the Consortium Grupo Mariacutetimo TCB SLBolloreacute Africa Logistics The Commissioner of Coalianza and President of the Technical Committee Joseacute Antonio Pineda assured that ldquowith the award of this contract starts the most important transformation project for the economic reactivation of the National Port Company (ENP) of the Port of Corteacutes and its areas of influence that will benefit of best quality employment sources development and progressrdquo As explained by Pineda the awardee commits to modernize docks extend berthing lines for ships and build a containers terminal It also assumes the commitment of introducing the necessary equipment to serve ships which includes 11 mobile cranes for cargo Although there is not an exact date to start works the contract foresees that the concessionaire has a period of six months to obtain resources which is due in August of this year

According to the conditions established in the contract the awardee must make an investment for the first concession of approximately US$500 million (of a total of US$624 million) with which

The government of President Mauricio Funes is in its final period and the Port of La Unioacuten continues without being concessioned despite more than one year ago the long expected Law of Concessions was approved by the Legislative Assembly All points out that 2013 will be another year of waiting as according to the head of the Autonomous Port Executive Commission (CEPA) Alberto Arene bases of the tender will be published until April but then there will be at least six months for the interested companies to present their offers thus the concession may only be granted in September but if there is no declaration of void tender or any appeal from any of the participants But this is not all CEPA will have to wait another three months to deliver the project to the company being awarded the tender as informed by Arene last year Besides Arene has left for last the rounds of visits to possible investors as only until November of last year was decided to start tours to various countries of Asia and America offering the advantages of the sea terminal and ldquoexpanding its visionrdquo

Bases for the Tender of Port La Unioacuten will be published next April

ICTSI will Build and Operate New Terminal in Puerto Corteacutes``

El Salvador

Honduras

Enero - Marzo 2013

Construction starts in October

Tender for the First Phase of the Extension of the Port of Guaymas will be opened in March

the infrastructure equipment and port logistics will be modernized as the mechanism to guarantee sustainability and recover the first place of the market of terminals of the region The infrastructure ENP-Puerto Corteacutes will continue being the property of the state of Honduras and the concessionaries will have the obligation to build equip finance maintain and operate the containers terminal of the port complying with the highest international standards Located approximately 200 kilometers in the northern part of Honduras Puerto Corteacutes is the point of entry and exit of approximately 80 of the foreign trade of Honduras

International Container Terminal Services Inc (ICTSI) is a Philippine company specialized in the operation of containers terminals operating 24 terminals in 18 countries among which are several Latin American countries

At the latest in October of this year will start the construction and equipping of the containers terminal of the Port of Corteacutes in Honduras as assured by the executives of the Philippine firm International Container Terminal Services (ICTSI) ldquoWe are looking for results shortly According to the Schedule of activities we will start operation and construction of what has to be done to improve the infrastructure as of October of this yearrdquo stated Juan Carlos Garrido director of Business Development for the Americas of ICTSI The executive showed as example the operations the company is developing in the Port of Guayaquil Ecuador where service yields and improvements were accomplished in a five-year term

The confirmation of starting works was done after a meeting of the authorities of the Commission for the Promotion of Public-Private Alliances (Co-Alliance) and executives of ICTSI the company winner of the tender with entrepreneurs from the north zone in order to socialize on the development of the process of the tender and its award and the benefits this concession will bring to Honduras

Tender for the first stage of the project for extension of the Port of Guaymas will be called in March stated to BNamericas the general director of the port authority Joseacute Luis Castro ldquoWe already have an approved master program the executive project is in process and environmental procedures are also in process and we expect for the beginning of March the dredging tender for the first stagerdquo stated Castro

The port located in the northern state of Sonora Gulf of California will be developed in two stages of which the first one involves the dredging

Meacutexico

Enero - Marzo 2013

Construction of a new cargo railroad station appraised in US$303 million in the capital of the Mexican state of Durango will be completed prior to the end of the first quarter of the year and initiation of works for a new railway bypass will be launched amounting to US$40 million that will go by next to the state capital as stated to BNamericas by the governor of the state Jorge Herrera The project started in July 2012 includes the construction of 23 kilometers of railway administrative buildings and storage and yard facilities The station is located at a new logistics center being currently built facing the international cargo airport which will benefit of the connectivity with the Durango-Mazatlaacuten road

The government is developing the electrical gas and potable water facilities and a treatment plant for waste water in the logistics center of the 1600 hectares ldquoso companies may arrive and immediately install themselvesrdquo stated Herrera The new railway

and construction of 10 terminals for an amount of US$567 million According to port director approximately US$173 million will be invested in dredging and basic infrastructure for common areas while the remaining US$394 million will be disbursed by private companies obtaining concessions and to be spent in docks and furnishings The largest dredging companies of the world ndash Royal Boskalis Westminster Dragamex Van Oord Jan De Nul and Dredging International ndash have expressed their interest in the tender stated Castro

Upon completion of works facilities will have a capacity of 30 million tons per year compared to current 7 million The first dredging phase will conclude in 15 months and the award of the project and starting of construction are forecast for the first semester of the year The second phase of expansion will involve the construction of a new containers terminal and a multipurpose terminal with a dock 600 meters long The extension of the port is necessary to meet the ever increasing demand to handle containers cargo besides the traditional markets of the port for agriculture and mineral cargo The strong demand of imports and exports to the center and east of the United States particularly to and from Arizona is also a key promoter for forecast growth declared the head of the authority

Once the initiative has been completed the Port of Guaymas will deliver a ldquoviable alternative a substituterdquo to the failed port Project of Punta Colonet (proposed by previous administration as a frontier port between the United States and Mexico) added Castro who concluded telling that although the terminal of Guaymas will not serve the ports of Long Beach or Los Angeles (as was the intention of Puerto Colonet) ldquowe are practically an American port with Mexican pricesrdquo

Construction of Railway Terminal in Durango is completed

Enero - Marzo 2013

pole ldquowill strengthen Durango as a logistics world class hubrdquo he added

Construction of the Durango-Mazatlaacuten road valued in US$2000 million that will become the first inter-coastal road built in Mexico will be completed the second semester of this year stated the governor This super road is 230 kilometers long and has two lanes that will allow circulating at 110 km per hour and is part of the axis road Mazatlaacuten-Matamoros in the Atlantic for a total of 1241 kilometers Works will reduce cargo transportation time between the Atlantic port of Mazatlaacuten and Durango in two and a half hours

According to the report of Mundo Mariacutetimo taken from La Estrella of Panama upon termination of the extension Project of the Panama Canal there will be a bottleneck because of the increase in the capacity of the logistics sector of the country thus services will be required to assist in satisfying

The Panama Canal manages other logistics businesses to prevent bottleneck

future demand The direct economic impact of this extension may be of approximately 5 of the Gross Domestic Product (GDP) but other contributions (16) will come from other activities according to studies developed by the Panama Canal Authority (ACP in Spanish) In the meantime the ACP has started looking for solutions to optimize the sector

Rodolfo Sabonge Strategic Planning Vice-president of the ACP confirmed the analysis is being done to develop businesses in addition to the transit of ships For this the ACP engaged the consulting firm HRD to develop the viability studies for eight projects including terminals for the supply of liquefied natural gas (LNG) distribution of automobiles and bunkering a logistics park a top-off operations center another for ship repairs a water rail and the port of Corozal the latter the best known of all ldquoThe first element showing us we now are in full capacity is that ports grew only 3 because of lack of capacity and not lack of demandrdquo stated Sabonge He mentioned that the ACP is assuming the leadership in this matter but it must not be necessarily developed only by them What is sought is that it is done because in this way the Canal adds value to the route ldquoWe now see that our logistics system has lots of potholesrdquo he said

77 of containerships transiting the interoceanic route arrive to Panamanian ports and thus there is a close relation between transit and transshipment The shipper transits through the Canal unloads cargo and also picks up cargo which adds value as it will charge freights and does not leave empty explained the official ldquoWe are interested in the existence of services complementary to the extensionrdquo stated Sabonge Studies will be ready in six months and it will be the board of directors of ACP that makes this decision For the time being more than US$12 million have been invested These projects will have a positive impact in the growth of economy and

Panamaacute

Enero - Marzo 2013

employment generation

The water rail will be a service of barges transporting containers These will be moved from places where existing railroad has no access as ports to be developed in the west bank of the Canal They will pass by current locks ndash which capacity will be inactive ndash as it is foreseen that most part of traffic will pass through the new locks Another study establishes the creation of a ship repair post-panamax type terminal that will transit by this route as in the area there are no dikes sufficiently big to provide services to them The ro-ro or automobile distribution terminal will receive crude vehicles and tires leather seats and other accessories will be installed there This may be located in the old shooting polygons that were decontaminated

The most advanced studies are those for the port of Corozal In April the final viability report may

be ready to be presented to the board of directors that will decide if construction proceeds or not Further on funding will be determined At this time simulation studies are being done in view of the closeness of the port to the new locks and a present task is to demonstrate if there are any risks considering traffic and 20-year demand Study costs US$200000 and feasibility study US$1 million To build the sea terminal 118 hectares of the government and other 75 ha of the ACP will be used

Rubeacuten Lachman of the company Intracorp reiterated that the core of Panamanian economy is the interoceanic route Its company developed in 2006 the first economic impact study of the extension The economist stated as good the ACP initiative to be leader in this matter ldquoMany activities developed in the country are based on the Canal as the Free Zone of Colon commercial activities ports and the banking centerrdquo he stated

The projects

Enero - Marzo 2013

I am happy to verify that the annual event of Latinports in Valparaiacuteso was a complete success

Richard KlienChairman Executive Committee of Latinports

Brasil

Very good the Declaration of Valparaiacuteso

Marcelo ArauacutejoPresidentLibra Group

Brazil

Mail

Enero - Marzo 2013

I found pertinent objective and concrete the conclusion on Multimodality and Logistics of the Declaration of Valparaiacuteso

Miguel Aacutengel Yaacutentildeez General ManagerIntermodal Logistics Terminal of Hidalgo Mexico

A member of the Hutchison Port Holdings Group

I found the Declaration of Valparaiacuteso very good and clear

Harald JaegerGeneral ManagerEmpresa Portuaria Valparaiacuteso

Chile

Congratulations on the event held in Valparaiacuteso

Celso CamargoPort of New Orleans South America

Office in Brazil

Le agradezco me haya enviado el boletiacuten informativo el cual es muy informativo Me he tomado la libertad de enviarlo a mis colegas en Latinoameacuterica

Diego F Quiroga Principal Engineer Maritime and PortsURS Infrastructure amp Environment UK Limited

Basingstoke United Kingdom

Very complete newsletter

rturo LoacutepezChairman Elect of Latinports

Mexico

`Thanks for the article (on the reactivation of the Magdalena River navigation) published in the magazine of National Association of Producers of Concrete I believe beyond doubt that we will have a project ready this year for the reactivation of the Magdalena

Augusto GarciacuteaGeneral Director Cormagdalena

Bogotaacute Colombia

Enero - Marzo 2013

LATIN AMERICAN ASSOCIATION OF PORTS AND TERMINALSLATINPORTS

MEMBERSHIP FORM

CORPORATE MEMBER (Latin American Port or Terminal) ___SUSTAINING MEMBER (Companies related to the port industry or ports and terminals from other regions of the world) ___CompanyAddressCity CountryTelephoneWebsiteLegal Representative (Contact Person)PositionE-mailBrief Description of the Company

As corporate (sustaining) member we agree to pay the annual dues of US$2500 (US$850) within 30 days following presentation of the invoice

SIGNED

NAME AND POSITION OF PERSONFILLING OUT THE FORM

DATE

Please return this form filled out to jpalaciolatinportsorg

Btn_1

CONTENTSJanuary

March

2013

Mail

IV ANNUAL SEMINAR OF LATINPORTS

Editorial

CoverCancunrsquos Beach the seat of the IV annual event of Latinports to be held in May jointly with the Association of Terminals and Port Operators of Mexico and the Mexican Association of Port Maritime and Coastal Infrastructure Cancunrsquos Beach the seat of the IV annual event of Latinports to be held in May jointly with the Association of Terminals and Port Operators of Mexico and the Mexican Association of Port Maritime and Coastal Infrastructure

DesignJulian Pinedawwwmiroamarillocomstudiomiroamarillocom

- Chairman of the Executive Committee of Latinports in the Senate of Brazil on the Modification of the Law of Ports- Chairman Elect and Executive Director of Latinports Met in Mexico to Coordinate the Annual Event

PRESIDENCY AND EXECUTIVE DIRECTION

- Port and Transportation Infrastructure The Greatest Investment Opportunities in Latin America- Port Investment Optimization - Project of Bioceanic Corridor Brazil-Chile reactivates

- Infrastructure Pending in Latin America According to IDB

LOGISTICS COMPETITIVENESS AND PORTS IN LATIN AMERICA

- Shipping lines Reduce Speed of Mega-Containerships to Save Fuel and Survive - Shipping lines Consider Joining to Fight Low Demand

SEA TRANSPORTATION AND PORTS

- Augusto Garciacutea General Director of Corporacioacuten Autoacutenoma Regional del Riacuteo Grande de la Magdalena Colombia

THE INTERVIEW

WATERWAYS IN LATIN AMERICA

- Amazon Waterway in Peru under Concession Process

- Infrastructure amp Development

- Executive Director of Latinports Met with the New General Coordinator of Ports and Merchant Marine of Mexico

LATIN AMERICA AND THE WORLD- Lack of Transportation Infrastructure Affects Global Economic Growth- The New Commercial Mega-blocks of the World (and its Impact in Latin America)- ldquoThis is the Decade of Latin Americardquo- Economic Growth in Latin America Peru the Highest and Brazil the Lowest - Free Trade Zone between Colombia Chile Peru and Mexico

New Members- Panama Canal Authority- Latingroup- Transportlog

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Enero - Marzo 2013

THE ANNUAL EVENT

Enero - Marzo 2013

IN LATIN AMERICA

Enero - Marzo 2013

The Project

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THE INTERVIEW

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NEW MEMBERS

LATINGROUP

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Brasil Chile

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Colombia

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El Salvador

Honduras

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Panamaacute

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MEMBERSHIP FORM

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Enero - Marzo 2013

THE ANNUAL EVENT

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NEW MEMBERS

LATINGROUP

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Colombia

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Enero - Marzo 2013

THE ANNUAL EVENT

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THE INTERVIEW

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NEW MEMBERS

LATINGROUP

Enero - Marzo 2013

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Colombia

Cuba

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MEMBERSHIP FORM

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Enero - Marzo 2013

THE ANNUAL EVENT

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Brasil

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Enero - Marzo 2013

Chile

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MEMBERSHIP FORM

SIGNED

DATE

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Enero - Marzo 2013

THE ANNUAL EVENT

Enero - Marzo 2013

IN LATIN AMERICA

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NEW MEMBERS

LATINGROUP

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Colombia

Cuba

Enero - Marzo 2013

El Salvador

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Brasil

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Chile

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Enero - Marzo 2013

MEMBERSHIP FORM

SIGNED

DATE

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Enero - Marzo 2013

THE ANNUAL EVENT

Enero - Marzo 2013

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THE INTERVIEW

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LATINGROUP

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Colombia

Cuba

Enero - Marzo 2013

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Enero - Marzo 2013

MEMBERSHIP FORM

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IN LATIN AMERICA

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Office in Brazil

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Enero - Marzo 2013

MEMBERSHIP FORM

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MEMBERSHIP FORM

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Enero - Marzo 2013

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Enero - Marzo 2013

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IN LATIN AMERICA

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THE INTERVIEW

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The projects

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Enero - Marzo 2013

MEMBERSHIP FORM

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