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DP World buys stakes in Peru’s No. 2 container terminal
DP World, one of the world’s largest port operators, said it had bought a logistics firm in Peru for $315.7 million, giving it a 50 percent stake in the country’s second largest container terminal. The acquisition of Cosmos Agencia Maritima, which also offers maritime services, gives it half-ownership of Euroandinos Port Terminals which operates the port of Paita. Dubai-owned DP World operates several ports in South America, including a container terminal in Peru’s Port Callao. DP World also said in a separate announcement that its joint venture with India’s National Infrastructure Investment Fund had bought a 90 percent stake in Mumbai-based logistics firm Continental Warehouse Corp. The acquisition was the first made by the joint venture which has said it plans to invest up to $3 billion in ports, logistics and related sectors. Terms of the deal were not disclosed. The purchase consideration is less than 5 percent of DP World’s net asset value as of Dec. 31, 2017, it said.
Peru Flooding: Hapag-Lloyd Sends Aid As Death Toll Rises
Hapag-Lloyd has announced that it is supporting the relief efforts in Peru after abnormal levels of rain have claimed the lives of up to 80 people and destroyed 100,000 homes. The carrier line announced in a service disruption warning to the industry that it is now transporting supplies to the North of Peru after a special government emergency decree. Hapag-Lloyd and Consorcio Naviero Peruano are transporting 300 tons of aid and donations through the Ports of Paita and Salaverry free of charge to the affected area in the north of Peru. It said: "This past Saturday March 18, the already difficult situation, took a turn for the worse when the Virú Bridge, which connects the Panamerican Highway to the north of Peru near Salaverry and Trujillo, collapsed, cutting off all direct access of supplies and humanitarian support from the most affected areas. "Hapag-Lloyd also organized and already delivered the first batch of donations which were collected from our staff last week and are currently working on the second collection. https://www.porttechnology.org/news/peru_flooding_hapag_lloyd_sends_aid
Hapag-Lloyd adds Paita call to Centram - WCSA loop 'MXP'
Hapag-Lloyd today announced the addition of a call at Paita, Peru, to its ‘MXP’ (#773) container liner service between Mexico and the northern WCSA. The new port will be served weekly from 8 August. full story: http://linervision.wordpress.com/2013/06/27/hapag-lloyd-adds-paita-call-to-centram-wcsa-loop-mxp/
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