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ICTSI Argentina Launches Operations

Chennai:

Port Wings News Network:

TecPlata, the new container terminal located in Argentina’s Puerto de La Plata, recently began operations, with an opening ceremony that was attended by the vice governor of the province of Buenos Aires, the Minister of Production and several other national, provincial and municipal officials.

The opening rites were highlighted by the arrival of Jacarandá, a vessel of Log-In, a Brazilian shipping line specializing in door-to-door logistics solutions which recently signed an agreement with TecPlata, a subsidiary of Philippine-based port operator International Container Terminal Services Inc. (ICTSI).

The arrival of the vessel, which has an overall length (LOA) of 218 meters and a cargo capacity of almost 38 tons, marked the start of Log-In’s fortnightly operations at the terminal.

Commenting on the development, Bruno Porchietto, TecPlata CEO, said, “This a first step for the company, and we firmly believe that this will pave the way for new agreements with more operators to maximize our current installed capacity of 450,000 TEUs.”

Bruno Porchietto stated: “The terminal may also be expanded to twice its existing capacity to over 1 million TEUs. This was a long-awaited milestone and, from here on, our terminal will stand apart for its efficiency, competitiveness and transparency.”

TecPlata, an investment of US$450 million, is the most modern port in Argentina equipped with the latest infrastructure, equipment and computer systems in the industry. It is located only 60 kilometers from Buenos Aires, the country’s capital, and has a total area 41 hectares, 25 hectares of which have been allotted for containers.

Headquartered and established in 1988 in Manila, Philippines, ICTSI is in the business of port operations, management and development. ICTSI’s portfolio of terminals and projects spans developed and emerging market economies in the Asia Pacific, the Americas, Europe, Middle East and Africa. ICTSI has received global acclaim for its public-private partnerships with governments divesting of their port assets to the private sector.

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