Bilyonaryo - Business

Ricky Razon expands ICTSI’s operations in Argentina

International Container Terminal Services Inc. (ICTSI)’s business unit in Argentina is expanding its services through an agreement with one of Uruguay’s major feeder operators.
ICTSI’s TecPlata SA announced that it has entered into an agreement with Vessel SA for the operation of a new weekly service between the La Plata Port and the Port of Montevideo in Uruguay.
Set to commence next month, the new service will be operated by Vessel SA’s 650-twenty-foot equivalent unit (TEU) capacity barge Gabrielle, which also features 50 connections for reefer containers.
ICTSI said the new service would allow import and export cargo to reach new markets and expand TecPlata’s services further across the Gulf Region, the US East Coast, the Mediterranean and Northern Europe.
It will also add to TecPlata’s already consolidated services connecting to Brazil and Asia, while providing customers with new alternatives as cargo from the Santa Fe–La Plata logistics corridor can be integrated into the new service.
The new feeder connection between La Plata Port and the Port of Montevideo will not only expand TecPlata’s services, but will also provide importers and exporters with more alternatives as well as improve the cost and operational efficiency of Argentine foreign trade.
ICTSI’s TecPlata was granted a 30-year concession to build and operate an all-purpose port terminal in the greater Buenos Aires area in Argentina in 2008.