ICTSI's Argentinian subsidiary, TecPlata, has been certified to handle large vessels, boosting Argentina's trade competitiveness.
International Container Terminal Services Inc. (ICTSI) announced that its Argentinian subsidiary, TecPlata, has been certified by the Argentine Naval Prefecture to handle docking maneuvers for neo-Panamax vessels. This accreditation makes TecPlata the first terminal in Buenos Aires and the entire country capable of accommodating these large ships.
TecPlata CEO Juan Pablo Trujillo stated that this certification will boost the competitiveness of Argentina’s foreign trade, restoring Argentina’s rightful position as a leader in international trade. Trujillo highlighted TecPlata’s infrastructure and technical capabilities, being the only dock in Buenos Aires designed to accommodate upcoming improvements in the depth of the Navigable Waterway. Neo-Panamax vessels, measuring 366 meters in length and 51 meters in width, are crucial in global trade due to their capacity to carry larger cargo volumes. For years, Argentina’s ports were limited to feeder vessels, necessitating transshipment at regional hubs before cargo reached global markets. The latest certification allows shipping lines to bypass these intermediaries, offering direct services to the world’s key trading centers. The port terminal recently completed the dredging of its access channel and earned recognition as Argentina’s first carbon-neutral terminal, further demonstrating its commitment to innovation and environmental sustainability. Last August, the company reported a 34 percent surge in profits to $420.55 million in the first half compared to $313.80 million the previous year, attributed to the robust performance of its international terminal portfolio. The company’s revenue from port operations also increased by 13 percent to $1.32 billion, driven by higher ancillary services, favorable tariff adjustments, and a more favorable container mix at certain terminals. ICTSI handled a consolidated volume of 6..
TRADE SHIPPING ARGENTINA PORT INFRASTRUCTURE
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