SAAMs TPG Expands Ops by Adding Bulk Terminal

SAAM   Chilean port, towage and logistics services provider SAAM informed that Terminal Portuario Guayaquil (TPG), a port it has operated in Ecuador since 2006, incorporated the facilities of the adjacent Trinipuerto bulk terminal through a 40-year lease. Trinupuerto terminal is expected to more than double TPGs current container transfer capacity and enable it to enter the bulk cargo market. Between 2016 and 2017, TPG will invest around USD 60 million in new infrastructure. The investment plan includes expanding the berth by 120 meters to total 480 meters, purchasing modern equipment, including two super Post-Panamax (STS) cranes and five RTG cranes, and equipping 4.5 additional hectares for support areas. The new infrastructure is expected to be inaugurated in June, according to SAAM. With these investments, TPG hopes to properly meet increased demand from commercial contracts signed recently that will help almost triple its activity in upcoming months, SAAM said.  TPG is a port operated by SAAM, providing services at the base of the Santa Ana Estuary located in Isla Trinitaria, a suburb of the city of Guayaquil.