Carrier Acquires Chile Port Operator SAAM

October 18, 2022

Carrier Acquires Chile Port Operator SAAM

Hapag Lloyd have recently made its first investment in Latin America, through the $1 billion acquisition of the SM SAAM S.A. marine terminal and logistics businesses. The German ocean carrier has acquired all of their shares in 10 terminals, as well as bonded warehouses and logistics operations.

The deal covers 4,000 staff in 10 terminals that handled a combined 3.5m teu last year. This includes Iquique, Antofagasta, San Antonio, San Vicente and Corral in Chile, the Florida International terminal in Port Everglades, along with port terminals in Mexico, Colombia, Costa Rica and Ecuador.

Tim Seifert, Hapag-Lloyd’s director of corporate communications, told American Shipper. “Trade lanes from and to Latin America are expected to further increase in attractiveness, for example due to e-commerce demand from Asia or the export of perishable goods to Asia. With growing import and export growth rates in the region, terminal infrastructure becomes increasingly important”.

The Chile-based company will retain its tugboat and airport logistics businesses.

 

Other News

Nicaragua Cancels Controversial Plan For Canal

Nicaragua Cancels Controversial Plan For Canal

Nicaragua Cancels Controversial Plan For Canal   Nicaragua has cancelled a controversial ten-year old plan to build a canal that would have linked the Atlantic and Pacific oceans. The plan was initially approved in 2014, when a concession was granted for a...

read more
Peru In Dispute Over Port Being Built By China

Peru In Dispute Over Port Being Built By China

Peru In Dispute Over Port Being Built By China   The government of Peru appears to be back-tracking on an agreement concerning the management of the under-construction deepwater port of Chancay, near its capital Lima. The “mega port” is currently being built by...

read more
Latin American News Roundup April

Latin American News Roundup April

  Latin American News Roundup April   As specialist logistics service providers to and from the region, Envío has summarised a few recent items of Latin American news from this month.   Argentina - Demonstrations Against Education Spending Cuts Argentina has...

read more
The Tide Is Turning For The Panama Canal

The Tide Is Turning For The Panama Canal

  The Tide Is Turning For The Panama Canal   The tide has turned for the Panama Canal during recent weeks and following a debilitating year of drought-induced cuts to daily transit allowances, operations are seemingly heading back towards a level of...

read more

Follow us on social media

Get A Quote

In need of confirmed pricing? Use our online form to receive a quote back quickly.

LCL Services

Find out more about our global LCL services. 

FCL Services

Find out more about our global FCL services.