ICTSI’s Argentina subsidiary opens logistics link with Brazil

    2446

    International Container Terminal Services Inc. (ICTSI) said it has started servicing a cargo line that links its Argentinian operation, TecPlata in Port of La Plata, with Paraguay, Brazil.

    The service, which made its first stopover in TecPlata on March 9, is jointly operated by Independencia Shipping Lines (ISL) and Log-In Logistica Intermodal using regular maritime services that currently operate in the region, ICTSI said.

    “The ISL-owned ship Independiente arrived from the Asunción Port in Paraguay, carrying cargo for trans-shipment to Brazil via the Log-In vessel Jacaranda, which left TecPlata on the same day. This particular logistics link offers customers an unbeatable transit time in addition to very competitive costs, while establishing TecPlata’s important role as a logistics hub for Argentina and the Mercosur region,” ICTSI said.

    “The operational efficiency of our terminal allows the barges to operate without delays that they usually suffer in other ports, generating significant advantages for customers,” said Bruno Porchietto, TecPlata chief executive officer.

    ISL, a river cargo transport company that links the ports of Uruguay, Argentina, and Paraguay, operates the Asuncion – La Plata – Asuncion section of the service using three of its own vessels, which have a combined capacity of 510 TEUs.

    Brazilian cabotage navigation company LogIn, on the other hand, covers the Brazil – La Plata – Brazil section, and has been making fortnightly calls at TecPlata since April 2019.

    Through the service, TecPlata aims to capture a significant volume of trade bound for Paraguay which, in many cases, are moved by land, ICTSI said.

    ICTSI early this month said it expects to spend $250 million in capital expenditures this year, to be spent in further expanding the company’s port terminal operations around the globe. — Ruelle Albert D. Castro