International Container Terminal Services Inc.’s (ICTSI) subsidiary in Argentina is teaming up with a port administrative entity to introduce a new feeder service to connect the Port of Santa Fe to Brazil and Asia.
Through its partnership with the Sta. Fe Port Administrative Entity, TecPlata—the Argentine subsidiary of ICTSI—will be able to establish the twice-per-month feeder service that uses 500 twenty-foot equivalent unit (TEU) barges.
Newport Management operates the barges.
“We are very eager for this project to begin. The opportunity to reactivate the Port of Santa Fe, and that we are part of it, is very important because we are going to start this new logistics circuit that will connect the export cargo of the province with Brazil through a transfer in TecPlata,” TecPlata CEO Bruno Porchietto said.
With this service, he said export cargo from the Container and General Cargo Terminal at the Port of Santa Fe will be transported by barge to TecPlata from where it will connect to log-in existing regional shipping network to Brazil.
Cargo destined for Asia will then be transshipped from the Port of Santos in São Paulo through the service operated by Evergreen.
The partnership is expected to benefit stakeholders and operators through reduced exporting costs, efficiencies, and favorable tariffs of TecPlata.
TecPlata has a 30-year concession in Buenos Aires. It has invested roughly $450 million to build a modern terminal that has an initial capacity of 450,000 TEUs and has options for expansion of up to 1 million TEUs.