SAAM posts higher profits

San Antonio Terminal Internacional (STI) has inaugurated two new Super Post Panamax ship-to-shore cranes, positioning it at the forefront of the Chilean domestic and Latin American markets

SAAM’s STI San Antonio Terminal Internacional receives new cranes from China, and will scrap two 25-year old cranes; SAAM’s FIT in Port Everglades is fit for purpose for CMA CGM

The parties have agreed upon a price of around US$1B for 100% of SAAM Ports and SAAM Logistics as well as real estate assets related to the logistics business. The agreement will provide SAAM with significant resources to focus on the development and expansion of its Towage and Air Cargo Logistics businesses

SAAM Group’s Ecuadorian affiliate has received a new STS crane from ZPMC, which it believes is the biggest along the entire WCSA

Along with strong performances across all divisions, the company continues to reinforce its current operations with acquisitions in strategic markets

SAAM Towage reported that it has signed an agreement with Ian Taylor to acquire the company’s towage operations in Peru, which currently provides services with four tugs at the ports of Callao and Paita