ICTSI’s TecPlata terminal achieves 10-metre depth, targets 14m next
NewsICTSI’s TecPlata terminal has dredged its marine channels to a depth of 10 metres, with plans to deepen them further to 14 metres.
The collapse of Latin America’s fourth largest economy, Venezuela, has had a dramatic impact on container ports in neighbouring Colombia, Trinidad and the Dutch Antilles
Despite container operators nearby posting strong increases in volumes during a two-month strike in Venezuela last December and January, the real impact of the ongoing economic difficulties being felt in the oil-rich country are only now beginning to emerge. Venezuela’s GDP is set to shrink by between 12 and 18 percent this year, depending on whose figures you believe, as the country’s purchasing power has been restricted by currency controls.
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This complete item is approximately 1450 words in length, and appeared in the September 2003 issue of WorldCargo News, on page 34. To access this issue download the PDF here.
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