Investments

Wednesday, October 9th 2024 - 08:46 UTC
Uruguay: Montevideo-Salto route by a foreign carrier started

Paraguayan carrier Paranair Tuesday performed the maiden flight between the Uruguayan cities of Montevideo and Salto, thus marking the beginning of a new era in commercial aviation with foreign operators serving domestic routes.
Saturday, October 5th 2024 - 10:46 UTC
Falklands: Defense contract for runway repairs at Mount Pleasant Complex

The Defense Infrastructure Organization (DIO) has awarded a contract to Mitie to carry out runway repairs at Mount Pleasant Complex, the RAF airfield in the Falkland Islands. The work will be undertaken by Dyer and Butler, who also completed the resurfacing of the site’s Alpha Loop taxiway earlier this year.
Saturday, October 5th 2024 - 10:00 UTC
Luxury hotel in Puerto Williams to enhance Antarctic travel

Cruise industry giants Silversea announced this week its plans to build a luxury hotel in the Chilean town of Puerto Williams to revolutionize Antarctic tourism. The 150-room complex “will allow us to offer an unparalleled Antarctic expedition that further enhances our world-class vacation portfolio,” Royal Caribbean Group CEO Jason Liberty said.
Thursday, October 3rd 2024 - 10:27 UTC
Peru's Air Force contemplating ambitious purchase program

Peruvian authorities will move on with the project to purchase 24 new fighter jets for the South American country's Air Force (FAP), Defense Minister Walter Enrique Astudillo Chávez confirmed.
Thursday, October 3rd 2024 - 09:45 UTC
Falklands fishing group Fortuna incorporates state of the art trawler-freezer

The Falklands Petrel Fishing Company Ltd., belonging to Fortuna Group and Galician associate Pescapuerta Group officially received Monday afternoon at the Nodosa shipyard in Marin, Spain, state of the art trawler-freezer F/V Prion, considered among the best ever built in Spain and which will begin operations in the next squid season 2025 in Falklands waters.
Monday, September 23rd 2024 - 13:47 UTC
French shipping giants to buy over Brazilian port of Santos' container terminal

Brazil's Opportunity investment group reached an understanding with French giants CMA CGM for the sale of its stake in the Brazilian Port Terminal of Santos (STBP3), it was announced late Sunday.
Monday, September 23rd 2024 - 08:57 UTC
JetSmart discontinuing Buenos Aires-Montevideo route

Chilean budget carrier JetSmart announced it would be lifting the Buenos Aires-Montevideo effective Oct. 1 route after finding it unprofitable, particularly when no subsidy was obtained from the Uruguayan government. The service had been operational for only four months.
Monday, September 23rd 2024 - 08:55 UTC
LNG project to go on with or without Petronas, YPF CEO says

Argentina's State-run oil company YPF CEO Horacio Marín admitted that the highly-announced US$ 30 billion joint Liquefied Natural Gas (LNG) venture with Malaysia's Petronas in Patagonia would go ahead despite the Asian partner's alleged intention to withdraw from it.
Saturday, September 21st 2024 - 10:31 UTC
Buenos Aires holds talks with Gol regarding Aerolineas Argentinas' future

Argentina's Cabinet Chief Guillermo Francos and Economy Minister Luis Toto Caputo met Friday with representatives from the Brazilian airline Gol to discuss the possible handover of Aerolíneas Argentinas operations amid threats of additional strikes by pilots and cabin crewmembers. Earlier this month, some 37,000 travelers were affected by the protests seeking wage increases to cope with inflation.
Thursday, September 19th 2024 - 07:56 UTC
Harland & Wolff shipbuilders will initiate administration proceedings

Loss making Belfast shipbuilder Harland & Wolff, the firm that among other great vessels built the Titanic, has declared itself insolvent after failing to secure funding to continue trading, and will be initiating administration proceedings.