Investments

Wednesday, September 27th 2023 - 08:55 UTC
New container line linking EU main ports with Brazil, Uruguay and Argentina

ONE (Ocean Network Express) and Cosco Shipping are starting the new LUX container service. This route connects Europe and the Mediterranean with the east coast of South America with weekly stopovers.
Tuesday, September 26th 2023 - 09:04 UTC
The 2023/24 cruise season officially takes off in Ushuaia with high expectations

With the arrival of the Magellan Explorer, Ushuaia officially announced the beginning of the 2023/2024 cruise season which is expected to attract 548 vessel calls and some 195,000 visitors to the most southern port of Argentina in Tierra del Fuego province.
Tuesday, September 26th 2023 - 08:55 UTC
EC blocks Booking from acquiring eTravel “to protect consumers and ensure competition”

The European Commission blocked US travel giant Booking from acquiring its Swedish rival eTraveli on Monday. Booking commands a 60% market share for online travel agencies in Europe, the Commission said. Meanwhile, eTraveli operates several websites to compare airfares like Gotogate and MyTrip.
Tuesday, September 26th 2023 - 08:16 UTC
Argentine armed forces out to get new helicopters

Argentina's Defense Minister Jorge Taiana was reported Monday to have signed a letter of intent with Italian aircraft manufacturer Leonardo for the acquisition of eight AW 109 helicopters for surveillance operations in the South Atlantic and thus strengthen the Navy's patrolling capabilities in the Exclusive Economic Zone (EEZ).
Monday, September 25th 2023 - 09:55 UTC
Uruguay's Ancap awards all offshore exploration licenses open for bids

Uruguay's state-run oil company Ancap has awarded all seven offshore oil and gas exploration licenses open for bids to four foreign companies: YPF (Argentina), APA Corp (United States), and Shell and Challenger Energy Group (CEG) (United Kingdom), it was reported in Montevideo.
Wednesday, September 20th 2023 - 09:28 UTC
Argos transferring its North Falkland Basin production license to JHI Associates

Argos Resources Falklands said on Tuesday that the government of the Falkland Islands has agreed to the transfer of Argos's PL001 production license interests in the North Falkland Basin to JHI Associates based in Toronto, Canada.
Wednesday, September 20th 2023 - 09:00 UTC
French Total planning to drill for gas off shore Tierra del Fuego

France's Total Vice-president said the company will start drilling at the Fenix field off the southern Argentine province of Tierra del Fuego in March 2024 and expects to start production the following November.
Friday, September 15th 2023 - 10:34 UTC
HMS Bristol: Falklands War destroyer up for sale

The British Defence Equipment Sales Authority (DESA) said four decommissioned Royal Navy units, including the unique HMS Bristol, have been put up for sale. The Bristol belonged to Task Group 317.8 during the 1982 Falklands/Malvinas War. The three other vessels on sale are the frigates HMS Monmouth and HMS Montrose, and the minehunter HMS Walney.
Friday, September 8th 2023 - 10:30 UTC
Gibraltar announces plans for a new cruise liner terminal

Gibraltar has plans to build a new cruise terminal, Minister for Tourism, Vijay Daryanani made the announcement. The new state of the art facility will replace the current one, comprising of two floors and a roof top. Sustainability aspects are also being worked on.
Saturday, September 2nd 2023 - 10:05 UTC
Uruguayan exports suffer 17% YoY drop

According to a study by consultants Uruguay XXI released Friday in Montevideo, exports from the South American country -duty-free zones included- totaled US$ 1.027 billion in August, which represented a 17% year-on-year drop.