NOVA MEDIA PUBLISHING INC.

Positive Results for the Ports of Guayaquil

29.6.2018

2017 was a good year for the three main private ports of Guayaquil overall, but spectacular for TPG (Inarpi, Saam group of Chile): it grew a little more than 179% (containers) and is now the second most important in the city.

Meanwhile, the most important Port Authority concessionaire (APG), Contecon, suffered a slip and last year lost the French CMG-CGM based in Marseille.

TPG-Guayaquil Port Terminal-went from 210,000 to more than 588,000 TEUS, or 20-foot containers, between 2016 and 2017, according to the latest Port Statistics Bulletin prepared by the Ports Sub-secretariat and accessed by Diario EXPRESO.

The most important lines the port attracted are CMA-CGM and Hapag Lloyd. And more recently it also got Ocean Network Express (ONE), born after the merger of the Japanese K Line, MOL and NYK.

Contecon, which has the concession of the container docks of the Simón Bolívar State Port saw how the cargo was diverted. The filial company of Filipino company Ictsi lost 31.26% of its cargo at the end of last year 394,719 TEUs. An important volume for a business that has enjoyed annual profits of over US$25 million in previous years.

Contecon still operates Maersk and MSC services.

However, TPG was not the only operator that grew. The private Bananapuerto, of the multinational Dole, and Fertisa of the Wong Group also grew.

Bananapuerto handled about 37,000 more containers, which in volume equals a growth of 381,430 metric tons. In total it reached 299,390 TEUs. And this year will not stay still, after an announced investment, at the end of last year, of US$22 million to expand its dock front.

Fertisa, of the Wong Group, the second banana exporter of Ecuador, moved 70.67% more cargo, not only bananas, and it got a volume higher than 1.7 million tons, more than the volume of business of Puerto Bolívar (El Bolivar- El Oro), of Manta (Manabí) or Esmeraldas and overcoming the barrier of 116,000 TEUS. It expects to invest US$20 million between 2018 and 2022. And it still maintains services with Seaboard Marine and Cosco Shipping.

Banana is fundamental in the port and shipping business of Guayaquil and Puerto Bolívar, being the most important export cargo.

The sector is also expected to grow this year. The administrator of the Association and Commercialization of Banana (Acorbanec), Richard Salazar, estimates that 331 million boxes of 43 pounds will be sold compared to the 326 million boxes sold in 2017.

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