1. April-June 2013
Year 5, No. 2
4th Annual Event of Latinports in
Cancun
Controversial Presidential
Sanction of the Reform to the Law
of Ports in Brazil
Principal Containers Ports in Latin
America
More... More... More...
RICHARD KLIEN:
LATINPORT’S CHAIRMAN 2009-2013

2. CONTENTSC
April
June
2013
Editorial
Cover
Richard Klien: Outgoing
Chairman 2009-2013 and
Principal Promoter of
Latinports
Design
Julian Pineda
www.miroamarillo.com
studio@miroamarillo.com
- Controversial Presidential Sanction of the
Reform to the Law of Ports in Brazil
ANALYSIS
- The Principal Containers Ports in LatinAmerica in
2012
- LatinAmerica must have a Long-term Vision to
Position Itself as the Region of the Future
- Chile and Panama Consolidate as LatinAmerican
Leaders in Competitiveness
LOGISTICS, COMPETITIVENESSAND PORTS IN
LATINAMERICA
4THANNUAL EVENT OF LATINPORTS
- Infrastructure and Development
CHAIRMANAND EXECUTIVE DIRECTION OF
LATINPORTS
- Outgoing Chairman and Executive Director Meet
in Rio de Janeiro
- Executive Director Meets with General Director of
Antaq in Brasilia
- Executive Director Visits Liebherr and e-Tech
Simulation Plants in Miami
- “LatinAmerica is in a Unique Moment”: Joe Biden,
Vice-president of the United States
- “LatinAmerica enters a ‘GoldenAge’: Xi Jinping,
President of China
- China Would Replace the EU in 2015 as Second
Investor in LatinAmerica
LATINAMERICAAND THE WORLD:
MACROECONOMIC SITUATION
OF THE REGION

3. April - June 2013
CONTENTS
LATINAMERICAN PORT NEWS
Mail
WATERWAYS IN LATINAMERICA
- The Government of Brazil Studies Strengthening the
Mode of Waterways by Freeing It
- In its Final Stage Tender to Deepen Upstream Waters
of the Magdalena River in Colombia
- Compañía SurAmericana de Vapores Foresees a
“Complex Scenario” for the Shipping Industry
- Hapag-Lloyd and Hamburg Süd Stop Merger
Conversations
- MSC Negotiates 35% of its Terminal Division for
US$2 Billions
MARITIME TRANSPORTATIONAND PORTS
- Brazilian RobertoAzevedo: Next Director of the
World Trade Organization
- Mexico and United States Committed to Create the
Most Competitive Region of the World
- BRICS Committed to Implement the Bank of
Development
- The PacificAlliance Constituted as the Main
Commercial Block of the Region
- OECD Invites Colombia to Negotiate itsAccession
to the Group
LATINAMERICAAND INTERNATIONAL TRADE
AGREEMENTS
UPCOMING EVENTS
- TOC CSCAméricas 2013

4. April - June 2013
Editorial
In a demonstration of Latin American integration we developed with the greatest
success our fourth annual event in Cancun, Mexico, jointly with the Association
of Terminals and Port Operators of Mexico and the Mexican Association of Port
Engineering, to which from this space we send our warmest appreciation. The
message of the President of the Republic, Enrique Peña Nieto, transmitted by the
General Coordinator of Ports and Merchant Marine, Guillermo Ruiz de Teresa,
stating “it is the interest of the Mexican government to work very closely, both
internally as externally, with the associations organizing the event”. This event,
with the motto of Infrastructure and Development, served to demonstrate that
although a lot has been done in the first 20 years of the port reforms in Latin
America, there is still much to be done. Under this focus important conclusions
were reached reflected in the Declaration of Cancun. Full text of the declaration
appears on inside pages.
The event of Cancun concurred with the fulfillment of a crucial cycle in
Latinports, under the leadership of its outgoing Chairman, Richard Klien from
Brazil, during which time the association has consolidated as the spokesman of
the Latin American port sector, and with this commitment has promoted the
benefits of the “winning model: public ports and private operation”, as was so
rightly defined by him. A new cycle is now starting, that of “the modification of
laws to adapt them to the current situation of the industry and the public-private
associations”, as described by the incoming Chairman, Arturo López, who as
one of the most important Latin American port entrepreneurs, is a guarantee of
continuity and projection. In good time the outgoing and incoming chairman
have committed to work very closely to strengthen the association.
In this issue we make special emphasis on the excellent time now lived in
Latin America, which we must exploit. It is with great pride we listen from the
representatives of the two main economies of the world phrases such as “Latin
America is in a Unique Moment” (Joe Biden, Vice-president of the United States)
and “Latin America enters a Golden Age” (Xi Jinping, president of China). And
even more, a representative of the region, the Brazilian Roberto Azevedo, was
appointed as president of the World Trade Organization. We must then rapidly
prepare to be in agreement with the circumstances and profit the most of this,
as urged by the International Monetary Fund, “Latin America must profit of the
bonanza as it will not last forever”. This is a huge challenge.
Until the next!
Julian Palacio,
Executive Director
of Latinports

5. April - June 2013
4TH ANNUAL EVENT OF LATINPORTS IN CANCUN
INFRAESTRUCTURE AND DEVELOPMENT
Guillermo Ruiz de Teresa, General Coordinator of Ports and Merchant Marine of Mexico
Opened by the General Coordinator of Ports and
Merchant Marine of Mexico, Guillermo Ruiz de
Teresa, the event jointly held by the Association of
Terminals and Port Operators and the Mexican
Association of Port Engineering was attended by
more than 200 persons of Mexico and different
countries of the region. The General Coordinator
highlighted the message of the President of the
Republic, Enrique Peña Nieto, showing the interest
of the Mexican government of working very closely
with Latinports.
The event revolved under the premise that during
the 20 years of port reforms in Latin America
“much has been done but also there is much yet
to be done”, as rightly stated by Francisco Kassian,
president for Mexico of the multinational port
operation SAAM. On the other hand, the Executive
Director of Latinports, Julián Palacio, during the
opening session, stated:
“It is not only a formal issue the participation in
this table of the General Coordinator of Ports,
the presidents of two of the most important port
associations of Mexico, and the Latin American
Association of Ports and Terminals I represent. It
is the demonstration that joint work of the public
and private sectors, and the integration of the Latin
American sector that although pursuing the same
objectives of the ports of the world, have very
particular characteristics.
“Some years ago in Cartagena, the minister of
development of the former Spanish government
said that ‘a port is of little use without a good
internal transportation infrastructure’. Nothing
could be truer. Consequences of a deficient internal

6. April - June 2013
DECLARATION OF CANCUN
May 17, 2013
Conclusions of this meeting may be summarized
in the sentence “much has been done in the region
during the first 20 years of port reforms, but there
is also much yet to be done”. Regarding specific
activities, worth mentioning are the following:
World Market and Port Development:
The Pacific doubles the Atlantic in growth, and for
this reason, and without neglecting the ports located
on this ocean, works must be considerably done for
the adequacy of the Pacific ports.
Multimodalism and Logistics:
Ports alone are not the only solution for foreign
trade competitiveness; this is the line in which
Latin American countries are well behind. For this
reason Multimodalism and Logistics should work
thoroughly and this must be the set point in the
short-term, having in mind that logistic development
brings forth economic development.
Transportation Infrastructure:
Although significant progress is noted, greater
emphasis must be given to the different road
transportation modes in order to reduce costs and
increase efficiency, basically regarding homogeneous
cargo volumes and long distances.
transportation infrastructure, an endemic problem of
our countries, brings us to what I call ‘the frustration
of the port manager’, as an excellent company with
an excellent manager may make a port or terminal
the best of the world, but internal transportation
deficiency does not make of this the benefit the
countries need for its foreign trade competitiveness.
Our competitiveness worldwide is way far from what
our potential requires.
“Thus, I agree with the new General Coordinator of
Ports, Mr. Guillermo Ruiz de Teresa, with whom I
had the honor to speak a few days after he entered
office, on the matter that his management would be
based on port productivity and connectivity. Also,
Latinports bases its existence in what its slogan states:
‘Government and Private Sector Working Together
for Port Logistics Development within the Region’.
“I want to hereby refer to the great moment now
being lived by Latin American economies, and
particularly by that of Mexico. Increasingly more the
eyes of the world are focused on our region for as
stated by the Minister of Transportation of Chile at
our event last year in Viña del Mar: ‘I am very proud
that while the world is undergoing a very serious
crisis, Latin America is not only supporting it but
continues to grow’.
“Therefore we must be prepared for what comes
next. This is the best time of Latin America and we
must benefit of it. Multimodality and Logistics must
be the motto”.
Conferences of the Latinports module you can refer
to them in the link events from our website
www.latinports.org

7. April - June 2013
Arturo López Takes Office as Chairman of Latinports
Areas of Logistics Activities:
To improve competitiveness of the countries, the
areas of interior logistics activities or dry ports, these
should be an important complement of ports and
connectivity.
Public-Private Relationships:
Public and private sectors understand ever more the
importance of working together towards a common
purpose, and worth noting are the expressions of
President Enrique Peña Nieto through the General
Coordinator of Ports and Merchant Marine, in the
sense of the interest of the Mexican government
to work closely, both in the internal and external
fields, with the Association of Terminals and Port
Operators, the Mexican Association of Maritime,
Coast and Port Infrastructure, and the Association
of Latin American Ports and Terminals, the entities
that organized the event held in Cancun.
Situation in Particular:
Mexican economic growth is outstanding worldwide,
as well as the positioning of its principal ports that
according to ECLAC has the same level of efficiency
as the best ports of the world.
The General Coordinator of Ports and Merchant Marine of Mexico, Guillermo Ruiz de Teresa (in the middle of the main table),
takes the oath to Arturo López of Mexico as new Chairman of Latinports,
who is accompanied by the executive director of the association, Julián Palacio

8. April - June 2013
CONTROVERSIAL PRESIDENTIARY SANCTION OF THE
REFORM TO THE LAW OF PORTS IN BRAZIL
The President of Brazil, Dilma Rousseff,
enacted the law of ports the beginning of
June to facilitate unblocking investments for
almost 13 billion dollars in tenders foreseen
for this year, informed Mundo Marítimo that
received the news from Reuters, although ten
articles of the document approved by Congress
were vetoed, largely contrary in great part to
the entrepreneurial lobbies put forth along
the procedures of MP 595. “We made vetoes
to assure the main objective of the measure,
the opening and competitiveness of the port
system and also to eliminate any legal insecurity
regarding text interpretation”, said the cabinet
chief minister, Gleisi Hoffmann, when she
commented the decision made by the president.
According to the minister, approval of the law
created conditions for the government to take
measures in several sectors, including the tender
for 52 areas of the ports of Santos, the principal
of Brazil, and in the state of Pará. Until January
2014, the Government wants to implement
the tender for the last block of port leasing,
including another 107 port areas in the south,
the southeast and the northeast of the country.
Below are the principal points vetoed that have
been controversial:
- Creation of the industry terminal category;
- Prohibiting sea navigation companies to
operate terminals;
- Mandatory use of OGMO (Managing Body
for Labor, in Spanish) to contract integrated
workers;
- Extension of concessions at dry docks;
- Requirement that concession contracts have a
maximum term of 50 years;
- Surveillance of ports only in charge of the
guard of ports;
- Article requiring professional qualification of
independent port workers;
- Elements in charge of renewal of leasing
contracts entered into prior to 1993;
- Elements allowing the extension of leasing
entered into after 1993.
Meanwhile, Nuestro Mar Foundation, quoting Valor
and Portos e Navíos, explained that by means of
the vetoes the government closed the doors to
an automatic extension of any type of leasing
contract for public ports, including at least 54
terminals leased prior to 1993. In said year
entered in force the last regulatory framework
of the sector, derogated by MP 595. Operators
of these facilities were in general looking for a
ten-year renewal of the contracts. The heads of
containers terminals tendered after 1993 also lost
the extension guarantee of their contracts that
expire just in the next decade. Vetoes open the
way to lease 159 areas at public ports that will be
divided in four lots. The first round of tenders,
including 52 terminals located in Santos and
Pará, must be specified in October. The other
tenders will be launched prior to January 2014,
as stated yesterday by the Minister of the Civil
House, Gleisi Hoffmann.
The government also raised its investment
estimates in private ports. In December, the
Secretary’s Office of Ports spoke of projects for
the amount of R$21 billions until 2017. Now,
forecasts refer to investments of R$ 25 billion,

9. April - June 2013
according to the Minister. “These are preliminary
numbers”, stated the minister, recalling that part
of the projects of private terminals with requests
submitted to the National Water Transportation
Agency (Antaq) do not have precise data.
With the new law the difference between own
cargo and third-party cargo is terminated, thus
facilitating the construction of private ports.
President Rousseff vetoed, in the meantime,
the figure of “industrial terminal” – a case
whose leader is the entrepreneur Jorge Gerdau.
Large companies such as Vale and the same
Gerdau, using port facilities as the last point of
their productive chains, would like having the
possibility of building new terminals without a
process of selection that involves public calls.
“Returning to the restriction on type of cargo
to be moved at each port terminal becomes an
obstacle to an ample opening of the sector and
to the increase of competition, basic objectives
of the MP”, as was justified by the Ministry of
the Treasury, the Ministry of Planning and the
Secretary’s Office of Ports, when explaining the
veto.
Minister Hoffmann explained that the regulation
of the new law will be done in two parts. The
first, the government will present details of
the selection process for the construction of
private ports. Afterwards, specific matters of
port workers will be regulated. “All agreements
entered into with the National Congress,
either with workers, or within the scope of
a mixed commission, were complied with”,
stated the Minister. Among the vetoes related
to labor matters, there is one determining that
supervision and security of public ports will be
exclusively executed by the ports guard.
Besides, to prevent that the logic of Manpower
Management Bodies (Ogmos, in Spanish) were
mandatorily adopted by private terminals, the
president vetoed part of the law that established
that independent workers could only exercise
their activities if registered in the list of ports,
managed by Ogmos.
In order to justify these vetoes, the government
alleges that changes would violate the agreement
negotiated between the Executive Power, the
National Congress and the entities representing
port workers. Legislators quickly reacted. “We
will vote the vetoes. The President has the
right to veto and us to evaluate the vetoes.
During the meeting of chiefs of the bench of
representatives it was already discussed to have
a meeting with the President of the Senate
to consider the proposal for the evaluation
of vetoes”, stated the leader of the PMDB,
Eduardo Cunha (RJ), who was one of the
principal negotiators of the text during the
proceedings for the provisional measure (MP,
in Spanish). For Cunha, the evaluation of the
vetoes is a “self-affirmation of Congress”, and
an indication that the Government “must have
more responsibility”. “They (the Government)
have to be more responsible with the contents
of approved matters. They have to understand
that when votes are cast, in case of veto, it
must be evaluated”. Cunha also refuted the
declarations of Minister Gleisi Hoffmann and
stated that the government vetoed parts of the
Provisional Measure (MP) where the agreement
had been reached: “The agreement with me was
obviously not complied with”. An amendment
of its authorship – that included the possibility
of renewing contracts prior to 1993 – was
vetoed.

10. April - June 2013
CHAIRMANAND EXECUTIVE
DIRECTION OF LATINPORTS
Richard Klien, Chairman, and Julian Palacio,
Executive Director
Former Minister Pedro Brito, General Director of Antaq
Last April met in Rio de Janeiro the outgoing
Chairman of Latinports, Richard Klien, and the
Executive Director, Julián Palacio, to make an
evaluation of the first four years of the association
and plan its future.
Also in April, the Executive Director of Latinports
met with the former Minister of Ports of Brazil
and current General Director of the National
Sea Transportation Agency, Pedro Brito, with the
purpose of strengthening relationships between the
two entities.
Executive Director Visits Plants of its Affiliates
Liebherr and E-Tech Simulation in Miami
Upon a kind invitation of Liebherr Nenzing of
Austria, the Executive Director of Latinports, Julián
Palacio, visited Miami to get acquainted with the last
technological advances of its port equipment. He
took the opportunity to visit E-Tech Simulation,
complementary company dedicated to manufacture
training simulators to handle this type of equipment.
Below is a review of these important visits:
Under the motto “Meet Diversity and Innovation”
Liebherr celebrated on June 11, 2013 the grand
opening of its new sales and service center in
Miami. The ceremony was attended by more than
300 invited customers and guests.
Outgoing Chairman and Executive Director
Meet in Rio de Janeiro
Executive Director Meets with the General
Director of ANTAQ in Brasilia
New Sales and Services Center of Liebherr

11. April - June 2013
Leopold Berthold, Managing Director of Maritime Division of
Liebherr, with Executive Director of Latinports, Julian Palacio
In terms of logistics, the sales and service center
is ideally located: the port of Miami and Miami
International Airport are in close proximity to
the new site. This allows Liebherr to respond to
customer enquiries within a short time and to
accelerate the distribution of parts and services.
In 2013 about 52 staff members will be working
in this new facility. The new sales and service
center could be completed only 15 months after
groundbreaking. The total investment sum for
the building was approximately $20 million. “The
new facility perfectly meets the requirements to
furtherimproveoursalesandserviceperformance
in both North and Latin America”, emphasized
Gernot Schranz, president of Liebherr Nenzing
Crane Co.
Another important point that favored the
constructionof newfacilitiesinMiamiisLiebherr’s
continuous success in Latin America. In 2011 and
2012 alone, more than 30 Liebherr Mobile Harbor
Cranes have been delivered. In 2013, customers
in Latin America have already ordered six LHMs
to boost their port operation capabilities.
Lázaro Cárdenas Multipurpose Terminal S.A. de
C.V. has ordered two LHM 600s. The Hutchison
Port Holdings affiliate is located on Mexico’s
Pacific coast. Each crane is equipped with a
104t winch and will mainly be used in handling
containers and bulk cargo. Another LHM 600 has
start operation in Mexico. Terminal Internacional
de Manzanillo S.A. de C.V. (TIMSA) opted for
Liebherr’s strongest mobile harbor crane. TIMSA
is a multipurpose terminal. Montecon S.A. started
operation at the Port of Montevideo in 2000.
Since then, their Liebherr mobile harbor crane
fleet has steadily grown. In 2013, Montecon S.A.
will receive two mighty LHM 600s.
The 2013 year looks to be the most successful year
in history regarding LHM deliveries to Mexico
thanks in part to the order of three LHM 600
cranes. Generally, Liebherr is optimistic that 2013
is going to be another very strong year in Latin
America.
The new sales and service center also focuses
on training. Equipped with the LiSIM®
training
simulator, professional crane driver training is
available in Miami. Based on state-of-the-art
technology, simulator-based training allows for
increased productivity and safety while training
costs are minimized. The installation of original
Liebherr drive systems, software and hardware
guaranteesarealistictrainingexperience.Thedrive
systems reproduce all crane movements exactly
both in space and in real-time. The sophisticated
LiSIM®
environmental and physics engine allows
for an unprecedented level of detail and realism.
The new sales and service center also focuses
on training. Equipped with the LiSIM®
training
simulator, professional crane driver training is
available in Miami. Based on state-of-the-art
technology, simulator-based training allows for
increased productivity and safety while training
costs are minimized. The installation of original
Liebherr drive systems, software and hardware
guaranteesarealistictrainingexperience.Thedrive
systems reproduce all crane movements exactly
both in space and in real-time. The sophisticated

12. April - June 2013
Operation Simulators Equipment
The story began several years ago when e-Tech
Simulation, a USA company with offices in 13
countries, launched some of the most advanced
and cost effective simulators in the market.
Starting with port equipment simulators and
then expanding to provide simulators to several
industries such as construction, transportation,
LiSIM®
environmental and physics engine allows
for an unprecedented level of detail and realism.
A major benefit of simulator training is the ability
to simulate harsh environmental conditions when
required. This allows both experienced operators
and trainees to gain valuable experience operating
underchallengingconditions.Thankstothevirtual
environment, damage to maritime equipment
and injuries to personnel are eliminated. The
resulting increase in operator skills allows for
safe and productive crane operation under similar
conditions in the real world
For more information, visit www.liebherr.com
mining, oil and gas among others, e-Tech has
quickly become the preferred one-stop simulation
solutions supplier in the Americas.
Havingdevelopedapyramid-shiftconcept,e-Tech
not only designs and produces the most advanced
simulators but it also provides turnkey solutions
the company calls DIESeL (Dynamic Instructional
and Educational Simulation e-Lab). “Based on our
clients’ needs, each DIESeL solution is designed for
areas and spaces that reflect the required circulation
flowtoreachtrainingobjectives;furthermore,match
methodology and curricula developed specially
for the client” Says Jairo Leiva, the company’s
President. A DIESeL solution was precisely what
e-Tech installed in Panama, the largest logistic hub
in Latin America.
Inaugurated in April 2012, the port operator
simulation center is located on Panama’s Pacific
area and it’s managed by INADEH, the country’s
main technical training institution that trains over
63 thousand students every year. With four STS,
three RTG, one Mobile Harbor Crane, one Reach
Stacker, and three Forklifts simulators, the 10,000
square foot center includes auditorium, library,
cafeteria, office spaces and it became the largest
simulation center in the Americas.
But e-Tech’s success does not end there; the
company has developed other DIESeL solutions
and provided simulators to several customers
distributed in many countries. Among them there
are the Port of Santos in Brazil, which it is serviced
through the company’s strategic partner in Brazil,
INCATEP. This highly referenced professional
center has trained and certified more than 15,000
students using e-Tech’s simulators.
Other e-Tech port related customers includes
but are not limited to CONTECON in Ecuador,
TECPLATA in Argentina, CONTECON in

13. April - June 2013
Mexico, World Shipping School in Brazil,
TRP in Argentina, TC BUEN in Colombia,
Bolipuertos in Venezuela, and Three National
Apprenticeship Service (SENA in Spanish)
Regionals in Colombia serving the ports of
Buenaventura, Cartagena, and Barranquilla.
The company has many other simulation solutions
inotherindustries. Customersinterestedine-Tech
products could visit the various showrooms of
West Palm Beach (Headquarters), Colombia,
Ecuador, Venezuela, Brazil and Peru.
For more information, visit
www.etechsimulation.com

14. April - June 2013
moved 261 billion dollars, is “a fraction” of the
834 billion dollars reached with the exchange
of Latin America and the United States that
same year. He also considered that the new
relationship between China and Latin America
may be beneficial for the region. “The economic
bonds of Latin America with China may have
a positive role in the construction of a more
prosperous and globalized society”, he pointed
out.
In the particular case of Brazil, Biden said that
the interests go beyond the commercial and
economic bonds that the United States wishes to
tighten even more. “Brazil is today an influential
member of many multilateral institutions and
we want to work with them and with the leaders
of our hemisphere that are assuming greater
global responsibilities”, he stated. Regarding
commercial exchange that last year amounted
to almost 60 billion dollars, Biden declared
that the United States expects to give it greater
depth and quality by increasing the acquisition
of manufactured Brazilian products, which
currently represent almost two thirds of bilateral
trade.
“Latin America lives a unique moment and has
a reliable partner in the United States”, affirmed
the vice-president of the North American
country, Joe Biden. According to CNN
Expansion, the democrat valued the programs
fighting poverty in many Latin American
countries and highlighted that the region has
adopted “economic promotion policies” that
have contributed to the “recovery of global
economy”.
In an interview published by the Brazilian
magazine Veja, Biden stated that “in the last 15
years, 56 million Latin American and Caribbean
families have joined the middle class, which
now has 275 million persons”, and added that
“All this has reinforced the relevance of the
region worldwide”. Biden denied that the United
States is in decadence and rejected that the
strong penetration of China in Latin American
countries responds to a U.S. omission. “The
commercial and investment relationship of
China with Latin America and the Caribbean
reflects the emerging global importance of the
region”, he assured. He further pointed out that
the trade of the region with China, that in 2012
“LATINAMERICAINAUNIQUE MOMENT”:
JOE BIDEN, VICE-PRESIDENT OF THE UNITED STATES

15. April - June 2013
Latin Business Chronicle with Information from La
Prensa/AFP, the president of China, Xi Jinping,
assured that Latin America is entering to a new
“golden age” and summoned to deepen the
commercial bonds with his country, in a speech
before the Mexican Senate during his State Visit
to that country. “The new contact with this
continent, full of dynamics and hope, secures my
perception that Latin America has incomparable
conditions in favor of its development, the
same that are becoming another golden age for
Latin American development”, affirmed the
Chinese president in his recent visit to Mexico.
Beijing has encouraged an active commercial and
investment policy during the past years in Latin
America to assure provisioning the commodities
required for its rapid growth and gain
geopolitical influence with the United States.
Xi expressed his confidence that Chinese
economy, the second of the world, will maintain
a “relative quick” rhythm of development and
called to deepen even more the relationships
with Latin America. The president offered some
figures to demonstrate the great leadership
which will continue having the Asian giant in
the world economy: China “will invest abroad
more than 500 billion dollars in the next five
years”, stated the president, who estimated that
the citizens of his country will make 400 million
trips abroad during that period of time.
During his visit to Mexico, the second economy
of the region after Brazil, Xi agreed with his peer
Enrique Peña Nieto of bringing the bilateral
relationship to an integral strategic association.
Within the framework of the new phase of the
relationships, Xi called for a consultation to
face common challenges in opposition to the
obstacles to world free trade. “It is necessary to
jointly condemn protectionism and persist in
dialogue and consultation to resolve economic-
commercial issues”, affirmed the president. Xi
also requested that the relationship with Mexico
complies with “mutual respect and confidence to
demand comprehension and support in matters
related to its respective vital interests”.
LATINAMERICAENTERSA“GOLDENAGE”:
XI JINPING, PRESIDENT OF CHINA

16. April - June 2013
considers the United States likewise. Even one
of five persons consulted believes China is
already the most influential country, ahead of
Japan, India and the United States.
Chinese Secret
Liu Kang, professor of Chinese Cultural
Studies of the Department of Asian Studies
and director of the Research Center on China
of the University of Duke explained to El País
that the success of China in the region is due
to its lack of political intromission. What he
calls “pragmatic diplomacy” has allowed that
investments in Latin America and the Caribbean
are not based on ideology. This policy has
become more efficient than that used in the
Middle East of Africa. For example, Kang said
that its commercial relationships with some
countries of the region do not depend on the
recognition of Taiwan.
According to a report of Latin Business
Chronicle based on a study of the Economic
Commission for Latin America and the
Caribbean (ECLAC), if there is something in
common among the perspective of economic
growth between China and Latin America
it is the search for new markets. Therefore,
the report states that the drive of Chinese
investments in the region will displace the
European Union towards 2015 as the second
principal investor.
On the other hand, based on a report of El País,
this economic influence would also be risky for
the “privileged relationship” that Latin America
still maintains with the United States. According
to a survey of the Barómetro de Las developed by
the University of Vanderbilt, this relationship
with the Asian giant is seen with good eyes by
Latin Americans. Thus, 68.2% of the citizens
of the region see this presence in the economy
as positive, while a minor percentage (62.2%)
CHINAWOULD REPLACE THE EUROPEAN UNION IN
2015AS SECOND INVESTOR
IN LATINAMERICA

17. April - June 2013
According to data of the Chinese Ministry of
Commerce, Latin America is the second largest
investment destination of the country, after Asia.
In 2000, Peking invested US$10 billion in the
region, in 2009 this figure was US$100 billion
and two years later it was more than US$245
billion. These continuous increasing figures
served as “cushion” against the impact of the
economic recession of 2008 in Latin America,
according to the Woodrow Wilson Center.
Unites States Alert
The largest economy of North America
addresses empirically the increasing weight
of China. However, Washington alerts on the
commercial practices of China, the conditions
of its labor market – with a cheaper labor
allowing reducing production costs – and the
lack of guarantees on human rights. These
appear as factors that favor the commercial
relationship of emerging countries of the region
with the U.S. for its political-economic affinity,
than with Peking’s.

18. April - June 2013
Containers movement in the ports of Latin America
and the Caribbean maintained a low dynamics
in 2012 with a growth of 4.3% in 2012, which
confirmed the deceleration of foreign trade for the
region during last year, affected by the European
recession and a lower growth in the United States
THE PRINCIPAL CONTAINERS PORTS IN LATIN
AMERICAIN 2012
1 Colón (MIT, Evergreen, Panamá Ports), Panama 3.500.000
2 Balboa, Panama 3.300.000
3 Santos, Brazil 2.950.000
4 Cartagena (Sociedad Portuária, Contecar, El Bosque), Colombia 2.200.000
5 Manzanillo, Mexico 1.900.000
6 Callao (DPW/APM), Peru 1.800.000
7 Buenos Aires (Exolgan included), Argentina 1.650.000
8 Guayaquil, Ecuador 1.500.000
9 Lazaro Cárdenas, Mexico 1.250.000
10 Caucedo, Dominican Republic 1.150.000
11 San Antonio, Chile 1.050.000
12 Limón-Moin, Costa Rica 1.050.000
13 Valparaiso, Chile 950.000
14 Buenaventura (Sociedad Portuária, TCBUEN and Grupo Portuario),
Colombia
850.000
15 Porto Cabello, Venezuela 850.000
and China. Port movement ranking of containers
of Latin America and the Caribbean in 2010 grew
15.9%, rate that reduced to 13.9% in 2011. Below
is the 2012 Ranking prepared by the Unit of
Infrastructure Services of ECLAC in TEUs (round
numbers):

19. April - June 2013
Principal Latin American Ports are Efficient
Worlwide: Eclac
In accordance with the following graphic,
belonging to recent study prepared by the
Infrastructure Division of ECLAC and
presented first by its Chief Ricardo Sánchez
in the port Conference held in Cancun, two
ports of Mexico (of five studied), two of Chile
(of three studied) and one in Colombia and
Ecuador, have a productivity similar to the best
in the world.

20. April - June 2013
Latin America should have long-term vision for
its investment and savings programs, in order to
position itself in the next 20 years as the region
of the future at world level, stated the Latin
American Development Bank (CAF) based on
the report “Vision for Latin America 2040”,
according to the news of the Latin Business
Chronicle, quoting EFE.
“This report is a warning to all leaders of public
and private institutions of Latin America so
they wake up to the self-complacency in which
they live, (thinking) we are doing well and will
continue doing so, while in reality this is not
Colombia: The Country with the Highest
Growth in Movement of Containers
While Colombia, Mexico and Peru are the three
countries that increased most the movement
of containers in Latin America during 2012,
with growths of 18%, 13% and 9% respectively,
Argentina decreased 35%. The most dynamic
ports in these countries were Cartagena and
Buenaventura in Colombia; Callao in Peru; and
Lázaro Cárdenas, Veracruz and Manzanillo
in Mexico. According to a report of the
Economic Commission for Latin America
and the Caribbean (ECLAC), quoted by T21,
although containers transportations maintained
low dynamics, thus confirming the deceleration
of foreign trade for the region during last year
because of European recession and the lower
growth in the United States and China, some
countries of the region “seemed more immune
to the deceleration of ports and maintained
strong growth rates”.
LATINAMERICASHOULD HAVE LONG-TERM
VISION TO POSITION ITSELFAS
THE REGION OF THE FUTURE
the case”, stated to EFE the representative of
CAF in Panama, Susana Pinilla, former Minister
of Labor and Women of Peru, who last April
presented in Panama an 800-page document
prepared during two years by a group of
international researchers at the request of the
bank entity.
She emphasized that Latin America is the better
endowed developing region of the world, with
extensive areas of fertile land, lots of sun and
abundant hydric resources, in contrast to most
developing regions, among others, Africa, an
important sector of Asia and the Middle East.

21. April - June 2013
However, details show how Latin America
moved from being the “continent” with the
greatest advantages worldwide by the end of
the 70s to currently become an average region,
in circumstances almost similar to Africa. It
was also affirmed that Latin America at the
beginning of the 80s started a stagnation
process that made it lose its constant growing
rhythm and its course as the most advanced and
prosperous developing region.
Latin America will be the Main Exporter of
Grain in the World
The Center of Economic Studies of the School
of Mexico, Sidesa of Costa Rica, the Institute
of Peruvian Studies (IEP, in Spanish), Rimisp of
Chile and the Ceo/Forges Group of Argentina
gathered a group of experts to analyze the possible
scenarios and make offers and suggestions on
how to face the challenges for agriculture to
She stated that Latin America represented in
1981 31% of the GDP of developing countries,
average that fell to just 20% in 2009, whereas
GDP of Brazil and Mexico was one third higher
than that of India or China, a situation that
changed drastically in 2009. This year – she
stated – the gross domestic product of India
was one third higher than Mexico’s, while China
was 50% higher than all Latin America. She said
that in 1980, Brazil and Mexico were the two
largest emerging economies of the world and
Latin America had four countries in the list of
the 10 largest, whereas at present, the 10 largest
emerging economies are in Asia.
Ms. Pinilla states that a much more thorough
work is necessary, coherent and with longer
duration State policies and that must,
furthermore, be accompanied by the work and
cooperation of the private sector. “A much
greater effort must be done at investment
and savings levels (…) and have a long-term
vision that generates transformation with high
technology that improves total competitiveness
of factors, especially human capital”, she said.
Also, she asserted that among recommendations
worth noting is the need to improve education,
above all technical education, to produce
technology and not depend “exclusively” of
the exports of commodities, and empower
the region based on its natural, cultural and
historical wealth.

22. April - June 2013
On the other hand, the report coordinator,
Andrew Powell, principal adviser of the
Research Department of the international
organization, highlighted that “potential
benefits of improving the use of resources
are very significant” in the Latin American
region. Among things that may be improved
he emphasized the high labor informality that
in Latin America reaches 56% of jobs, and the
contribute to development. Conclusion was that
according to the IEP Latin America will be in the
future the principal net exporter of food in the
world as it has 30% of the water of the planet,
which represents a privileged situation. For this
reason agriculture resources will gain economic
leadership within the region; the IEP added that
Latin America is one of the only two regions
with available lands for agriculture, although
its complete use would require investments in
infrastructure and technological development
allowing its sustainable use, as informed by Latin
Business Chronicle quoting the news from Gestión.
The study also shows that within the new
international contexts, agricultural natural
resources have an increasing economic
importance and that development strategies
for agriculture are gaining more and more
leadership, thus an appropriate balance must be
established between the different contributions
development may do.
Latinports considers of the utmost importance
the conclusions of this study as this will
necessarily drive to give much more attention
to the waterways of the region and to the
connectivity of the river ports with production
centers, as is being done by Brazil and somewhat
late by Colombia (although better late than
never).
Latin America Could Grow to Asian Levels
Latin Business Chronicle, quoting the economic
paper Portafolio of Colombia and the EFE
agency informed that according to the Inter-
American Development Bank, Latin America
and Caribbean growth, currently around 4
percent, could reach levels close to that of
Asian countries if structural economic reforms
are applied to the labor market or to a greater
investment in infrastructures. “The issue is there
exists an opportunity which must be exploited so
that Latin America grows 6% instead of 4%, as
the Asian countries”, assured to EFE José Juan
Ruiz, chief economist of the Inter-American
Development Bank (IDB), after the presentation
of the report, “Reframing Reforms: How Latin
America and the Caribbean may Escape from
the Lower World Growth”.

23. April - June 2013
International Monetary Fund Urges Latin
America to Benefit of the Bonanza “That
will not Last Forever”
The International Monetary Fund (IMF) urged
Latin American economies to benefit of the
external favorable conditions “that will not
last forever” and to set the bases for a future
“sustained growth”, informed Latin Business
Chronicle quoting EFE. The Fund recommended
in its new regional report that Latin American
and Caribbean countries must redouble their
macroeconomic defenses at a time in which a
regional growth of 3.4% is expected for 2013
and 3.9% for 2014, driven by the abundance
of funding and the robust demand for
commodities.
low investment in infrastructures. Likewise, he
explained that the fiscal and monetary space
to take counter-cyclic measures is considerably
lower to that existing before the crisis, and part
of these reserves have already been consumed,
therefore it is important to influence these
structural reforms to revitalize growth.
Despite this positive environment, the report
also advises of the mid-term risks resulting from
a potential “hardening” of the world funding
conditions and the possibility of a “strong
deceleration at Asian emerging countries, with
the relevant effects on prices of commodities”.
“The conditions are still favorable but will not
last forever”, stated in a communication the
director for the Western Hemisphere of the
IMF, Mexican Alejandro Werner, in Montevideo,
where the report was officially presented. The
executive of the Fund alerted on the signs that
are beginning to show on price moderation
of commodities, a trend that could intensify,
and insisted that interest rates will increase as
advanced economies improve.
In this study, the international organization
warns that despite the general good economic
situation of the region, there are different
challenges regarding the particular economic
structure of the countries. On one hand,
places economies financially integrated into
international markets of the region (Brazil, Chile,
Colombia, Mexico, Peru and Uruguay) that
according to forecasts will grow at a medium rate
of 4.3% in 2013, and for “which is important
to calibrate macroeconomic policies”. On the
other hand, the international organization stated
that Central American and Caribbean countries
continue having high indebtedness levels and
therefore must “consolidate their fiscal positions
as soon as possible”.

24. April - June 2013
Eclac Reduces Growth Prediction for Latin
America in 2013
According to Latin Business Chronicle, and quoting
Reuters, the Economic Commission for Latin
America and the Caribbean (ECLAC) slightly
reduced growth forecast for the region in 3.6
and 3.7 percent for this year, from a 3.8 percent
forecast in December, stated in Montevideo the
beginning of April the executive secretary of
the organization, Alicia Bárcena. “We believe
that some countries will not reach the growth
level we had expected”, stated Bárcena, and
added that most probably the average figure
of the region will finally be 3.6 percent. “We
expect Argentina and Brazil to do better, but we
are cautious in our forecasts as obviously what
we clearly see is that Europe will continue in
recession”, she stated, adding that Europe would
show a 0.6 percent contraction of its Gross
Domestic Product. “This is a great impact for
us, above all in the commercial channel. Until we
have clarity to where the global context is going,
this continues being a very uncertain context”,
assured the chief of ECLAC.
Peru will Lead the Economic Growth of
South America in 2014
The International Monetary Fund in its
report Economic Perspectives: The Americas,
presented in May, stated this year the economic
growth will be lead by Paraguay (11%), followed
by far by Peru (5.5%). However, the IMF
forecasted that Peru will be leader of the
economic growth of South America in 2014,
showing an advance of 6.1%, while Paraguay
will decrease to 4.6%, to less than half the figure
estimated for this year.
According to the report, Peru will end this year
with the lowest inflation of South America
(2.1%), followed by Colombia (2.4%) and Chile
(3%). On the contrary, the highest inflation
rates for this year will be reported by Venezuela
(28%), Argentina (10.1%), Uruguay (7.8%),
Guyana (6%), Brazil (5.5%) and Paraguay (5%).
In 2014 Peru will remain the country with the
lowest inflation of the region (2%). After Peru,
South American economies that will grow the
most next year are: Guyana (6%), Bolivia (5%),
Chile (4.6%), Paraguay (4.6%), Colombia (4.5%),
Surinam (4.5%), Brazil (4%) and Uruguay (4%).
The countries reporting the lowest growth in the
region are Venezuela (2.3%), Argentina (3.5%)
and Ecuador (3.9%).
On the other hand, according to the
investigation of Grant Thorton consulting,
quoted by Gestión, during the first quarter of
the year Peru was the world ranking leader
on entrepreneurial optimism, followed by
Philippines, United Arab Emirates, Mexico and
Chile. For the first time none of the BRICs
(Brazil, Russia, India and China) economies are
among the first places.

25. April - June 2013
Chile and Panama are heading the Competitiveness
Ranking of Latin America for third consecutive
year, prepared biannually by the Institute of
Competitiveness of ADEN Business School, an
entrepreneurial education institution originated in
Argentina that presented in April its report at the
capital of Panama. The study places Chile in first
place with 82 points, over a total of 100, followed by
Panama with 77.2. In April and October 2012 Chile
had the first place with 81.4 points in both cases,
and Panama followed with 76 in the first period and
74.7 points six months after. Following Chile and
Panama came this time Costa Rica with 74.1 points,
Uruguay (73.1), Mexico (71), Brazil (70.6), Peru
(68.8), Colombia (68.2), Argentina (64.5), Ecuador
(64.5), El Salvador (63.6), Paraguay (61.9), Guatemala
(60.5), Honduras (60.4), Dominican Republic (59.4),
Nicaragua (59.3), Venezuela (57.1) and Bolivia (56.4).
Since 2010 when the Institute started this evaluation,
these two Latin American nations have remained at
the forefront with slight variations. ADEN evaluates
ten aspects to determine the Index: coverage of
basic needs, institutional issues, infrastructure,
macroeconomic stability, health, education,
population expectations, market competence,
labor relations efficiency and access to technology,
as confirmed by the responsible of the study,
the Argentinean Alejandro Trapé. The ranking is
prepared by investigating these ten variables at “the
18 most important countries” representing 99%
of the Gross Domestic Product (GDP) of Latin
America, explained the executive. Economies such
as Antigua and Barbuda, Bahamas or Belize are not
included because of its small size and Cuba for the
lack of reliable data, he stated.
According to Trapé, measurements made are
based on data supplied by international financial
organizations, official institutions of the different
countries and “occasionally” some private, solid
reputation measurement firm, which are listed in
the document. The ranking has a margin of error
of 5%, thus in some cases there are technical ties
between countries as a result of the small difference
between their averages.
CHILEAND PANAMACONSOLIDATEAS LATIN
AMERICAN LEADERS IN COMPETITIVENESS

26. April - June 2013
Estado de Sao Paulo informed that President Dilma
Rousseff prepares the creation of another state
entity in charge of the responsibility of river ports,
waterways and locks of the country, functions
now in charge of the National Department of
Infrastructure and Transportation (DNIT). The
newspaper highlights that based on the above,
this government will create in three years the same
number of state management entities than the
previous government did in eight years. The new
entity will be in charge of projecting, building,
operating, maintaining and renewing navigation
structure in rivers, today way under its possibilities
and the potential of the country.
Still underway, Hidrobrás would have a double
entailment reporting both to the Ministry of
Transportation and to the Secretary’s Office
of Ports of the presidency, responsible today
of the seaports. The principal justification for
its creation is that under the dependence of
the DNIT river ports and waterways are in a
second place, as sovereignty concentrates its
activities in managing the immense railway
network. “Countries the size of Brazil do not
have multimodal bodies (managing more than
one type of transportation) as the DNIT”, is the
argument of the government authority involved
in the project, explaining that Brazil does not use
GOVERNMENT OF BRAZIL STUDIES MAKING THE
WATERWAY MODE INDEPENDENT
one third of its waterway capacity. “To potentiate
this requires specialization”, he states.
The outgoing Minister of Transportation,
Paulo Sérgio Passos, said the objective of the
government is creating the state entity this year.
“We are working in restructuring and considering
a company to respond for river ports and the
maintenance of waterways”, he affirmed, without
giving any more details. According to Passos,
continuity will depend of the new head of the
ministry, former senator César Borges. On the
other hand, the Superintendent of Interior
Navigation of the National Water Transportation
Agency, Antaq, Adalberto Tokarski, confirmed
the project, which name according to him will
be Empresa de Desarrollo Hidroviario EDH that
will have the purpose to prepare the studies and
investigations to plan the sector.
New State Entity Generates Information
Shock in the Government
However, according to Estado, the Civil House
(Casa Civil) denied the project, and at the same
time the Minister of Ports, José Leonidas
Cristino, stated this idea must still be studied in-
depth and that a final decision has not been made.
Valor, on the contrary, quotes Minister Cristino
saying: “We are not going to constitute a state
entity for waterways, and the official position of
the government is that its creation is discarded”,
who added that the waterways projects will
remain under the responsibility of the Ministry
of Transportation and the DNIT. Likewise, the

27. April - June 2013
minister emphasized that with the so called
Provisional Measure of Ports, under discussion
in Congress at this time, the Secretary’s Office
of Ports he directs would be responsible of
river and lake terminals, while waterways would
remain with the DNIT, also responsible of road
and railway management. The minister observed
that the government is studying alternatives to
stimulate developing river navigation, based on
a plan prepared by Antaq. “If we are going to
invest a representative amount of resources in
roads and railways, we must also include the
waterways”, he concluded.
IN ITS FINAL STAGE TENDER TO
DEEPEN UPSTREAM WATERS OF
THE MAGDALENARIVER IN COLOMBIA
in making the river navigable once again, which
concentrates most of the GDP of the country.
Companies as important as the Belgian Jan de
Nul and the Dutch VanOord are part of the three
selected consortia. The tender, which amounts to
US$600 millions including ten years of maintenance,
shall be formally opened in August.
Three international consortia out of nine presented
were selected by Cormagdalena to participate
in the tender for the channeling works between
Puerto Salgar, 150 km by road from Bogotá, and
Barrancabermeja, 250 km downstream, consistent
In between this conflicting information, Valor
informed that an assistant of President Dilma
Rousseff said that the creation of a new state
entity in charge of the waterways and river ports
has not yet been totally decided, but is now in its
maturing phase, and that its launching tends to
occur in the second semester of this year. The
package must include the first concession of
a waterway corridor (of the Tocantis River) to
private initiative.

28. April - June 2013
COMPAÑÍASURAMERICANADE VAPORES
FORESEES “COMPLEX SCENARIO” FOR THE
SHIPPING INDUSTRY IN 2013
situation of most competitors was a stabilizing
factor during 2012 and will continue being so, in
our opinion, during this year 2013”. Thus, the
communication states that “the evolution of the
market during 2013 will basically depend on the
rationality of measures taken by the principal
shipping lines”.
Besides, he acknowledged that “although the
crisis of the industry has not ended yet, we do
observe changes that may be determinant in the
recovery and stability of the industry in the mid-
and long-term, product of the great losses that
the shipping industry as a whole has faced since
the crisis of 2009”. In any case, Luksic stated
that “despite volatility and risks, we are optimist
towards the future of CSAV (and therefore)
we have made great efforts to transform CSAV
into an efficient company, more capitalized and
focused on its clients and with a strong presence
in Latin American markets, where we consider
having competitive advantages”.
“The shipping industry in general is still
suffering the unbalances of supply and demand
that generate a considerable volatility in freights
and, therefore, in earnings of companies”, is the
analysis of the Compañía Sur Americana de Vapores,
CSAV, according to a report of Mundo Marítimo,
quoting Diario Financiero. In the communication
addressed to shareholders of Memory 2012,
deceased entrepreneur Guillermo Luksic
mentioned the changes the industry must have
done, which has “increased the fleet detained
now for several quarters at levels of 5% (…) and
the increase of joint operations, among others”.
This, he explained, “has allowed that during
2012, which from the point of view of world
economy has significantly been a more difficult
year than 2011, freight tariffs have considerably
increased compared to 2011, without prejudice
of not reaching yet historical tariff levels”.
However, “the projection for delivery of
new vessels by shippers for this year 2013 is
approximately 10% of the world fleet. This
compared to a growth projection of the industry
of 5%-7% depending on different analysts”.
This will unchain, says the letter “a complex
scenario for this industry during 2013, which
must continue with the measures described”
before. Luksic added that “the complex financial

29. April - June 2013
The shareholders of Hapag-Lloyd and Hamburg
Süd mutually agreed to stop conversations
temporarily, informed World Maritime News.
“Hamburg Süd does not wish to publicly
comment on the matters of the points discussed.
However, it wants to expressly establish that
the owners of Hamburg Süd – different to the
impression transmitted in several articles of
the press – does positively favor listing the new
company that results from the merger if certain
conditions are met”, declared the company in a
press release. The Board of Consultants and the
Board of Directors of Hamburg Süd have the
firm vision that the merger of Hapag-Lloyd and
Hamburg Süd would benefit both companies,
and also to have Hamburg as boarding place.
HAPAG-LLOYDAND HAMBURG SÜD STOP
MERGER CONVERSATIONS
MSC NEGOTIATES 35% OF ITS TERMINALS DIVISION
FOR US$2 BILLIONS
Mediterranean Shipping Company (MSC)
negotiated 35% of its division of terminals
(Terminal Investment Limited TIL) with
investment fund Global Infrastructure Partners
(GIP) and a group of co-investors, according to
a joint communication published the beginning
of April, informed Port Finance International.
Business closure is expected for mid-year
and will be subject to obtaining the relevant
approvals.
Terminal Investment Limited (TIL) was
founded in 2000 to assure docks and terminal
capacity at the principal ports used by MSC,
with headquarters in Genoa. Since then, TIL
has continued growing becoming the sixth
largest operator of terminals of the world,
with interests in almost 30 terminals. With

30. April - June 2013
Roberto Azevedo, Brazilian diplomat
headquarters in New York, GIP is an investment
fund with US$15 billion under its responsibility.
“We are extremely pleased of joining forces with
GIP, one of the largest and most experienced
investment funds”, stated Diego Aponte, Vice-
president of MSC. “Through this society we are
reinforcing our terminals division, which will allow
us to capitalize opportunities and growth in the
future. This complements the strategy of MSC of
keeping a leading position in the industry”. On the
other hand, Adebayo Ogunlesi, Chairman of
the Board of Directors of GIP, commented:
“We are pleased of having entered into this
exciting new society with MSC. This is in
line with our strategy to develop the best
agreements with industry leaders. We hope
to work closely with MSC in the growth and
improvement of this high quality portfolio of
active containers terminals”.
He is the first Latin American to lead the World
Trade Organization (WTO) since its creation in
1995 replacing French Pascal Lamy and will enter
office next September, as reported by Portafolio
quoting the EFE agency.
At the end of the consulting process held in
private with each of the 159 member countries of
the organization, the balance inclined in favor of
the candidate of Brazil, who was competing with
the former Mexican Minister of Commerce and
recognized negotiator of free trade agreements,
Herminio Blanco. Brazilian diplomatic
sources said that shortly after knowing the
victory of Azevedo, he received a call from
Blanco congratulating him for the quality and
cleanliness of his campaign, and at the same
time confirming him he accepted the result.
Azevêdo, 55 years old, is a respected diplomat
that has dedicated most of his career to
economic and commercial issues, and his work
has been linked – in different stages – directly
to the representation of his country at the
WTO in Geneva. He has been ambassador
of Brazil to the WTO for five years, where
his country has a leading role among Latin
American and developing nations. His fine
diplomacy is acknowledged and is considered a
connoisseur of an institution that coincidently
is now in a situation of paralysis since his
appointment as ambassador. He will enter
office next September 1st
, once the French
Pascal Lamy has ended his second mandate at
the institution, which he has directed for the
last eight years.
BRAZILIAN ROBERTOAZEVEDO WILL BE THE
NEXT DIRECTOR OF THE WORLD TRADE
ORGANIZATION

31. April - June 2013
Presidents of the United States and Mexico, Barack Obama
and Enrique Peña
Latin Business Chronicle, quoting Milenio and
Notimex, informed that during the recent visit
to Mexico of the President of the United
States, Barack Obama, both governments
committed to work to make of North America
the most competitive and dynamic region of
the world, stated the Secretary of the Treasury
and Public Credit (SHCP, in Spanish). In the
Weekly Report of Vocero, the entity stated that
between Mexico and the United States “there
are great cooperation activities in benefit of
our populations”, and that both countries
represent a unique economic and commercial
block at world level, because of the high degree
of integration and complementarities existing
between its economies. In this framework, he
stated that the federal government endorsed
its commitment of driving internal economic
growth through structural reforms in order
to advance towards forming a stronger and
more competitive North American region. The
above in order to accomplish that these internal
agreements and transformations become a
reality and an improvement for the pockets of
Mexican families through more and better jobs.
“That is why within the framework of the visit
of President Barack Obama to our country, both
governments committed to work to make of the
North American region the most competitive
and dynamic worldwide. Between both countries
there exist great cooperation opportunities for
the benefit of our populations”, he stated.
In 2012, real growth of U.S. economy was 2.2
percent per year (compared to 1.8 percent in
2011). However, during the last quarter of last
year the growth of the neighbor country showed
signs of weakness (moving from an annual
increase of 3.1 percent in the third quarter to
-0.1 percent in the fourth quarter). For Mexico,
the real GDP grew 3.9% in 2012, and in
response to the growth weakness in the United
States, the Mexican economic activity was partly
affected, whereas for this year the economy
would have a real 3.5 percent annual increase.
However, to reduce vulnerabilities shown in the
United States, Mexico is looking for the years to
come that its economic growth is driven from
the interior, stated the SHCP.
Ambitious, the Mexican Economic Reforms:
Barack Obama
Meanwhile, the President of the United States,
Barack Obama, during his visit to Mexico,
affirmed that the “ambitious” reforms being
worked in Mexico will cause the economy
between both countries to reinforce and be
more competitive to face together other markets.
MEXICOAND THE UNITED STATES COMMITTED
TO CREATE THE MOST COMPETITIVE
REGION OF THE WORLD

32. April - June 2013
Growth, the Challenge of Mexico: Nobel
Prize in Economics, Paul Krugman
Regardless of the above, growth continues
being the main problem for Mexico despite the
favorable perspective of its economy, considered
the Nobel in Economics 2008, Paul Krugman,
according to report of CNN Expansion.
“Everything functions well except the growth
rate”, said the economist. The expert states that
in these past years the growth rates in Mexico
have exceeded those of emerging economies as
Brazil; however, they are 3% and 4% far from
those entered by nations such as India or China.
Krugman considers that Mexico has shown
progress in its social development dynamics,
which at some time must reflect in economic
growth; but it must find the way to exploit its
economy. “I am optimist that this growth will
speed up (…) but I continue waiting for the case
Nobel Prize in Economics, Paul Krugman
Mexico is an example for many economies
of the world: BBVA
Mexico has become an example for many
economies worldwide because it has been
capable of maintaining a responsible
management regarding handling public finance
and has driven structural reforms that seek
gaining competitiveness and stimulating growth,
said Francisco González, Chairman of the
Management Council of BBVA.
During the National Meeting of Regional
Counselors, the executive highlighted that
Francisco González, Chairman of the Management
Council of BBVA
He emphasized that in economic matters, the
relationship between both countries is one of
the most fruitful worldwide with a flow of more
than one billion dollars, which places Mexico as
the second market of exports. He insisted that
more competition generated, Mexico will have a
firm partner, as “when one prospers, so does the
other”.
of a miraculous economy”, said the Nobel Prize.
“Mexico in most cases is a happy story”, he
added.
The Mexican government expects that the
economy will grow 3.5% this year, although the
International Monetary Fund and analysts of
the private sector have reduced their forecasts in
the last weeks in view of the deceleration of U.S.
economy.

33. April - June 2013
President Dilma Rousseff of Brazil talks to the host President, Jacob Zuma of South Africa, in the presence of the other presidents
of the BRICs Group, Manmohan Singh of India, Xi Jinping of China and Vladimir Putin of Russia
Mexico has solid economic strengths which
places it among the less vulnerable nations
worldwide and assured that the European
crisis has not affected BBVA Bancomer.
González mentioned that the country shows
signs that will make it accomplish a potential
growth higher than three percent in the next
two years. “Mexico has consolidated as one
of the economies with less macroeconomic
vulnerabilities of the world, it not only has a
low debt level and a solid profile, but also has
a moderate current account deficit, appropriate
international levels of reserves and a contingent
line of credit of the International Monetary
Fund”, he stated.
BRICS COMMITED TO IMPLEMENT THE BANK OF
DEVELOPMENT OF INFRASTRUCTURE
According to the agency EFE, during the
last meeting of the BRICs Group (Brazil,
China and South Africa) held in Durban the
end of March, was decided the creation of
its own bank of development as a financial
international alternative, which purpose is to
“move resources, encourage the construction of
infrastructures, and sustainable development” in
emerging and developing countries, as explained
by the President of South Africa, Jacob Zuma.

34. April - June 2013
The President of Brazil, Dilma Rousseff, stated
the bank will be a key issue in “one of the most
decisive aspects” of the contribution of the
BRICs to global economy, which is “financing
of development”. Once it starts, the institution
will service as complement to institutions such
as the International Monetary Fund (IMF)
and the World Bank (WB), which the BRICs
consider controlled in excess by Europe and
the United States. The meeting at Durban also
served to establish a center of studies of the
BRICs, and also a business council with which
the block may build commercial relationships
between its partners.
BRIC countries represent 42 percent of world
population and almost 45 percent of the labor
force existing on the planet, based on data of the
group. In 2012, Brazil, Russia, India, China and
South Africa gathered 21 percent of the world’s
Gross Domestic Product (GDP) and commerce
among them reached 282 billion dollars. Brazil
will host in 2014 the sixth summit of the
group, which growth and need for investments
in current financial crisis has multiplied its
importance within the global economic scenario.
Pacific Alliance formed by Chile, Colombia,
Mexico and Peru was confirmed today as
a model of regional integration upon its
announcement of having concluded 92% of
tariff relief for the trade of goods and services
and another 8% to be finished at the end of July,
informed Latin Business Chronicle quoting Emol.
economia. The announcement was done by the
Ministers of Foreign Affairs and Commerce of
the four countries at a press conference given
in Villa de Leyva, a colonial city of the center
of Colombia, to present the advances of the 8th
Ministerial Meeting of the block that reviewed
what was agreed at the Presidential Summit held
in May in Cali.
“We have advanced so quickly that the paths
are almost all fulfilled”, stated the Colombian
Chancellor, María Ángela Holguín, host of the
meeting, altogether with her peer of Commerce,
Industry and Tourism, Sergio Díaz-Granados.
Holguín stated that the Alliance advances
towards “a deep integration” including, besides
free trade, the opening of commercial offices or
joint embassies, free movement of individuals,
strengthening of education and of small and
medium enterprises, among other factors. The
Chancellor also announced that the range of
countries observers of the Alliance will continue
extending as incorporation requests have been
received from Turkey, South Korea, China and
the United States, which in her opinion shows
the level of interaction that the Latin American
block will have with the rest of the world. If its
incorporation as observers is approved, these
countries will add up to the dozen nations from
several parts of the world that currently have
this status within the Alliance, a mechanism that
PACIFICALLIANCE
DEEPENS ITS INTEGRATION
BY THE ROUTE OF FREE COMMERCE

35. April - June 2013
as stated to EFE by the Mexican Chancellor,
José Antonio Meade “is a good platform to look
to Asia”.
Of the advances achieved, the one that must
have the most economic repercussion is the
agreement of tariff relief that, according to
the Minister of Commerce of Colombia, will
be concluded before the end of July, as was
requested by the Presidents of the Summit
at Cali. “We have reached a consensus for
almost 92% of goods and the other will be
done gradually, with this we comply with the
mandate of the Presidents that before the end
of June we will have concluded the commercial
negotiation”, said Díaz-Granados. The Minister
explained that the tariff relief of 8% will
be negotiated during a meeting of the Vice-
Ministers of the four member countries coming
soon in Santiago de Chile. “Before July 30 we
must have closed this negotiation and inform it
to the members of the Alliance”, he reiterated.
Once this commercial negotiation is concluded
an agreement will be signed for the zero tariff
that will complement the Marco Agreement
which resulted in the Pacific Alliance adding
up to 210 million persons of member
countries, equal to 35% of Latin America and
the Caribbean, and representing 33% of the
commerce of the region. The alliance as “a
great integrated market”, stated Minister Díaz-
Granados.
The countries of the Organization for
Economic Cooperation and Development
(OECD) invited Colombia and Latvia today to
start negotiations towards their next accession
and at the same time expressed their intention
of making the same with Costa Rica and
Lithuania in 2015, as informed by the economic
paper Portafolio. The Ministers of the 34
members of the OECD decided this invitation
during the examination of the applications
of the candidates to enter during the annual
meeting held in Paris.
Colombia had formalized its wish to integrate
the organization in January 2011 during a visit
to Paris of President Santos, when he justified
this intention because the OECD “is the club
of good practices”. “Colombia and Latvia have
made clear that their entry is critical for their
development and reform efforts”, stated the
general secretary of the organization, José Ángel
Gurría, who also stated that both countries “will
enrich our collective experience and reinforce
OECD as source of effective and innovative
public policies”. Gurría also stressed that today’s
decision “underlines the commitment of the
OECD for a greater diversity of its members
and reinforces its roles as a marker of standards
and as the “house of the best practices”.
OECD INVITES COLOMBIATO NEGOTIATE ITS
ACCESSION TO THE GROUP

36. April - June 2013
What is OECD?
The origins of the Organization for Economic
Co-operation and Development OECD date
back to 1960, when 18 European countries, plus
the United States and Canada, joined forces
to create an organization dedicated to global
development. Today, 34 member countries
span the globe, from North and South America
to Europe and the Asia-Pacific region. They
include many of the world’s most advanced
countries but also emerging countries like
Mexico, Chile and Turkey. Also work closely
with emerging giants like China, India and
Brazil and developing economies in Africa, Asia,
Latin America and the Caribbean. Russia is
negotiating to become a member of the OECD,
and we now have close relations with Indonesia
and South Africa through the “enhanced
engagement” program. Together with them,
the OECD brings around its table 40 countries
that account for 80% of world trade and
investment, giving it a pivotal role in addressing
the challenges facing the world economy.
Gurría states he met in Paris with President
Santos who requested two years ago to enter
the club. “Colombia will not start from scratch
its accession to the group. They have been
preparing this, it is a matter of State”, he
added. The organization known as the “Club
of developed countries” stated they will work
“very closely” with Costa Rica and Lithuania
from now until conversations for accession start
in 2015. For Colombia and Latvia the following
step is establishing individual calendars with the
committees responsible of substantial working
issues of the organization.
Among current members there are two Latin
American countries: Mexico and Chile.
The latter incorporated in 2010 during the last
extension phase, altogether with Israel, Estonia
and Slovenia.

37. April - June 2013
Miami Airport Convention Center
The Port Event of the Container Logistics
Chain
The port has firmly established as a critical link of
the container logistics chain. Any bottleneck or delays
that may occur next to the harbor or inside the port
dramatically affect the time it takes for the cargo to
arrive to its final destination. Therefore, ports require
processing cargo in an efficient and effective manner
using the last technologies available in the market.
TOC places the port in the center of the logistics
chain, in line with its 40 years of history and heritage.
Throughout the years, TOC has built a solid
reputation as the most reliable portfolio of events in
the maritime, shipping, port and terminal industries.
The events have now renewed the approach to
the logistics chain, thus becoming the business and
Upcoming Events
April - June 2013
TOC CSC Americas 2013
October 1-3, 2013
Miami Airport Convention Center (MACC)
Miami, FL, U.S.A.
networking event par excellence within the container
logistics chain.
The exhibition and conference of the TOC
Container Logistics Chain is the global site to gather
ports, terminals, shipping liners, 3PLs and shippers.
The exhibition is a showcase for technology and port
and terminals operations and the conference focuses
on the cooperation within the container logistics
chain.
The executive director of Latinports, Julián Palacio,
will be one of the important guest speakers. You
may find the program of the event, instructions for
inscription and registration at the conference hotel
on the webpage www.toc-events.com
Members of Latinports will have a special rate;
therefore those interested may contact jpalacio@
latinport.org

38. Spanish OHL was Awarded the Tender for
Terminal 2 of the Port of Valparaíso
Beginning of April, the Spanish company OHL
was awarded the tender for Terminal 2 of the
Port of Valparaiso, after overcoming the offer
presented by the consortium formed by Grupo
de Empresas Navieras, Besalco and Port America,
informed Latin Business Chronicle quoting the
newspaper La Tercera.
The general manager of Empresa Portuaria
Valparaíso, Harald Jaeger, stated the project
involves an investment of almost US$400
millions. In the meantime, the director of
OHL, Sergio Marino, emphasized that “we are
conscious we have made an aggressive offer
because we were interested in these works,
which have a great potential” and explained that
depending on the demand, the construction
could be developed in one or two stages. The
terminal will have a capacity to lodge two post-
panamax vessels and some minor vessels. The
total dock has 725 meters, of which the first
phase includes 350 meters according to the bases
of the tender.
Cartagena Advances To Become A World
Level Megaport
According to the newspaper El Tiempo, the
project Mega 2017 involves in its two stages
investments for approximately one billion
dollars. The port of Cartagena de Indias,
now subject to a great technological and
infrastructure renovation, aspires to become one
of the 30 best megaports of the world in 2017,
when its capacity will include moving up to
five million containers. The project Mega 2017
that involves in its two stages investments for
approximately one billion dollars seeks for that
year that Cartagena doubles its current
containers movement, a cargo similar to that
moved today by the U.S. ports of Los Angeles,
Long Beach or New York.
Its evolution endorses this ambitious plan, as
port facilities have moved from transporting
96,000 containers in 1993, when the concession
was granted to Sociedad Portuaria that manages
it, to almost 2.3 millions. This port already
receives Post- Panamax vessels, maritime trade
vessels that carry up to 14,000 containers, and
the challenge in infrastructure is being able to
move international cargo more quickly and,
Latin American Port News
Abril - Junho 2013
Chile Colombia

39. April - June 2013
besides, to favor exports of national products
to other countries. It has six gantry cranes to
unload merchandise from vessels and at this
time is working in the installation of a seventh
crane that will expand platform capacity.
Among project works for the construction of
the megaport is dredging the seabed as deep
as possible to receive vessels of 14 to 16 meter
draft.
A retired captain of the National Navy and
manager of Sociedad Portuaria, Alfonso Salas,
assured in an interview with EFE that the key
to competitiveness rests in creating the best
conditions for the Caribbean region. “If we
Colombians wish to have working sources and
generate welfare, the only way is generating
elements that have external demand”, he
stated. And all this happens because Colombia
has a first category port in the Caribbean,
with a commercial development linked to the
extension of the Panama Canal. “The place
with the greatest business infrastructure of the
21st century is the Caribbean area”, stated the
manager of Sociedad Portuaria on the extension
of the Canal. This company works furthermore
to improve transportation of merchandise
from the interior of the country to the port of
Cartagena, with a project to transfer containers
from the river port of Gamarra by the navigable
Magdalena River, the greatest of Colombia.
Salas anticipated that in two or three years the
progress of this project will be a reality: “We are
making the studies”, he stated.
These plans will undoubtedly benefit Colombian
foreign trade, as in 2012 exports amounted to
60,274 million dollars and it is foreseen that for
this year these will arrive to 70 billion.
But the competitiveness of Colombian
producers has another challenge: reduce
land freight costs that transport most of the
exported merchandise, a cost that according
to the Asociación Nacional de Empresarios(ANDI)
is much higher than in countries as the United
States, Mexico, Holland or Germany. In this
sense, Salas made it clear that to transport more
national merchandise “new roads must be built
and existing ones improved”.
At present the port of Cartagena is developing
a modern system to control every truck that
enters or leaves its facilities to optimize loading
and unloading time, assign priorities and reduce
environmental impact that represents less hours
of fuel consumption. The purpose is that trucks
remain parked the least time possible while
waiting to deliver or receive cargo. Definitively,
the challenge of Sociedad Portuaria de Cartagena is
to build the necessary infrastructure to respond
to the needs of the FTAs signed by Colombia
with several countries, among others the United
States, which is about to complete one year of
operation. During its first year, this FTA has
granted important benefits to Colombian sectors
such as flowers, textiles and hydrocarbons.
New Container Terminal Starts Operations
in Barranquilla
Upon arrival the end of June of three
gantry cranes from Miami, operations of the
Barranquilla Container Terminal, BCT, are
foreseen to start in August. This is the first
terminal of the Colombian city exclusively
dedicated to containers with an investment

40. April - June 2013
Tender Process Starts at the Port of La Unión
According to the communication of the
Autonomous Executive Port Commission, CEPA
El Salvador
amounting to US$60 millions. Alejandro
Múnera, commercial manager of BCT, stated
operations will start with three gantries, low-
profile Panamax cranes, equipment currently
non-existent in Barranquilla and that will allow
high vessel efficiency. “We will offer services
at the same level of the other terminals of the
Caribbean Coast and Latin America”, stated
the executive. He emphasized that the Port of
Barranquilla required this project as 100% of the
import and export cargo is moved through this
port, 62% being locally produced. He also stated
that BCT will have a movement capacity of
116 thousand TEUs per year and projection for
2013 is estimated to move about 24 thousand
containers.
This work is the result of a joint venture
between SSA International, one of the largest
terminal operators worldwide and Sociedad
Portuaria de Santa Marta through its affiliate
Sociedad Portuaria del Norte in Barranquilla.
(in Spanish), parties interested in the tender for the
operation of the Port of La Unión may obtain the
Prequalification Rules for free by downloading them
directly from the electronic site of public acquisitions
http://www.comprasal.gob.sv . To formalize
participation, notice must be sent to electronic
mail uaci@cepa.gob.sv, including the following
information:
Reference: Registration Application
Name of the Interested Legal Person, Name of the
Legal Representative or Attorney, Telephone and
Fax numbers, Addresses of the Offices, Electronic
Mail of Contact, and confirmation of satisfactory
downloading of the Prequalification Rules.
Reception of Prequalification Documents will
be on September 13, 16, and 17, 2013 from 8:00
a.m. to 3:00 p.m. and Opening of Prequalification
Documents will be on September 17, 2013 at
3:15 p.m., official time of El Salvador. For further
information interested parties may communicate
with the UACI of CEPA, e-mail uaci@cepa.gob.sv,
or telephones (503) 2218-1229 or fax (503) 2218-
1226.

41. April - June 2013
China Will Study the Possibility of Building
a Railway Corridor Connecting the Atlantic
and the Pacific
According to magazine Semana, as doubts
increase on the viability of the controversial
interoceanic canal that will be supposedly built
by the Chinese in Nicaragua, the possibility
arises of a more realistic alternative in Mexico.
The President of China, Xi Jinping, and of
Mexico, Enrique Peña, signed the beginning
of June at the Mexican capital an agreement to
study the possibility of building an industrial
corridor 300 kilometers long to connect the
Atlantic and the Pacific, through the ports
of Coatzacoalcos (Veracruz) and Salina
Cruz (Oaxaca). The project, which is railway
transportation, would cost 6 billion dollars and
the fact that a preliminary agreement exists
between the two presidents gives it a clear
advantage over the Nicaraguan project.
Government Concessions Construction of
Controversial Canal
According to Portafolio, in June the National
Assembly of Nicaragua approved a 50-year
concession to a Chinese company based in Hong
Mexico
Nicaragua
Kong to promote, design, build and manage
an ambitious interoceanic canal project in the
Central American country at a cost of 4 billion
dollars. The concession favored HK Nicaragua
Canal Development Investment Co. Limited
(HKND Group), headed by the Chinese lawyer
Wang Jing, who is also the chief of Xinwei
Telecom Enterprise Group, company that was
awarded last year a concession to operate mobile
telecommunications. The chosen Chinese
company will have absolute power on tariffs for
the future pass, expropriation, change of water
courses and subcontracting.
The idea is that this canal competes with the
Panama Canal and foresees the construction of
a river canal to join the Caribbean and Pacific
coasts, a deep-water port at both coasts, a railway
corridor or dry canal for transportation of cargo
between the two coasts, free trade zones, airports
and a hydrocarbon pipeline parallel to the canal.
According to the “Special Law for Infrastructure
and Transportation Development of Nicaragua
regarding the Canal, the Free Trade Zones and
Associated Infrastructure”, the HKND Group
may concession subprojects to other companies.
Besides, entitles the company created just 10
months ago with the absolute power on tariffs
for the future canal, the expropriation of any
land considered necessary, and using or diverting

42. April - June 2013
at its convenience all water courses, while
obliging the Nicaraguan State to waive any type
of immunity in case of conflict. The concession
is extendible for another 50 years.
The government of President Daniel Ortega
estimates that the Panama Canal is resulting
inadequate for the new vessels of the Maersk
Triple E family and that the new canal would
give way to these vessels that measure 400
meters long, 59 meters wide and 73 meters high.
Preliminary studies will be finished in 2015,
when the construction of the project would
start. The government estimates that the Gross
Domestic Product (GDP) of the country will
increase 15 percent for 2015 when the works will
start. Studies will define the route among at least
five possible routes from the Caribbean coast
that pass by the Cocibolca Lake, some 8,000
square kilometers and the greatest water reserve
in Central America, to converge on the Brito
River, at the Rivas region in the Pacific.
URUGUAY
Port of Montevideo Favored by Argentinean
Customs Measures
An article of El País of Montevideo, quoted by
Latin Business Chronicle, gathers information
of the Argentinean newspaper Clarín, which
states that most shipping companies are
Uruguay
diverting part of the transit cargo going to
Paraguay, Bolivia and Brazil from Argentinean
ports to Montevideo. Clarín stated that transfer
gradually started by the companies Maersk,
Hamburg Süd, CMA CGM, CSAV, China
Shipping, MSC, Cosco and Evergreen. It also
stated that this year the amount of containers in
transit to Paraguay from the Uruguayan terminal
could increase 15% this year.
“The principal companies affected are those
from Paraguay as its foreign trade is channeled
through maritime companies arriving to
Buenos Aires and local shipping companies
that transship their cargos to Asunción in
smaller vessels”, stated the Argentinean
newspaper. A new customs rule established in
March by the Federal Administration of Public
Income, established that all transit cargo must
process a new sworn declaration with data and
information not required before and must pass
almost without exceptions by the so-called “red
channel” of Customs.
Clarín explains that the new control scheme
forces customs agents and shipping companies
to present a sworn declaration with data
on sellers and buyers and the commercial
operation invoice. Besides, they must send to
“verification”, by imposition of Customs, all
containers, when before those verified were only

43. April - June 2013
I see that Latinports is
growing and providing
a positive impact with
Latin American ports.
Congratulations.
John Rydlund
Senior Port Planner
Cardno TEC Inc.
USA
the ones considered “suspicious”. And it adds
that controls on transit cargo have a tariff cost
for shipping companies ranging from US$375
(for a “floor verification” of a 20 feet container)
to US$2,000 for an “exhaustive inspection” of
a 40-feet, loose cargo container. In this case,
verification cost is equal to the total value of the
freight paid from Europe to Buenos Aires.
On 2012, 120,000 containers were moved
with cargo transshipped to Paraguay. 65%
of transshipments were done in Argentina –
most in Buenos Aires – and the other 35% in
Uruguay. Forecasts for this year show that more
than 50% of containers will change vessels in
Montevideo.
I appreciate delivery of the
newsletter which has very
interesting information.
Rafael Torres
President
Latingroup
Colombia
Absolutely interesting.
Congratulations.
Marco A. Robalinho
General Secretary
Company for Urban
Development of the Region of
the Port of Rio de Janeiro
Brazil
Mail