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International Container Terminal Services Inc unit TecPlata teams up with Vessel S.A. to operate weekly service between La Plata Port and Port of Montevideo starting in July
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The new service will be operated by Vessel’s 650-TEU Gabrielle
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The service will link TecPlata with Uruguayan port operators Montecon and Terminal Cuenca del Plata and allow import and export cargo to reach new markets
TecPlata S.A., a business unit of International Container Terminal Services Inc. (ICTSI) in Argentina, has partnered with Uruguayan feeder operator Vessel S.A. in offering a new weekly service between La Plata Port and Port of Montevideo in Uruguay.
TecPlata and Vessel entered into an agreement to offer the service starting in July, ICTSI said in a statement on June 15.
The service will be operated by Vessel’s 650-TEU (twenty-foot equivalent units) barge Gabrielle, which also provides 50 connections for reefer containers.
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It will link TecPlata with Montevideo port operators Montecon and Terminal Cuenca del Plata and allow import and export cargo to reach new markets, expanding TecPlata’s services further across the Gulf Region, the US East Coast, the Mediterranean and Northern Europe.
Bruno Porchietto, TecPlata chief executive officer, described the new service as a milestone that will enable the company to sustain growth that it has achieved in recent years.
Porchietto highlighted Vessel as the ideal partner in developing such a project, considering the latter’s strongly consolidated market and industry experience.
The latest offering will add to TecPlata’s already consolidated services connecting to Brazil and Asia and provide customers with new alternatives as cargo from the Santa Fe–La Plata logistics corridor can be integrated into the new service.
The feeder connection between TecPlata and Montevideo also looks to provide importers and exporters with more alternatives as well as improve the cost and operational efficiency of Argentine foreign trade.
TecPlata was granted a 30-year concession in October 2008 to build and operate an all-purpose port terminal in the greater Buenos Aires area in Argentina by the Consorcio de Gestion del Puerto La Plata.
Built with an investment of US$450 million, TecPlata is Argentina’s most modern container terminal with an initial capacity of 450,000 TEUs that can be extended to up to 1 million TEUs in the second phase.
