Inland waterway system opening up in Ukraine

Canadian Pacific Railway (CP) has received the required regulatory clearance from the Committee on Foreign Investment in the United States (CFIUS) for its proposed merger with Kansas City Southern (KCS). However, CP is still waiting for the Surface Transportation Board (STB) to complete its regulatory review before it can take control of KCS.

AP Møller-Maersk and China International Marine Containers (CIMC) have agreed to terminate the sale and purchase agreement for Maersk Container Industry (MCI), which was announced in September 2021 and had been expected to close in 2022. WorldCargo News understands that there was significant opposition to the deal from regulators in both Europe and the US.

Valparaíso Port Company (EPV) has said that it is not thinking of appealing to Chile’s Supreme Court of Justice in respect of a recent ruling by the Second Environmental Court of Chile regarding its Terminal 2 development. The lower court effectively paralysed expansion of the facility because of environmental concerns.

Uruguay’s Court of Accounts Tribunal de Cuentas – TdC) has ruled in favour of the government’s decision to create an effective monopoly in the Port of Montevideo in terms of dedicated container handling activities. Four judges ruled for and three against.

In view of the severe drought impacting on inland waterways across South America (WorldCargo News, September 2021, p11), operators and shippers are looking for innovative solutions to keep freight moving.

The Panamanian Association of Business Executives (Apede) has requested greater transparency and more analysis to be made public regarding the decision to automatically extend the concession held by the Panama Ports Company (PPC).