Navios Logistics inaugurates iron ore transhipment and storage facility

Present at the inauguration was the Board of Directors and executive team of Navios Logistics, as well as representatives from a number of branches of the government of Uruguay, including the Minister of Transport and Public Works, Victor Rossi, and the Minister of Foreign Affairs, Rodolfo Nin Novoa.

Angeliki Frangou, Chairman of Navios Logistics, said: "We celebrated the culmination of a four-year effort by inaugurating our world-class iron ore transhipment and storage facility. The new facility represents a significant investment in essential infrastructure for the region and a critical component of the export supply chain of Navios Logistics's customers. With the completion of the iron ore facility, we have about 70 acres available for further expansion."

Frangou continued: "Our state-of-the art facility can tranship 10 million tpy, with a loading rate of 3900 tpy, can accommodate simultaneous loading of ocean-going vessels and unloading barges, and has an initial storage capacity of not less than 700 000 t of iron ore. The facilities include a new pier for loading ocean-going vessels, a new pier for unloading river barges, and a new mooring location for barge convoys. When the iron ore facility is fully operational, we expect to double the number of our employees to a total of 320 people."

Claudio Lopez, CEO of Navios Logistics, added: "We operate on about 150 acres in a perfect location, at the mouth of the river, where commodities can be transhipped through capesize vessels. The iron ore storage and transhipment facility will provide a significant additional service we can offer our customers. We expect that this facility will allow us to expand our service both through barge transportation to the facility as well as through transhipment and storage."

Navios Logistics has a 20-year commitment to provide Vale International S.A. with storage and transhipment of iron ore and other commodities for a minimum of 4 million tpy. With the inauguration of the facilities, Navios Logistics has received indications of interest from other parties for transhipment services, although no assurances can be provided such will materialise into contracts.

Read the article online at: https://www.drybulkmagazine.com/ports-terminals/10042017/navios-logistics-inaugurates-iron-ore-transhipment-and-storage-facility/