SAAM to Invest USD 85 Mn in Fleet and Infrastructure

first_imgChilean port, towage and logistics services provider SAAM unveiled its plans to invest some USD 85 million to reinforce its tug fleet and maintain port equipment and infrastructure.The company added that the investment could also cover inorganic growth opportunities that SAAM is constantly evaluating, according to Óscar Hasbún, SAAM’s chairman.The investment comes on the back of the company’s new operating model, launched last year with an aim to make the organization more flexible, modern and efficient. “These efforts will help us streamline operations and continue expanding to strengthen our leadership in the region,” Hasbún added.SAAM revealed the investment as part of its 2017 financial results. For the year 2017, SAAM reported net income of USD 60.4 million, up 11% from USD 54.5 million in 2016.This figure includes USD 26 million in extraordinary items, mainly from the sale of its minority interest in Tramarsa (Peru).Highlights during the year include increased activity at Terminal Terminals Guayaquil (TPG) and the incorporation of the main port on the Pacific coast of Costa Rica (Puerto Caldera), which helped offset reduced results from the Logistics Division and Chilean port terminals.“In 2017 we concluded a high investment cycle with over USD 500 million in capital expenditures over the last four years, giving us state-of-the-art infrastructure and equipment to continue growing,” Hasbún said.Additionally, SAAM elected a new board which will hold office for the next three years. The board will now consist of Oscar Hasbún, Jean Paul Luksic, Francisco Pérez Mackenna, Francisco Gutiérrez and Diego Bacigalupo. Jorge Gutiérrez and Armando Valdivieso Montes were also elected as independent directors.last_img read more

Man United defender admits Red Devils must improve at the back

first_img REVEALED Smalling admits United need to defend better 2 impact How the Premier League table could change after the Boxing Day fixtures At the same stage last season United had three clean sheets and just two goals against on their way to finishing second, with clean sheets in half their league matches.“Last season we picked up a lot of clean sheets and this year we’ve conceded early goals,” Smalling told MUTV. smart causal 2 RANKED Manchester United defender Chris Smalling admits clean sheets are the key to turning around their stuttering start to the season.Jose Mourinho’s side conceded seven goals in their opening three matches before registering their first shut-out in the 2-0 win at Burnley at the weekend. Forbes list reveals how much Mayweather, Ronaldo and Messi earned this decade LATEST FOOTBALL NEWS Every Championship club’s best signing of the decade, including Taarabt and Dack center_img Every current Premier League club’s best kit from the past decade Best clips, calls and talkSPORT moments of 2019, feat Hearn, McCoist and more possible standings silverware England’s most successful clubs of the past decade, according to trophies won Top nine Premier League free transfers of the decade “We need to get back what we’ve done in the last few seasons when we’ve conceded very few goals, like on Sunday.“It was down to us players to stand up tall and get a result, and we’re very happy with the win.“With us not having a game in the week, we’d been able to work on a lot of patterns of play and you could see them coming out and finishing with the goals, so we were happy with that.” MONEY highlights United conceded six goals in two games against Brighton and Tottenham Which teams do the best on Boxing Day in the Premier League era?last_img read more