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MercoPress, en Español

Montevideo, June 26th 2025 - 23:38 UTC

Investments

  • Tuesday, May 27th 2025 - 20:17 UTC

    North Sea FPSO extension clears path for potential redeployment to Falklands

    The Aoka Mizu FPSO has been a key asset in the UK North Sea and is the preferred production unit for the long-stalled Sea Lion oil development off the Falklands

    Dutch offshore company Bluewater has reached an agreement in principle to extend the deployment of the Aoka Mizu FPSO on the UK’s Lancaster oilfield, a move that could set the stage for the vessel’s future redeployment to the Falkland Islands' Sea Lion project.

  • Tuesday, May 27th 2025 - 16:04 UTC

    Fortuna Ltd secures Tristan da Cunha lobster concession and transport contract

    “This partnership promises exciting opportunities for the people of Tristan da Cunha and for Fortuna,” said James Wallace, Managing Director of Fortuna Ltd

    Tristan da Cunha, the world’s most remote inhabited island, has awarded its prized lobster concession to Fortuna Ltd, a British Overseas Territory-based company with global seafood operations.

  • Tuesday, May 27th 2025 - 15:36 UTC

    Messi and Suárez launch new football club in Uruguay: Deportivo LSM

    Deportivo LSM will begin its journey in the Segunda División Amateur, the fourth tier of Uruguayan football.

    Football legends Lionel Messi and Luis Suárez have announced the creation of their own football club in Uruguay, “Deportivo LSM,” which will compete in the country’s official league system under the Uruguayan Football Association (AUF) starting in 2026.

  • Monday, May 26th 2025 - 10:04 UTC

    Paraguay seeks to become logistics hub for South America

    “We want to extend logistics beyond Asunción,” Maluff explained

    Paraguay last week launched the upcoming Expo Logistics 2025 to be held on June 11 and 12 at the South American Football Confederation facilities in Luque. At the event, the South American country will be positioning itself as a regional hub by leveraging its strategic location and enhancing its transportation infrastructure, Vice Minister of Trade and Services Rodrigo Maluff said while announcing initiatives to modernize the Paraguay-Paraná waterway to connect trade from Bolivia and Brazil’s Mato Grosso regions, reducing cargo transfer times to markets like Southeast Asia by up to 40%.

  • Friday, May 23rd 2025 - 10:27 UTC

    Telefónica sells Movistar Uruguay to Millicom

    The move was a part of Telefónica's large-scale departure from Latin America

    The Spanish company Telefónica, through its subsidiary Telefónica Hispanoamérica, sold its Movistar Uruguay business to Millicom, a Luxembourg-based company operating under the Tigo brand, as part of its strategy to reduce its presence in Latin America. The transaction, announced to the Spanish National Securities Market Commission (CNMV), is now subject to regulatory approvals. It is also a part of Telefónica's asset divestment plan, following sales in Argentina, Colombia, and Peru in 2024, totaling over US$2 billion.

  • Tuesday, May 20th 2025 - 10:07 UTC

    Uruguay reaches agreement with railroad building consortium

    “It is up to us, in this new stage, to find a way out,” insisted Orsi

    The Uruguayan Government of President Yamandú Orsi Monday reached an agreement with the Grupo Vía Central consortium to resolve a dispute over unpaid debts regarding the Central Railway project, thus avoiding international arbitration, it was announced in Montevideo.

  • Thursday, May 15th 2025 - 10:04 UTC

    Paraguay: Maquila Regime yields encouraging results

    Interannually, 6,795 workplaces were created under this manufacturing regime, where 100% of its output is for export

    In Paraguay, exports under the Maquila regime totaled US$ 388 million as of April 2025, a 13% yoy increase driven mainly by auto parts, textiles, aluminum products, food, and plastics, currently generating 32,712 direct jobs, a 26% growth from the previous year.

  • Wednesday, May 14th 2025 - 11:24 UTC

    Falklands Consolidated Fisheries Trust awards applications close 31st May

    Eimear Smith and Mark McLeod recently completed their courses to be able to provide climbing instruction to the community.

    The Falkland Islands Consolidated Fisheries Ltd., over the past five years has made 23 awards assisting individuals in further education and training, which in the long-term will benefit the Falklands community.

  • Saturday, May 10th 2025 - 07:58 UTC

    Brazil eyes railroad to Chancay to facilitate trade with China

    Xi Jinping supports this project as part of China's trade expansion in the region

    Brazilian and Chinese authorities are evaluating the construction of a railroad to the Chancay mega-port in Peru through Acre, near Bolivia, to Bahia on the Atlantic coast, which would reduce the maritime trade distance to Asia by approximately 10,000 kilometers while easing reliance on the congested port of Santos, Planning Minister Simone Tebet explained.

  • Monday, May 5th 2025 - 10:24 UTC

    Fully electric China Zorrilla ship launched in Australia

    The China Zorrilla is due in Uruguay in Q4 of 2025

    The China Zorrilla, the world’s largest 100% electric ferry, was launched on May 2, 2025, at Incat’s shipyard in Hobart, Tasmania, Australia. Commissioned by Buquebus, the 130-meter vessel will connect Argentina and Uruguay across the River Plate, carrying up to 2,100 passengers and 225 vehicles. The vessel is due in Uruguay in the last quarter of 2025. It was the ninth unit Incat has built for Buquebus.

 

 

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