INTERNATIONAL Container Terminal Services, Inc. (ICTSI) on Thursday said its container terminal in Buenos Aires, Argentina signed a contract with Taiwanese shipping line Evergreen Marine Corp. Taiwan Ltd. to launch shipping service to Asia and the Far East.

The listed company said in a statement on Thursday that Tecplata S.A., the operator of its terminal in Buenos Aires, Argentina, has “signed a contract with Evergreen Marine Corp. Taiwan Ltd. for the start of a new service to Asia and the Far East.”

ICTSI noted that the new service to Asia and the Far East will give Argentine companies new options for their exports and imports “while taking advantage of TecPlata’s high quality service and modern facilities.”

TecPlata began operations with Brazilian shipping line Log-In in April last year. The TecPlata and Evergreen partnership is expected to enhance the services being offered to the Argentine foreign trade operators, ICTSI said.

“Evergreen will carry out this new service in collaboration with Log-In, connecting with the largest ports in China, Taiwan, Japan, South Korea, India and others in Southeast Asia,” it added.

Located 60 kilometers from Buenos Aires, TecPlata is considered the most modern port in Argentina. Around $450 million was invested in the port, which has an initial capacity of 450,000 twenty-foot equivalent units (TEUs). — Arjay L. Balinbin