A PYMNTS Company

Uruguay: Montevideo port operators square off

By  |  February 16, 2016

Competition turns aggressive in the large port of Montevieo, as harbor operator Montecon has accused its main rival, Katoen Natie, of trying to build a monopoly over the port through “threats” directed towards the National Port Administration’s (ANP) authorities.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    “Katoen Natie doesn’t want any competition, and they have done all they can to stop it.” said Juan Olascanga, General Manager for Montecon. The ANP, he pointed out, owns 20% of the Cuenca de Plata Terminal, of which Katoen Natie is the majority owner.

    Katoen Natie responded to the accusations, rejecting them outright and saying that “these come from the Montecon company, which since 2008 has been using public infrastructure without holding any kind of contract, refusing at all times to submit their permits for this use at the Montevideo port to the competitive process required by law.”

    Full content: Montevideo

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.