The U.S. Federal Maritime Commission (FMC) said an amendment to a joint venture agreement between two marine terminals at the Port of San Juan in Puerto Rico will become effective today.
The FMC did not stand in the way of the formation in late August 2019 of the 50/50 joint venture between Luis Ayala Colon and Puerto Rico Terminals to form Puerto Nuevo Terminals (PNT), a affiliate of TOTE Maritime, despite competition concerns by some commission members.
However, the maritime regulator said it...
https://www.freightwaves.com/news/puerto-rico-terminal-joint-venture-stays-the-course