SAAM

SAAM unveils 2030 Sustainability Strategy

SAAM marked its 63rd anniversary by unveiling its comprehensive 2030 Sustainability Strategy, reinforcing its commitment to sustainable growth with a clear, actionable plan and measurable goals.

The strategy is built on four pillars: Reportability and Risk Management – People and Social Engagement – Environment and Climate Action – Sustainable Development and Projects.

“Our goal is to become a leading global operator in the towage business. Sustainability is a key component of our management....

https://container-news.com/saam-unveils-2030-sustainability-strategy/

SAAM records over US$420 million in revenue in 2024 so far

SAAM has achieved improved financial results in the first three quarters of the year, with revenue of US$427 million and EBITDA of US$137 million, translating to year-on-year increases of 8% and 14%, respectively.

In the third quarter, the company’s revenue totalled US$143 million (+4%) and EBITDA was US$47 million (+14%), while net income reached US$12 million.

“Our towage division is continuing to consolidate recently acquired operations and has performed steadily, even with the greater weather...

https://container-news.com/saam-records-over-us420-million-in-revenue-in-2024-so-far/

SAAM achieves historic annual net income exceeding US$500 million

SAAM, a world-class towage provider, achieved its highest-ever net income of US$501 million in 2023, primarily attributed to the sale of its port and logistics assets to Hapag-Lloyd.

This transaction resulted in a net gain of US$422 million. Total sales for the year amounted to US$540 million, marking a 17% increase compared to the previous year. Additionally, the company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) reached US$160 million, surpassing the prior year...

https://container-news.com/saam-achieves-historic-annual-net-income-exceeding-us500-million/

Chile makes history with first electric tug in Latin America

Empresa Nacional del Petróleo (ENAP), a company engaged in the exploration, production and marketing of hydrocarbon products and their derivatives and SAAM, through its tugboat division SAAM Towage, have inked a service deal that will make Chile the first country in Latin America with an electric, and therefore emission-free, maritime tugboat.

The new tugboat is anticipated to start operations in Chile within the next 18 months.

“ENAP’s access to this service, which is unprecedented in Latin...

https://container-news.com/chile-makes-history-with-first-electric-tug-in-latin-america/

Chilean box terminal enhances container capabilities with new equipment

Two ship-to-shore (STS) super post panamax (SPP) and two electric rubber tyred gantry (RTG) cranes arrived on board the Zhen Hua 24 after a journey of almost 19,000 kilometers from China to the port of San Antonio in Chile.

The new equipment will enhance San Antonio Terminal Internacional (STI) capabilities and increase its box capacity to 1.6 million TEUs. This US$23.5 million investment in new machines will make STI the only terminal in the country with the capability to handle two SPP vessels...

https://container-news.com/chilean-box-terminal-enhances-container-capabilities-with-new-equipment/

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