January 15 - Höegh Autoliners has signed a memorandum of understanding (MoU) with the Sola family - owners of SC Line and Fast Terminal International - to strengthen ro-ro and breakbulk services between the USA, Caribbean, Mexico, Panama and Venezuela.
The intention is that Höegh will acquire the ocean service operated by SC Line out of Port Everglades and Mexico to a wide range of destinations in the area. This service will be combined with Höegh's existing regional operation via its hub in Kingston, Jamaica.
The new service will be managed from the current SC Lines offices in Panama and Miami.
At the same time, through its wholly-owned subsidiary Horizon Terminal Services, Höegh will acquire 50 percent of Fast Terminal International, which operates ocean and inland terminals in Colombia, and 100 percent of Fast Terminal International's ro-ro terminal in Port Everglades.
Two of Höegh's 4,200 ceu capacity PCTCs - Höegh Masan and Höegh Inchon - are being positioned in the region, with the first vessel scheduled to begin loading in Port Everglades next week, with subsequent voyages taking place every 15 days.