SAAM, the Chilean ports, logistics and towage group, expects to invest up to $140m in the new financial year with the emphasis on the ports sector.

Terminals singled out for investment include San Vicente Terminal Internacional (SVTI) and San Antonio Terminal Internacional (STI) in Chile and Ecuador’s Terminal Portuario de Guayaquil.

SAAM said it would also be looking to expand and renovate its towage fleet which is currently the fourth largest in the world.

“SAAM