SAAM reported a successful financial year in 2024, with net income from continuing operations of US$59.2 million, reports Container News.
Integrating Assets
SAAM successfully integrated assets from Starnav (Brazil) and Pertraly (Ecuador) in the past year. They also gained US$479 million in net income from selling their port terminal and inland logistics operations in August 2023. The company’s board proposed a final dividend of US$39.2 million, bringing the total dividends for the year to US$59.2 million.
SAAM’s CEO, Macario Valdés, stated that 2024 was a successful year, with continued progress in consolidating their leadership in towage and becoming a major air cargo logistics provider. They focused on integrating new assets and strengthening internal capabilities for future growth.
Key achievements included distributing US$270 million in dividends, introducing electric tugboats, establishing Operational Control Centers for towage, improving risk and process management, and launching their 2030 Sustainability Strategy.
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Source: Container News
