Latest News for Grupo TMM Stock (OTC:GTMAY)

Grupo TMM SA is an integrated logistics and transportation company in Mexico. It provides dynamic ocean transportation services to various international and domestic clients. The company operates through four segments namely Maritime division, Logistics division, Ports, and terminals division and Warehousing division. The Maritime division includes transportation of bulk liquid products, materials, provisions for drilling platforms, and towing services for ships. The Logistics segment provides trucking services to various manufacturers and retailers. Operations at ports and terminals assist in loading and unloading, storage at maritime port terminals, and shipping agency operations. The warehousing segment includes storage and management of the facilities and bonded warehouses.

GRUPO TMM SAB ADR A NEW by Grupo TMM S.A.B.

Grupo TMM SA

<p>TransCanada (NYSE: <a class="ticker" href="/stock/trp#NYSE">TRP</a>), Sierra Oil &amp; Gas and Grupo TMM Propose New Refined Products Storage and Transportation Infrastructure in Mexico MEXICO CITY, MEXICO--(Marketwired - Aug 2, 2016) - Media Advisory - TransCanada Corporation (TSX:TRP) (NYSE: <a class="ticker" href="/stock/trp#NYSE">TRP</a>) (TransCanada), Sierra Oil &amp; Gas and Grupo TMM (BMV:TMM A) (OTC PINK: <a class="ticker" href="/stock/gtmay#OTC PINK">GTMAY</a>) today announced they are proposing to jointly develop storage and transportation infrastructure to serve the growing demand for refined products such as gasoline, diesel and jet fuel in the central region of Mexico and surrounding markets.</p>
<p>The proposed US$800 million project would be the largest single investment in refined products since the establishment of the Mexico energy reform. It involves transporting refined products into central Mexico from the Gulf Coast, providing energy security, jobs and economic growth in the country. TransCanada will hold a 50 per cent interest in the project, with Sierra Oil &amp; Gas holding 40 per cent and Grupo TMM holding 10 per cent.</p>


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Latest News for Grupo TMM Stock (OTC:GTMAY)

Tuesday, August 02, 2016