Court ruling stops YPF to save $70 million on new river transport contract

A judicial setback stopped YPF to save at least $70 million on a new river contract to transport fuel to northwestern Argentina. The case in question has to do with a bidding process carried out by the oil company last year, which awarded the service to the Horamar Shipping Company, which had offered a contract of $67.2 million, which implies a saving of $72.8 million concerning the previous rate of the National Shipping Company, worth $140 million per year.

Source: La Nación