Reuters reports that China plans on making a billion-dollar investment in port of Sao Luis via China Communications Construction Company, in Brazil, part of the largest foreign direct investment into Brazil this year. The announcement will be made during the meeting of leaders from Brazil, Russia, India, China and South Africa, the BRICS group of emerging nations.
As APM Terminals Itajaí, Brazil released more than 31,000 vehicles in September, celebrating its first year on ro-ro operations; The terminal achieved a productivity record, unloading 961 vehicles from the American Highway ship at 05.40 on September 7.
The Philippines-based International Container Terminal Services announced its decision on operating, managing and developing the Terminal de Contêineres 1 in the Port of Rio de Janeiro, under a deal with Boreal Empreendimentos e Participações S.A.
The Chinese Port of Guangzhou and Brazilian Port of Acu entered an agreement on May 8, establishing a sister-port relationship. With the sign of this agreement, Acu will establish a much closer cooperation regarding information exchange and collaborative development with Guangzhou. This development is considered important for the Maritime Silk Road.
The ‘BBC Amethyst’ anchored in Porto do Açu, Brazil, becoming the first ship to make the big crossing from Antwerp to the Brazilian sea port. This is considered an important achievement for the Port of Antwerp and the local partners who invested in the Brazilian port. Antwerp and the Brazilian ports combine to ship about 6.2 million tonnes of goods every year.
Brazil has closed a port terminal operated by miner Vale SA in Vitoria, in the southeastern state of Espirito Santo, Brazil. Specifically, Vitoria fined the company 35 million reais ($9.5 million) for throwing mining residues in the sea. Commenting on the development, Vitoria Mayor Luciano Rezende noted that ‘pollution cannot be justified by tax revenue any more’.
China Merchants Port Holdings Company Limited completed acquisition of Paranaguá Container Terminal in Brazil, the biggest so far in Brazilian and Latin American port sector. On 22 February, the signing of the letter of intent closed the TCP transaction in the Federal Senate of Brazil.
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