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New Opportunities on Port Development in Brazil

  • Market Insight 01 June 2021 01 June 2021
  • Americas

  • Projects & Construction

Although the port industry has suffered with the crisis in the oil & gas market, it has shown significant improvements and an increase in its capacity as of 2018 and onwards.

 New Opportunities on Port Development in Brazil

Market Overview

Despite the Covid-19 pandemic, the Brazilian ports handled a total of 1.15 billion tons of cargo in 2020, representing a 4.2% increase in relation to 2019, according to the statistics provided by the Brazilian National Waterway Transportation Agency (ANTAQ).

The experts' view is that these numbers will continue to increase in the following years.

Regulatory Framework

The current Brazilian Port Law (Law n. 12.815/13) was enacted on 5 June 2013 and has brought significant changes to the regulation of Brazilian ports.

Amongst the changes to the previous regulatory regime, there has been the removal of the uncertainty on whether private terminals could handle third party's cargos (as opposed to handle mainly their own cargo).

The new Brazilian Port Law clearly states that private terminals are authorised to handle any cargo, including the property of other companies. This has increased competition and the level of investment in the Brazilian private ports.

New Opportunities for Foreign Investors

There is a deep-water greenfield private port being developed in the state of Espirito Santo, near the border with the state of Rio de Janeiro, Brazil.

This industrial complex is called Porto Central and it started with a joint-venture between the Port of Rotterdam from the Netherlands and the company TPK Logistica S.A.

The location of the port is very strategic, as it is close to Brazil’s major offshore oil & gas fields, allowing it to be an efficient base for offshore support and oil handling and storage (including a transhipment hub to major oil & gas players in the Campos basin). The location also offers proximity to the main iron ore producing areas, as well as the main agricultural regions (Minas Gerais and Sao Paulo).

The project is being designed to be fully sustainable and aims to operate as a multi-purpose port, offering services and structures in the areas of oil & gas, mining, cellulose, containers, and renewable energy such as green hydrogen, amongst others.

Porto Central has now completed its environmental licensing (approved by the Environmental Agencies) and the estimate is that it will start its operations in 2023/2024. This is a good opportunity for players wanting to invest in first-class port/ industrial projects in Brazil.

For more details on the above please feel free to contact the authors of this article below. 


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