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APM take over at Brazil port
10 Jun 2008
APM Terminals has taken over Ceará Terminal Operator (CTO) the stevedoring and container terminal operating company at the Port of Pecém, in Northern Brazil.
CTO was established as a consortium at Pecém five years ago for fruit exports.
The Port of Pecém is the closest Brazilian port to the US, the Caribbean, and Europe with transit times as short as six days to both the ports of New York and Algeciras.
