Antwerp to invest $10m in Port of Açu
Port of Antwerp International (PAI) will invest $10m in the Port of Açu in Brazil
The Port of Antwerp, through its subsidiary Port of Antwerp International (PAI), is set to invest $10m in the Port of Açu in the state of Rio de Janeiro in Brazil.
The industrial deep-sea port was chosen by PAI, among other reasons, because of its strategic location near oil and gas fields and its proximity to Minas Gerais, the gateway to Brazil.
PAI will receive 1,176% of the share capital in the investment, and also has the opportunity to invest additionally after 18 months at its sole discretion.
It will also appoint one member of the board of directors and four managers of the Port of Açu, as well as providing consultancy services.
The port, which handles oil, gas, dry bulk, containers and general cargo, also serves as a support centre for the Brazilian offshore sector because of its proximity to the Campos Basin.
It has a surface of 130 km², 40 km² of which is natural reserve, and also has the potential to operate 17 kilometres of dock with a maximum depth of 25 metres.
It also has the capacity to receive very large vessels including capesizes and VLCCs.
Construction of the port complex began in 2007 and the first operations commenced in 2014.
PAI, a subsidiary of the Antwerp Port Authority, was created in order to participate and invest in overseas ports and port-related projects in strategic regions, as part of the port’s foreland policy.
Over 6.4 million tonnes of freight are exchanged between Brazil and the Port of Antwerp each year.
Links to related companies and recent articles ...
- Antwerp to invest $10m in Port of Açu
- Blockchain solution for container security
- South Europe handles most container volume
- Antwerp cements China ties
- Electric straddle carrier order
- Antwerp on track for record 2016 volumes
- €650m investment in Antwerp facilities
- Antwerp invests in West Africa
- Antwerp to collaborate with Bandar Abbas
- Keeping pace
- The right chemistry
- Brussels bombs: ports maintain resilience
- Largest EU ports support moves on sulphur
- Ports prepare for arrival of LNG-fuelled ships
- Essar and Antwerp ally for growth
- DP World to sell Antwerp break bulk stake
- Antwerp port rep wins Chinese award
- Antwerp looks to consolidate US market share
- First LNG bunkering at Antwerp
- Antwerp and Panama extend collaboration
- Ports partner up to provide LNG
- DNV and Antwerp team up on bunkering
- Antwerp wins WPTS environment award
- First sustainability report for Antwerp
- GreenPort Congress 2013 approaches
- Antwerp Green Week arrives
- A soft target
- Chemical reactions
- Stealth tactics
- A need for global standards
- Cargo speaks volumes
- Breakdown in Belgium
- Belgium battered by another strike
- Antwerp in docker training collaboration
- Breaking the mould
- Delays abating at Rotterdam and Antwerp
- Antwerp investigates dockworker deaths
- Forward plan to manage transitions
- Antwerp grants ‘green’ discount
- Call for creative and connected thinking
- Antwerp celebrates LNG first
- Port co-operation and mega-ships
- Antwerp bucks downturn trends
- Exploratory mission to Iran
- The complete package
- LNG bunkering alliance
- EU ports enter LNG joint venture
- Antwerp moves towards permanent LNG station