Recent times have seen significant activity with the announcement of new concessions and others that have been extended. A summary of the more notable developments follows. The big news of TIL/Blackrock’s purchase of a majority stake in Hutchison Ports’ assets outside China is featured on pxx.
Brazil, IGO2 Terminal, Itaguai: The signing of the concession contract for the ITGO2 terminal in Itaguai, Rio de Janeiro in late February was attended by the country’s president Luiz Inacio Lula da Silva. The new terminal is primarily intended for the handling of iron ore with initial investment put at R$3.6 billion rising to R$10 billion over time. The terminal will be developed to handle over 20 million t/yr.
Chile: San Antonio Terminal Internacional: The San Antonio Terminal Internacional (Sti), operated by a joint venture of Seattle-based SSA and Chile’s SAAM, has had its concession contract extended through to 2030. This follows investments made to raise capacity at the three berth facility by 30% to 1.6m TEU/yr.
Congo-Brazzaville : AD Ports has formed a joint venture, in which it is the majority partner, with CMA CGM to develop, manage and operate the New East Mole multipurpose terminal at the Port of Pointe Noire.
India: Vadhvan Port. Hyundai Merchant Marine (HMM) & the Jawaharlal Nehru Port of India(JNPT) have signed a MOU to work together to develop the large-scale port project at Vadhvan, India. Offering a depth of 20m, this project envisages nine container terminals and is aimed at becoming one of the world’s top 10 containerports by 2040.
Kazakhstan: Sarzha Grain Terminal. AD Ports has signed a foundation agreement with Semrung Invest LLP (Semurg) to develop a new greenfield grain terminal at Kuryk Port. AD Ports is a 51% shareholder in the project and Semurg 49%. Initial capacity will be 570,000 t/yr rising to 1.5m/yr in a second phase. Cost is put at US$50m.
Philippines: Mindanao Container Terminal. Building on a string of Philippines-based terminal developments reported in 2024, including the construction of a new terminal at Bauan, Batangas which will become the country’s second largest port facility next to Manila, in late December International Container Terminal Services Inc (ICTSI), reported a 25-year concession to operate the Mindanao Container Terminal. ICTSI plans to invest over US$100m in terminal upgrades including a new 300m berth.
