The Port of Antwerp will invest $10m in the privately owned Brazilian Porto do Acu complex, cementing an already strong trade relationship between Brazil and Europe’s second biggest seaport.
Antwerp is making the investment through its subsidiary Port of Antwerp International (PAI), which will get a stake in the Brazilian port as well as the right to appoint one member to the board of directors and four managers.
PAI retains the option to further increase its stake and will provide consultancy services to Acu, which is located in Sao Joao da Barra in the north of Rio de Janeiro state.
Porto do Acu, which has been in operation since 2014, is a major industrial port complex handling oil, gas, dry bulk, containers and general cargo. It can receive Capesizes and VLCCs.
And it also serves as a support centre for the offshore energy industry.