Port of Rotterdam Authority to buy into Brazilian port

Port of Rotterdam Authority to buy into Brazilian port

The Municipality of Rotterdam and the Netherlands’ Ministry of Finance have approved the Rotterdam Port Authority’s (RPA) plans to acquire a shareholding in the Northeast Brazilian port of Pecem.

According to a press release, the RPA plans to invest some €75 M to buy 30% of Pecem port’s share capital. In addition to the equity interest the Rotterdam port landlord will obtain joint control of strategic decisions and positions at executive board, supervisory board and management level.

The dedicated container terminal at Pecem is operated since 2008 by APM Terminals. APMT Pecem offers a berth length of 760 m, according to Alphaliner, and it is fitted with two large ship-to-shore gantries. Last year, the terminal handled a box volume of 209,000 teu, up 22% from 2016.

Pecem is an important gateway for fruit exports with a special focus on melons and mangoes.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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