Ukraine War Enters New Phase With Oil In The Crosshairs
By Daryna Krasnolutska (Bloomberg) Russia and Ukraine may have struggled to shift things significantly on the battlefield for more than 16 months, but a new phase of the war is moving...
On 19 July, Brasil Terminal Portuário (BTP) received an Operating License to begin operations with its multipurpose terminal located on the right bank of the Port of Santos. BTP is a $1.8 billion joint venture between Terminal Investment Limited (TIL) and APM Terminals.
“We have just reached a fundamental stage for the start of operations,” says Henry Robinson, CEO of BTP.
“It has been almost six years of studies, project definition, remediation process and civil works for the construction of the terminal to reach this result” [IBAMA Ìs Operating License].
“Now, we are ready to start commercial activities. The next step is the fulfillment of dredging in the evolution basin and channel so we can deliver a modern and efficient terminal that will allow higher handling capacity for the Port of Santos,” concluded Robinson.
The operating permit covers phase 1 of the terminal, that comprises berthing fronts, 400m of quay, 140.000 m2 of yard, administrative buildings and support facilities such as gates IN/OUT, power substations, filling station, cargo warehouse and workshops for vehicles maintenance.
The following is a video of the cranes being shipped into the port in September 2012:
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