Huge Port Envisioned by Billionaire Tycoon Opens in Brazil – Without Him

By Jeb Blount SAO JOAO DA BARRA, Brazil, June 8 (Reuters) - The launch this week of Prumo Logistica's $3.7 billion Port of Açu, the largest in Latin America, marked the revival of a Brazilian logistics hub many thought doomed when the empire of its former billionaire owner collapsed. Açu's more than 25 km (15.5 miles) of docks, piers and breakwaters is a much-needed step … [Read more...]

Petrobras to Use Edison Chouest Offshore Base at Brazil’s Açu Port

RIO DE JANEIRO, May 13 (Reuters) - Brazil's state-run oil company Petrobras will use offshore docks operated by U.S. ship-leasing company Edison Chouest to handle oil-service vessels at the Brazilian Port of Açu, the head of the company that owns the port said on Wednesday. The decision to use the Edison Chouest facilities at Açu will help Petroleo Brasileiro SA, as the oil … [Read more...]

Brazil’s Acu Superport Realized Without Batista Pageantry

By Juan Pablo Spinetto (Bloomberg) -- The last of the 66 meter-long (217 feet) concrete blocks sit ready to be towed out to sea as work on Latin America’s most expensive private port draws to a close. For the project’s mastermind, a flamboyant opening ceremony couldn’t be further from reality. The 6.3 billion reais ($2.4 billion) Acu port project in Rio de Janeiro state … [Read more...]

Batista Quits As LLX Chairman

SAO PAULO, Aug 28 (Reuters) - Brazilian tycoon Eike Batista quit as chairman of Brazilian port operator LLX Logística SA on Wednesday, after agreeing to sell control of the company to U.S. investment firm EIG Global Energy Partners LLC earlier this month. Batista, 56, and close adviser, Aziz Ben Ammar, have relinquished their seats on the company's board, according to a … [Read more...]

Kingfish Cancels 11 Tanker Order at OSX Brasil’s Açu Shipyard

London-based Kingfish Trading has cancelled an order for 11 tankers that were to be constructed at OSX Brasil's Açu shipyard, OSX said in statement late Friday. Kingfish ordered the 11 medium-range, 45,000 DWT tankers from OSX in March 2012 for $732 million. The vessels were to be built at OSX's Açu port complex, which is under construction in  northern Rio de Janeiro … [Read more...]