RIO DE JANEIRO, Aug 18 (Reuters) - Brazilian authorities widened their Car Wash graft probe on Friday to include more international targets, ensnaring U.S. asphalt maker Sargeant Marine, six Greek shipping companies and a former Brazilian congressman. "These operations leave a clear message: foreign firms will not be spared by Car Wash," Prosecutor Athayde Ribeiro Costa said … [Read more...]
Brazil Ends Decades-Old Maritime Transport Pact with Chile
BRASILIA, July 31 (Reuters) - The cost of shipping goods between Brazil and Chile is expected to fall by about 5 percent with the 2020 expiry of a pact that limited trade to ships registered in either country, the Brazilian industrial lobby CNI said on Monday. Last week, Brazil's foreign trade chamber CAMEX decided not to renew the 1975 pact, and to allow cargo to be … [Read more...]
Capesizes Sent Packing After Accident at Brazil Iron Ore Terminal
By Alberto Alerigi and Gustavo Bonato SAO PAULO, April 19 (Reuters) - The loading of iron ore at Brazil's Itaguaí terminal operated by mining and steel firm Companhia Siderúrgica Nacional has been halted since Saturday due to an accident, sources and the Itaguaí Port Authority told Reuters on Wednesday. Four to five Capesize bulk carriers that were waiting to load iron … [Read more...]
Terminal Gives Timely Boost to Brazil’s Soy, Sugar Shipping Capacity
By Gustavo Bonato SANTOS, March 14 (Reuters) - A new terminal near completion in Latin America's largest port in Santos, Brazil, is expected to add an extra 20 percent to its grains and sugar capacity, boosting shipping services just as the country produces bumper crops. The 2.2 billion reais ($694 million) Tiplam terminal started operations at a new berth in January and … [Read more...]
Europe Savors Taste of Brazilian Oil With More Blocks Opening
By Peter Millard (Bloomberg) -- European oil majors given a taste of Brazil may soon be ready for more. Norway’s Statoil ASA, Anglo-Dutch company Royal Dutch Shell Plc and France’s Total SA have paid billions since 2013 to gain access to Brazil’s fertile offshore oil riches. They’re now seen as having the best chance to expand when Brazil later this year auctions … [Read more...]
Svitzer Doubles Brazilian-Flag Tug Fleet
Towage company Svitzer has announced plans to more than double its fleet of Brazilian-flagged tugs in 2017, the company said Wednesday. The company also announced it will be starting a new service in Paranagua and has hired a new Managing Direct and Commercial Director for Brazil. Svitzer, which is part of Maersk Group, says this month two new Brazilian-flag tugs are … [Read more...]
Brazilian Shipbuilder Ecovix Files Bankruptcy
SAO PAULO, Dec 16 (Reuters) - Ecovix Engevix Construções Oceánicas SA and five subsidiaries have filed for bankruptcy protection in a federal commercial court, succumbing to a debt burden of 8 billion reais ($2.4 billion) and a plunge in shipbuilding. In a statement on Friday, Ecovix said Banco Brasil Plural SA and law firm Felsberg Advogados will advise it on bankruptcy … [Read more...]