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...]

Brazilian Ports Pause for Brazil’s World Cup Games

SAO PAULO, June 23 (Reuters) - Football fever is so intense in Brazil, the host of the World Cup soccer tournament, that even the main shipping ports in the commodity-exporting powerhouse are shutting down when the national team plays. In Paranagua, Brazil's No. 2 soy exporting port, the dock workers' union negotiated an ordinance that lets them stop working an hour before … [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...]

Dock Worker Strike Exposes Fragile Brazilian Ports

By Gustavo Bonato and Roberto Samora SANTOS, Brazil, Feb 22 (Reuters) - Dock workers returned to work at ports across Brazil on Friday after they disrupted the movement of global commodities with a six-hour strike in protest of the government's plan to overhaul regulations and privatize hundreds of terminals. The short-lived stoppage provided a glimpse of what could be a … [Read more...]

Brazil Ports Starved of Investment and Buried in Red Tape

By Anthony Boadle BRASILIA - Brazil's ports are among the slowest and most costly in the world due to poor infrastructure, high taxes, excessive red-tape and deficient road and rail access, the country's private transport sector said in a report. Lack of investment has resulted in inefficient ports where it costs $200 on average to load or unload a single container, … [Read more...]