Port of Santos nears half a million TEU mark in September

Port of Santos nears half million TEU mark in September

The Port of Santos in Brazil has handled 486,300 TEU in September setting a new historical record.

The figure sits above last year’s results by 20.7 per cent, and 6.5 per cent above compared to the previous record set in August 2022.

Year-to-date growth reached 4.9 per cent compared to the same period in 2021, totalling 3.7 million TEU – the best result ever registered for this period.

Cargo handled in the month totalled 13.6 million tons, a 14.9 year-on-year surge. This was the highest monthly mark for the month of September.

At the current growth rate, the port authority anticipates surpassing the annual record of last year’s total (147 million tons).

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The movement of ships in the year came to 3,899 vessels, 6.9 per cent above the previous year (3,646 ships).

The accumulated share of the Port of Santos in Brazilian trade was 28.9 per cent ($132.8 billion).

Around 30.5 per cent of domestic commercial transactions with foreign countries that passed through the port complex had China as a partner country ($40.58 billion).

São Paulo was the state with the highest participation (53.8 per cent) in foreign trade transactions through the Port of Santos, reaching $71.54 billion.

In September, the Brazilian National Waterway Transport Agency (ANTAQ) approved the public concession process for the Port of Santos.

The project is being structured to provide BRL6.3 billion ($1.2 billion) in new investments, of which BRL2.1 billion ($406 million) will be allocated to port infrastructure and BRL4.2 billion ($813 million) to the construction of a submerged tunnel that will connect the cities of Santos and Guarujá.

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