Port of Antwerp, through its subsidiary Port of Antwerp International (PAI), will invest US$ 10 million in Açu Port, a privately-owned port complex in São João da Barra, in the northern part of Rio de Janeiro State, Brazil.
Açu Port is an industrial deep-sea port for the handling of oil, gas, dry bulk, containers and general cargo, serving as a support centre for the Brazilian offshore sector as it's in the vicinity of the Campos Basin's oil and gas fields.
It is well positioned to serve the European, US and Asian market and supplies trade for a Brazilian population of more than 200 million people.
Brazil is an important maritime trading partner for Antwerp as more than 6.4 million tonnes of freight are exchanged on an annual basis.
Port of Antwerp stated: “This investment confirms the strong long term commitment of the Port of Antwerp towards the Brazilian market.
“PAI chose for Porto do Açu, amongst others, because of its strategic location near oil and gas fields and the proximity to Minas Gerais, the gateway to Brazil.
“Furthermore, the project in Açu is an example of a successful private and already operational greenfield port, developed by a reliable partner with a strong focus on sustainability.
“Finally, it is a unique opportunity for PAI to further co-develop the port while enhancing the position of Antwerp in Latin America as a preferential port for the continent.”
A National Plan for Port Logistics (PNLP) was proposed by Brazil’s Special Ports Ministry (SEP) in 2015. It outlined more than US$10 billion in investments for the port sector up to the year 2042.
Just before the proposal, Brazilian port operator Prumo Global Logistics received more than US$800 million of funding for its subsidiary Porto do Açu Operações in order to complete an expansion of Açu Port.