Wilson Sons terminals sees 26 per cent growth in October

Wilson Sons terminals increase by 26 per cent in October

Wilson Sons has reported a strong growth in operations at its container terminals in October, with a 26.5 per cent rise in aggregated volumes last month compared to the same period in 2022.

Higher transshipment volumes, as well as increases in exports, imports, cabotage, and inland navigation, drove the outcomes.

In all, 103,000 TEU were processed. Wilson Sons reported that 870,000 TEU were handled in the first 10 months of the year, indicating a 14 per cent increase.

The Rio Grande Container Terminal, which serves the principal shipping lines that connect the South and the rest of Brazil to significant international markets, had a 131 per cent rise in transshipment and shifting activities in October.

Transshipment operations include linking two shipping lines by shifting containers between vessels in order to transport cargo to various locations throughout the world.

According to Wilson Sons, 13,400 TEU were handled last month, owing mostly to an increase in freight transshipment to and from Northern Europe.

READ: Wilson Sons nears 50,000 TEU at Rio Grande

Inland navigation increased by 43.1 per cent at Rio Grande Container Terminal, owing to increasing volumes of wood and resins.

Rio Grande also reported significant growth in exports. The increase was of 34 per cent, with larger volumes of resins and wood.

Imports increased by 25 per cent, with higher amounts of resins, chemicals, and parts and pieces. As a consequence, overall volumes at Rio Grande climbed by 37 per cent over the same time in 2022, totalling 63,000 TEU.

Salvador Container Terminal, which connects Brazil’s north and northeast to global trade, also fared well, processing a record 40,000 TEU in October. Total volumes increased by 13 per cent, owing mostly to increased transshipment and import and export shifts.

READ: Wilson Sons’ half-year profits jump 23 per cent

Transshipment and shiftings rose by 31 per cent at the Salvador terminal, with an increase in cargo from Morocco, India and Saudi Arabia, as well as cargo transported to the Port of Pecém, in Ceará.

Exports rose 8 per cent, with greater volumes of fruit, cotton and wood pulp, while imports increased 18 per cent, driven by solar panels, electrical and electronic goods, and chemical products.

Wilson Sons CEO, Fernando Salek, said: “We are seeing robust growth at our terminals, which reflects the commitment to the continuous improvement of our operating excellence. Our purpose is to serve our clients while pursuing long-term sustainable development oriented to the creation of value for our stakeholders.”

In August, Wilson Sons reported a 33 per cent rise compared to the same month last year, owing to the good performance of the Rio Grande and Salvador container terminals, which saw greater exports, imports, and cabotage volumes.

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