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Wilson,Sons take control of Tecon Salvador SA

Wilson,Sons take control of Tecon Salvador SA

As a result, Wilson,Sons Limited becomes the sole owner of 100% of Tecon Salvador S/A’s total share capital, through its subsidiaries in Brazil – Wilport Operadores Portuários S.A. (Wilport) and Sobrare Servemare S.A. (Sobrare). This move is in line with Wilson’s strategy to continuously foster growth in the port terminals segment and its participation in all port privatisations in Brazil.

Wilson also owns Tecon Rio Grande (TRG), which in 1997 won the bidding process to manage and operate the container terminal in the Port of Rio Grande for 25 years, renewable for another 25 years.

Tecon Salvador S.A. has a 25+25 year concession for the container and general cargo terminal (terminals PS-3 and PS-4) in the Port of Salvador, located in the Bay of Todos of Santos in Northeast Brazil. The company started operations March 2000 when it won the bid to operate the CODEBA container terminal and over the past eight years has invested more than US$29m in civil works and equipment, including the purchase of two gantry cranes and the construction of a 4,000 sq m warehouse. In 2007 the terminal handled 253,535 teu.

The terminal comprises two berths with 12 m depth alongside and occupies a total area of 7.4 ha (with an additional 100,000 sq m depot area outside the port for empty containers) and handles the majority of containers in the Port of Salvador. Terminal equipment currently includes two (2002) ZPMC container cranes, nine reachstackers (six high), four empty handlers and two RTGs, with the intention to gradually change from reachstacker to RTG operations.

With vessels becoming larger, negotiations are on-going with the port authority for an extension of the concession period in order to justify a further expansion of the terminal to accommodate 5,500 teu vessels. The company believes that two large container berths with 15 m depth alongside are needed to enable Salvador to compete with other national ports and in turn become a significant transhipment port.