Friday , 20 September 2019
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The continuing recovery of international trade and strong domestic demand for foreign goods this year has pushed up cargo flows through Santos, Brazil’s largest port. Within the port, Tecon Santos – Santos Brasil S.A (SBTP) located on the left bank, is the biggest container terminal in Brazil, handling approximately 18% of the country’s total throughput.

Another record for Santos Brasil

The terminal has just reported Q3 net revenues of R$244mn (US$141m), 10% above estimate, and anet income of R$47m, 28% above estimate. During the period, it handled 276,339 containers, up 45.2% year–on-year of which 78% of these were full and 9% ahead of forecasts due to continuing large volumes of imports.

Thanks to the strong volumes and a continuing positive outlook, SBTP has revised it guidance for 2010 to include volumes of 1.4m teu, up from 133m teu and 5% above forecast and EBITDA of R$320m, up from R$290m previously.

In addition, SBTP has increased its Capex budget to R$173m (up from R$137m and 26% above forecast), although the increase is in large part due to the acceleration of investment in Imbituba in order to ensure that construction is completed by mid-2011.