“It is fantastic news,” said Demir Lourenco, terminal manager at Wilson,Sons’ Tecon Salvador terminal in Bahia, “and it is an early Christmas present for all of us.”
“It opens up the possibility for companies in Brazil to spend much more money on equipment and reinforces the government’s support for the investment that companies like Wilson, Sons are making in ports and infrastructure in the country. With some equipment it is possible to save up to 70% of the overall costs with Reporto and there were genuine worries that it might not be renewed.”
Paulo Simoes, APM Terminals’ general manager for terminal investments and projects in Brazil agreed that the Reporto extension was “fantastic news” for terminal operators. “We have just ordered eight ship to shore (STS) gantries for our Brasil Terminal Portuaria (BTP) joint venture with MSC which will open in 2012. We will save around US$40m because with Reporto we will pay around US$8m per crane compared to paying close to US$13m without Reporto.