22% revenue growth for Portonave

Portonave – Terminais Portuários de Navegantes – increased its net operating revenue from port operations by 22% to a total of R$333.7m (US$149m) last year, even though the local currency was devalued against the dollar and lower-than-expected Brazilian GDP growth of just 2.3%.

According to the company’s head of administration, Osmari de Castilho Ribas, “Portonave continued to record container handling and revenue growth, despite fierce competition and the unfavourable economic scenario”. The terminal handled 705,790 teu in 2013.

The facility continued to handle more cargo than any other port in Santa Catarina, accounting for 45% of the total, fuelled by operational progress. The company invested R$80m (US$36m) in new equipment to expand its capacity, with the acquisition of three new ship-to-shore cranes and five rubber tyred gantry cranes helping to break its productivity record.