Tuesday , 21 January 2020
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Port of Antwerp invests in Brazilian Port of Açu
Açu was chosen for its proximity to Minais Gerais

Port of Antwerp invests in Brazilian Port of Açu

The Port of Antwerp plans to invest US$10m in Porto do Açu, a deep sea port which handles oil, gas, dry bulk, containers and other general cargo, in Rio de Janeiro state.

The investment in the privately owned greenfield port complex will be made by the Belgian hub’s subsidiary, the Port of Antwerp International (PAI).

According to the statement from the port authority, PAI chose Açu “because of its strategic location near oil and gas fields and the proximity to Minas Gerais, the gateway to Brazil”.

The port serves as a support centre for the Brazilian offshore sector due to its location to the Campos basin. It has a surface area of 130 sq km of which 40 sq km is natural reserve, and the potential to operate 17 km of dock with a maximum depth of 25m. It also has the capacity to receive very large vessels such as Capesizes and VLCCs.

For this investment PAI will receive 1,176% of the share capital. PAI has the option to invest additionally after 18 months at its sole discretion. It will also appoint one member of the board of directors, four managers of Porto do Açu and will provide consultancy services.

More than 6.4m tonnes of freight are exchanged on an annual basis between Brazil and the Port of Antwerp, placing Brazil in sixth place as a worldwide trading partner.

PAI was set up to participate and invest in overseas ports and port-related projects in strategic regions such as Brazil, as part of the port’s foreland policy.