CSN seeks partners for Santos port terminal auction

CSN (Companhia Siderúrgica Nacional), owned by billionaire Benjamin Steinbruch, is evaluating its entry into the dispute for the Tecon 10 terminal, the largest in Latin America, located at the Port of Santos.

Executives close to the entrepreneur say they are already looking for partners to form a consortium.

Acquiring control of the new terminal will reinforce CSN’s strategy for its logistics operations. The company controls the Transnordestina Railway, which operates the former Northeast Network of the Federal Railway Company. It is one of the largest customers of the Norte-Sul Railway, the backbone line that connects the Port of Itaqui (MA) to the Port of Santos (SP).

With the complete connection of the Norte-Sul reaching São Paulo, securing control of the largest terminal in the São Paulo port will make a difference for Steinbruch’s group, which would gain two options for shipping cargo.

TCU (Federal Court of Accounts) ministers are expected to rule on the auction model proposed by Antaq (National Waterway Transport Agency) and block the participation of global giants such as Maersk and TIL (MSC) in the first round of bidding.

This would create space for new entrants and groups operating at other Brazilian ports. Under the model expected to be approved by the audit court, competitors such as Maersk and TIL would be allowed to participate only if there are no interested bidders in the first round.

Source: UOL

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