Court orders diesel auction at Itaqui port to recover BRL 31 million debt

The Maritime Law division of the São Paulo Court of Justice has ordered the auction of more than 7.3 million liters of diesel stored at the Port of Itaqui, in São Luís (MA), with an estimated value exceeding BRL 25 million.

The fuel, held at a terminal operated by Santos Brasil Participações, will be sold through fully online auctions conducted by Positivo Leilões.

The first lot, totaling 1.07 million liters, is valued at BRL 3.7 million. Bidding will run from April 13 to April 16, starting at 100% of the appraised value. If no offers are received, the lot will automatically move to a second round with a minimum bid of BRL 3.2 million, or 85% of its estimated value.

The remaining two lots — which account for the bulk of the volume — will be offered starting April 20, also at full appraised value. One includes 3.33 million liters, with an initial bid of BRL 11.6 million, while the other totals 2.92 million liters, with a starting price of BRL 10.18 million. If unsold, both will proceed to a second stage at minimum bids of BRL 9.8 million and BRL 8.6 million, respectively.

The auction is intended to recover more than BRL 31.5 million in unpaid storage fees linked to cargo held at the Port of Santos. The debt led to enforcement actions against Dubai-based Dia33 Energies General Trading and Inn Trading Brasil, based in Santa Catarina.

Minimum bid prices were calculated based on diesel quotations from Petrobras, at BRL 3.4877 per liter as of March 14.

The auctions will be conducted entirely online, allowing participation from both domestic and international bidders, with full access to documentation and bidding procedures through the auction platform.

Source: Diário Sul Maranhense

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