Docas do Rio’s revenue grows almost 50% in the first four months of 2021

Companhia Docas do Rio de Janeiro (CDRJ), the port authority responsible for managing the Ports of Rio de Janeiro, Itaguaí, Niterói, and Angra dos Reis, earned R$ 328 million in the first quarter of 2021, R$ 107 million more than in the same period of 2020, representing a growth of 48.5% in relation to the first third of last year.

The good revenue result is due to the current positive cycle of increased appreciation of iron ore in international markets and the large volume of handling during the period. In the first four-month period of 2021, the ports managed by Docas do Rio handled 19.4 million tons of cargo, the best result on record since 2015.

According to the analysis released by the Business Planning Management of Docas do Rio, in relation to the same period from January to April 2020, the growth was 5 million tons, which corresponds to an increase of 34.7%.

Consult the cargo movement at the Itaguaí and Angra dos Reis Ports in the graph below, based on DataLiner data:

Cargo handling at the Ports of Itaguaí and Angra dos Reis | Jan 2018 to Mar 2021 | WTMT

Graphic source: DataLiner (click here to request a demo)

A record at the Port of Itaguaí

The report indicates that the Port of Itaguaí registered a record turnover in April 2021, with revenue of R$ 85.2 million. This represents the highest monthly turnover in real terms ever recorded for the port since 2015, for the analyzed period. In this sense, the first four months of 2021 was the best result for the period since 2015 and, compared to 2020, the growth was 4.7 million tons or 39.5%.

This record level was achieved due to the sustained appreciation of iron ore in reais following the rise in the value of the commodity in international markets and the continued appreciation of the dollar against the real. Also impacting growth were the exceptional operational performance registered in March-  with 1.5 million tons more than in February-  and the 2.2 million increase in relation to March 2020.

The data also highlights the 11% increase in the movement of container units from Sepetiba Tecon, in the first four-month period of 2021 compared to the same period in 2020.

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