ICTSI maintains “high expectations” about its operation at T1Rio terminal

The Filipino group ICTSI maintains “high expectations” about its operation at the container terminal it recently acquired from the port of Rio de Janeiro (renamed as T1Rio), which was operated by Libra Terminais.

In addition to the T1Rio terminal of ICTSI concession agreement in force until 2048, the group is also responsible for the Argentine TecPlata container terminal.

Bruno Porchietto, CEO of TecPlata, said: “We are following this process with great expectations and we are celebrating that ICTSI is able to operate such an important and strategic port for the region.”

“From our point of view, it is a great opportunity to continue capitalizing on synergies with the Port of La Plata and to continue promoting, as we have done, a greater container trade with Brazil, one of the country’s most important strategic partners,” he added.

The Filipino group recently began receiving direct service between Brazil and Argentina in La Plata, and hopes to strengthen its activity in South America where it also has operations in Guayaquil, Ecuador, and the Brazilian port of Suape.

The group’s new terminal has a total area of 19 hectares and 715 meters of pier, with a depth of up to 16 meters which allows to operate with large ships.

With an estimated capacity of 530,000 TEUs, the Rio de Janeiro terminal is equipped with state-of-the-art facilities including five cranes and a wide range of equipment with over 16 gantries.

In 2018, the Rio de Janeiro terminal performed approximately 135,000 TEUs and the company’s expectations are to operate at full capacity.

The following chart, made from DataLiner data, shows container movement on the T1Rio from January 2015 to May 2019:

Source: Portal Portuário

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