Log-In renews Vila Velha Terminal lease for 25 years

Log-In announced that on September 22 its subsidiary, Terminal de Vila Velha (TVV), located in the Port of Vitória, signed an Addendum to Lease Agreement No. 016/98 with the federal government through the Ministry of Infrastructure.

Among other things, the Addendum extends the term of the TVV port lease agreement for another 25 years until September 2048, and establishes the initial investment commitment of R$ 83 million for the acquisition of new equipment and systems to improve the productivity of the berth and yard, and for the acquisition of new cranes (MHCs) and forklifts (reach stackers). In addition, R$ 434 million will be invested over the contractual term up to 2048, to ensure the maintenance, updating, and/or replacement of the assets necessary to carry out the port activities.

Prepared by the National Secretariat of Ports and Waterway Transportation, the addendum mentions the National Waterway Transportation Agency (ANTAQ) and Companhia Docas do Estado do Espírito Santo (CODESA).

Record movement

On September 17, TVV set a record of 86 containers unloaded per hour – or 515 handled in 6 hours – from the ship MV MSC Nikolas, which was moored in berth 204. This number represents a 91% increase over the average, which is 45 containers handled per hour and breaks a record set in 2010. To aid the maneuver, three terminal portainers and two cranes from the ship itself were used.

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