Maersk buys terminal of Atlantico Sul Shipyard in Suape

The company APM Terminals, belonging to the Maersk group, presented this Tuesday afternoon a new proposal for the acquisition of an internal area in the South Pier of the Atlântico Sul Shipyard for R$ 455,000,000, which will become a new terminal.

With this proposal of R$ 5 million above the proposal presented by the Filipinos of Tecon Suape and the company Cone Suape, Maersk, one of the largest shipping companies in the world, buys the terminal of the Atlântico Sul Shipyard in Suape.

As the auction process takes place amid a judicial recovery by EAS, the operation still needs to be validated by the Ipojuca Court, which organizes the sale of areas to pay shareholders’ debts.

APM Terminals promises investments 

“APM Terminals presented a higher offer for the acquisition of an Isolated Production Unit (UPI-B Cais Sul) of the Atlântico Sul Shipyard (EAS), in the Port of Suape, Pernambuco, within the scope of the court-oriented financial recovery process, to develop and operate a container and general cargo terminal,” read an official note.

“After completing the stages of the judicial auction and final agreements between EAS and APM Terminals, the company expects to be officially declared the auction winner.”

“The transaction closing is still subject to obtaining the suitable regulatory approvals and certain necessary licenses and authorizations to install and operate the new terminal.”

“With the project, APM Terminals expects to invest up to BRL 2.6 billion in the new terminal, which will have an initial capacity of up to 400,000 TEUs, increasing the port complex’s capacity by 55%.”

“Once all licenses are granted, the company plans to finish construction in 24 months and begin operations in late 2025, when the Suape Port’s dredging of the access channel and maneuvering basin should be completed,” informed the logistics company.

See below the track record of containerized exports via the Port of Suape from January 2019 to May 2022. The data are from the platform DataLiner.

Exports via Port of Suape | Jan 2019 – May 2022 | TEUs

Source: DataLiner (click here to request a demo)

Suape celebrates Maersk’s win.

Even before the courts hit the hammer, Suape’s management celebrated the arrival of a new player at the port.

“This is a water-shedding moment in the history of Pernambuco. The sale will allow the development of an important HUB. One of the largest shipowners in the world will put Suape on another level. As a result, we will have more competition and competition,” says Roberto Gusmão, president of the port industrial complex.

“We are going to have new long-haul routes. New service lines to Asia and Europe. The Maersk group was the only one that established a protocol of intentions, providing for modernization, large vessels, and sustainability”, explained the manager during a visit to a port in Portugal.

Roberto Gusmão added that the fruit produced from the São Francisco Valley and other cargo could benefit from the weekly lines. “The port had these routes during the outset of Tecon Suape. Today, we don’t have them; these challenges may be eliminated with new routes and commodities.”

Source: Jornal do Comércio

To read the full original article, please go to: https://jc.ne10.uol.com.br/colunas/jamildo/2022/07/15051745-maior-navegadora-do-mundo-arremata-terminal-do-estaleiro-atlantico-sul-em-suape.html

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