Rio de Janeiro Port Authority breaks all time revenues record in 2019

The Rio de Janeiro Port Authority (CDRJ), which runs the ports of Rio de Janeiro, Itaguaí, Niterói and Angra dos Reis, registered a 14.5% increase in revenues in 2019,growth in revenue. Total sales exceeded R$ 500m, an all-time record for the company.

According to figures released by CDRj’s Market Intelligence and Statistics Management, revenues were R$ 64m higher than 2018 (December 2019 revenues were estimated).

In the Port of Itaguaí alone, revenue grew 26.7%. The increase was driven by larger volumes moved by steel company Companhia Siderúrgica Nacional (CSN) combined with a rise in the price of iron ore and the stronger dollar. Another important factor was the handling of dry bulk cargoes at the Sepetiba Tecon terminal, a container operator. Total amount of those cargoes moved added up to 660,000 tons.

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