Santos: a port without crisis

The largest port complex in Latin America is at the limit of its cargo handling capacity. Responsible for 30% of the transport of the Brazilian trade balance, the port of Santos has a total capacity of 162 million tons a year, and by the end of 2021, handling should already reach 150 million tons. But today this is not seen as a problem, thanks to the ongoing private investment package of around R$ 10 billion until 2025 to expand terminals. “Lease auctions are very well addressed. Production needs to be moved out. These investments will benefit the economy,” said Fernando Biral, president of the Santos Port Authority (SPA), a public company responsible for managing the port of Santos.

Of the 11 auctions scheduled for the concession of terminals, four have already taken place and two of them are planned for November. The other five will take place in 2022. The package also includes R$1.8 billion in the road-rail system and another R$2.5 billion from current lease contracts. “With this, our plan is to reach a capacity of 240 million tons by 2040.”

The chart below shows a history of cargo movement via the Port of Santos since January 2019. Data are from DataLiner:

Imports and Exports via the Port of Santos | Jan 2019 to Aug 2021 | WTMT

Source: DataLiner (To request a DataLiner demo click here)

The need for expansion in no way affects the good performance at the port, which was not even impacted by the economic crisis caused by the Covid-19 pandemic. On the contrary. Last year, SPA closed with net revenue of R$ 1.1 billion (11.5% above that registered in 2019). Invoicing continued on the rise in the first half of this year, when the company obtained revenue of R$ 549 million. And 2021 is heading to be the most profitable year in history. In the first half of this year, SPA earned R$ 170 million, close to the R$ 202 million registered throughout the year 2020. “For us, there is no crisis at the port. Last year, handling grew 10% and containers, which were parked in 2020, have already registered a 20% increase this year”, said the executive. The average annual growth of the port’s tonnage between 2009 and 2021 reaches 5%, well above the GDP (Gross Domestic Product), which registered an average high of 1.2% per year.

Source: Isto é Dinheiro

To read the full original article, visit the link:

https://www.istoedinheiro.com.br/um-porto-sem-crise/

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