Santos Brasil considering participation in Port of Santos privatization bid

Santos Brasil has expressed that it would also be interested in participating in a privatization bid at the Port of Santos which is currently being studied by the federal government. “We are interested in looking at it and participating, depending on the public notice, I believe we will be very competitive to participate in this bid. We know the Port of Santos quite well, ” stated Sepúlveda.

The privatization of the Port of Santos is still under study by the federal government, and it is not yet clear whether Santos Brasil’s participation would be allowed, and in what terms, since the company is today one of the largest terminal operators in the port.

On the other hand, Santos Brasil is expected to deliver its first contract renegotiation proposal in November with Maersk, its main customer at the port terminal in Santos. The agreement between the companies expires in March 2021.

“It’s a long-standing relationship which comes from Hamburg Süd [bought by Maersk]. There is a great convergence because today Maersk has 40% of the volume of the Brazilian coast, and Santos Brasil has 25% of the capacity deployed on the coast. The convergence is very strong, we are very confident that we will be able to renegotiate the contract with them”, said the group’s president.

Source: Valor Econômico

Sharing is caring!