A consortium of five Japanese companies are to acquire a stake in Brazilian shipbuilder Ecovix Engevix Construcoes Oceanicas.
Palfinger has become the latest firm to target Brazilian offshore marine business, in a joint venture with Rio de Janeiro crane manufacturer Koch Metalúrgica.
The valemax Vale Indonesia owned by STX Pan Ocean touched bottom in the Brazilian Port of Maranhão on Monday damaging a ballast tank.
Brasil Terminal Portuario (BTP), the newest terminal at the Port of Santos, Brazil, began operations with the arrival of 2,600 teu MSC Challenger, on the Gulf service, the first container vessel to call on 14 August. The following day it was the turn of the 5,700 teu MSC Adriatic, on the Ipanema service.
Brazil's government is expecting BRL3bn ($1.3bn) in new investments from the leasing of facilities at its ports in the states of Para and Santos, Sao Paulo, according to government officials.