APM Terminals presented a winning bid on 26 Julyfor the acquisition of the area in the context of its judicial recovery process, to develop and operate a container and general cargo terminal.
“Suape has a great growth potential, and our vision is to invest in a terminal that will add additional growth opportunities for Brazil’s northeast region. We believe more competition in the region will unlock value to exporters/importers and attract new cargo flows, helping the Port of Suape grow at a faster pace”, said Leo Huisman, APM Terminals Managing Director for the Americas Region.
APM Terminals plans to invest up to $500m in the new container terminal in the area and begin operations with an initial capacity of 400,000 teu, adding 55% more capacity in the port complex.
Once all regulatory approvals have been obtained and the permits required to build the facility are issued, APM Terminals plans to finalise construction within 24 months, and expects the terminal to be fully operational by the end of 2025, when dredging of the access channel and turning basin is also expected to be concluded by Suape Port.
In addition, APM Terminals is also committed to net zero greenhouse emissions by 2040, and this will be considered in the design of the facility.
The Port of Suape is situated in a highly strategic position in the Northeast, located near Recife, and plays a vital role in Brazilian logistics. For containerised cargo, Suape is among the top 10 ports in Brazil, being the 8th in throughput.
“APM Terminals is committed to Suape, the region’ growth, and the Brazilian market. We appreciate the strong support to our project from the government of Pernambuco, the local community, investors, and customers, and would like to reaffirm our commitment to investing in technology, new businesses, and further growth of the region,” Santi Casciano, APM Terminals Head of Growth for the Americas Region, said.
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