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APM Terminals wins Suape auctionAPM Terminals wins Suape auction

The court of Ipojuca has confirmed APM Terminals as the official winner of the judicial auction for the acquisition of an Isolated Productive Unit (UPI-B Cais Sul) of Estaleiro Atlantico Sul (EAS), in the Port of Suape, Pernambuco.

Michele Labrut, Americas Correspondent

August 22, 2022

2 Min Read
Aeriel view of container vessel being loaded
Photo: APM Terminals

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.

Related:APM Terminals inks 50-year concession for Rijeka Gateway container terminal

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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About the Author

Michele Labrut

Americas Correspondent

Michèle Labrut is a long-time Panama resident, a journalist and correspondent, and has continuously covered the maritime sector of Central & Latin America.

Michèle first came to Panama as a press attaché to the French Embassy and then returned to the isthmus as a foreign correspondent in the 1980s.

Author of Seatrade Maritime's annual Panama Maritime Review magazine and of several books, Michèle also wrote for Time magazine, The Miami Herald, NBC News and the Economist Intelligence Unit. She has also collaborated in making several documentaries for the BBC and European and U.S. television networks.

Michèle's profession necessitates a profound knowledge of the country, but her acumen is not from necessity alone, but a genuine passion for Panama.

In 2012 she was awarded the Order of Merit (Knight grade) by the French Government for her services to international journalism and in 2021 the upgrade to Chevalier grade.

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