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Tuesday, May 17, 2022

Maritime Logistics Professional

March 30, 2022

Cofco Wins 25-year Concession for New Brazil Port Terminal

(Photo: Cofco International)

(Photo: Cofco International)

Cofco International said on Wednesday it had won a 25-year concession for an agriculture bulk terminal at Brazil's Port of Santos, expanding its footprint in the world's top soybean exporter.

The STS11 terminal will be fully operational in 2026, Cofco said in a statement. The terminal will help expand Cofco's port capacity in Brazil to 14 million tonnes.

(Reuters - Reporting by Gus Trompiz and Caroline Stauffer)