Rumo, Embraport to Build Terminal at Santos Port

March 25, 2024

© Cifotart / Adobe Stock
© Cifotart / Adobe Stock

Brazilian rail operator Rumo has signed an agreement with Embraport to build a port terminal handling grains and fertilizers at the Santos port in Sao Paulo state, Rumo said on Monday.

The terminal's construction will cost an estimated 2.5 billion reais ($502.52 million) and be funded through loans and potential strategic partnerships, Rumo said in a filing.

Rumo said the terminal will be able to move up to 9 million metric tons in grains and 3.5 million tons in fertilizers a year.

Construction is subject to the fulfillment of certain conditions, Rumo said, like licensing and legal and regulatory approvals. After these conditions are met, construction should take 30 months.


(Reuters - Reporting by Steven Grattan; Editing by Kylie Madry)

Logistics News

USTR Port Fees Contrasted With Supply Growth Sound the Alarm for Car Carriers in 2026/27

USTR Port Fees Contrasted With Supply Growth Sound the Alarm for Car Carriers in 2026/27

Aptamus Picks Aker Solutions’ Entr for LCO2 Terminal Engineering

Aptamus Picks Aker Solutions’ Entr for LCO2 Terminal Engineering

Seafarers Stranded Off Yemen After US-Houthi Ceasefire Deal

Seafarers Stranded Off Yemen After US-Houthi Ceasefire Deal

Maersk Warns Global Container Volumes Could Drop Due to Trade War

Maersk Warns Global Container Volumes Could Drop Due to Trade War

Subscribe for Maritime Logistics Professional E‑News

South Korea's MFG purchases about 67,000 T of corn, traders claim
Mitsubishi Heavy's operating profit grows 10% this year due to robust defence demand
Indonesia coal exports post rare decline so far in 2025: Maguire