APM Terminals, the terminal operator of Maersk, has said it will invest $1bn in the expansion and modernisation of ports across Brazil, including the port of Santos in the south and Suape in the north, as well as three other ports and the company’s inland container depots in north-southeast Brazil. About $320m will go towards phase one of a new terminal in Suape. The company is currently in the final stages of acquisition and will upgrade infrastructure at the port to increase competition. The biggest focus is on the renovation of the terminal in the Port of Santos which is operated jointly with MSC’s Terminal Investment Limited, The terminal is operating at 92% occupancy, above the optimal efficiency achieved at 80%.
The partners currently operating the Santos terminal are negotiating with the Brazilian federal government to extend their concession contract, which expires in 2027, by a further 20 years. If granted, they will modernise and double the terminal’s current capacity of 1.5m TEU, allocating $310m for the extension and predicting the investment could reach nearly $450m over the next five years. In addition, they have expressed interest in a new container terminal at the port of Santos.