ICTSI Taking Over Container Terminal in Rio de Janeiro

Tecon Suape, S. A., BrazilImage Courtesy: ICTSI

Philippines-based International Container Terminal Services has bought concession rights to operate, manage and develop the Terminal de Contêineres 1 in the Port of Rio de Janeiro.

ICTSI Americas is taking over the terminal after reaching a deal with Boreal Empreendimentos e Participações S.A. to acquire one hundred per cent of the shares of Libra Terminal Rio S.A. (Libra Rio).

The purchase price, according to ICTSI, is approximately BRL 740 million (USD 197 million).

The concession of Terminal de Contêineres 1 (T1Rio) commenced in 1998 and was extended in 2011 until 2048. ICTSI said it would assume the operational, development and other responsibilities under the current concession contract.

The transaction will expand ICTSI’s footprint in the Brazilian container terminal market. The company already operates the Suape Container Terminal in the Brazilian city of Ipojuca.

In 2018, T1Rio had a throughput of 135,000 TEUs. The terminal has a capacity in excess of 530 thousand TEU with the ability to expand further.

The terminal has five ship-to-shore gantry cranes and a total land area of 18.8 hectares and 715 meters of quay wall. A design water depth of up to 16 meters enables the terminal to receive global shipping lines’ largest container vessels.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jan 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

read more >

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >