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>


<< Nov 2019 >>
28 29 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 1

Maritime Reconnaissance and Surveillance Technology

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

read more >

CrewConnect Global 2019

CrewConnect Global is the leading forum for collaboration to advance new industry approaches to seafarer recruitment and training.

read more >

CruiseConnect Global 2019

Attend CrewConnect Global and stay on for the CruiseConnect Summit to take part in an industry-wide conversation focused…

read more >

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >