APM Terminals, a company of A.P. Moller Maersk, presented a winning bid on 26 July for the acquisition of an isolated productive unit (UPI-B Cais Sul) of Estaleiro Atlantico Sul (EAS), in the Port of Suape, Pernambuco, confirmed the court of Ipojuca in eastern Brazil. APM Terminal will develop and operate a container and general cargo terminal in the area.
“Suape has a great growth potential, and our vision is to invest in a terminal that will add additional growth opportunities for Brazil’s northeast region. We believe more competition in the region will unlock value to exporters/importers and attract new cargo flows, helping the Port of Suape grow at a faster pace”,Leo Huisman, APM Terminals Managing Director for the Americas Region.
The terminal has plans to invest up to $500m in the new container terminal in the area and commence operations with an initial capacity of 400,000 teu, adding 55% more capacity in the port complex.
On approval of all regulatory approvals and issuance of required permits to build the facility, APM Terminals looks to finalise construction within 24 months, and expects the terminal to be fully operational by the end of 2025, when dredging of the access channel and turning basin is also expected to be concluded by Suape Port.
Committed to net zero greenhouse emissions by 2040, APM Terminals will also consider net zero emission in the design of the facility.
Strategically positioned in the Northeast, located near Recife, the Port of Suape plays a vital role in Brazilian logistics. Suape is among the top 10 ports for containerised cargo in Brazil, and 8th in throughput.
“APM Terminals is committed to Suape, the region’ growth, and the Brazilian market. We appreciate the strong support to our project from the government of Pernambuco, the local community, investors, and customers, and would like to reaffirm our commitment to investing in technology, new businesses, and further growth of the region,”Santi Casciano, APM Terminals Head of Growth for the Americas Region.