Port of Antwerp, through its subsidiary Port of Antwerp International (PAI), will invest US$10 million in Porto do Açu, a privately owned port complex in São João da Barra, in the northern part of Rio de Janeiro State, in Brazil.
Brazil is the largest economy of Latin America and the 7th largest in the world and a very important maritime trading partner for the port of Antwerp.
More than 6.4 million t of freight are exchanged on an annual basis between the largest country from Latin America and the port of Antwerp. This places Brazil on the 6th place as a trading partner. According to a media release by Port of Antwerp, this investment confirms the strong long-term commitment of the Port of Antwerp towards the Brazilian market.
Port of Açu is located in the industrial heart of Brazil. It is an industrial deep sea port for the handling of oil, gas, dry bulk, containers and general cargo.