Port of Rotterdam Authority, a step closer to participation in Port of Pecém
Published by Claire Cuddihy,
Assistant Editor
Dry Bulk,
As shareholders of Rotterdam Port Authority, the Municipality of Rotterdam and the Ministry of Finance, have approved the port’s participation in the Port of Pecém, a rapidly growing port in northeast Brazil.
Its participation will involve an investment of some €75 million and, in addition to holding 30% of the shares, the Port of Rotterdam Authority will have joint control of strategic decisions and positions at Executive Board, Supervisory Board and management level. The Port of Rotterdam Authority and Ceará State are expected to sign the decision next month, and the following months will be used to further finalise the participation.
CEO Port of Rotterdam Authority, Allard Castelein, commented: ‘Our participation in the Brazilian Port of Pecém is promising for all parties. We have been working as adviser with Pecém for several years. This investment will further intensify the partnership. We will be working with Ceará State to ensure that Pecém expands to become the future logistics and commercial hub of northeast Brazil.’
By acting on the international maritime stage, the Port of Rotterdam Authority will reportedly create economic and social value for the Netherlands and the Rotterdam-Rijnmond region.
The Port of Rotterdam Authority aims to do this by offering opportunities to Dutch companies abroad, learning from international ‘best practices’, retaining the reputation of the Rotterdam maritime cluster at a high level and obtaining financial returns from its international activities.
Pecém is a rapidly-growing port. In 2017 its total throughput was 16 million t, and the port has undergone an average annual growth of 22% over the past 10 years.
The economic growth (national and international) and the related market demand will enable Pecém to continue to develop towards a throughput of 45 million t by 2030. In addition to this, Pecém is an attractive proposition because most of the required infrastructure (breakwaters, berths, land, etc) is already available.
The Port of Pecém has the possibility and ambition to develop into an industrial and logistics hub for northeast Brazil, which will offer many opportunities for international trade flows and investments from Europe.
Read the article online at: https://www.drybulkmagazine.com/ports-terminals/31082018/port-of-rotterdam-authority-a-step-closer-to-participation-in-port-of-pecm/
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