Brazil's Opportunity investment group reached an understanding with French giants CMA CGM for the sale of its stake in the Brazilian Port Terminal of Santos (STBP3), it was announced late Sunday.
Brazilian minister of Ports and Airports Silvio Costa Filho, announced the termination of the Investment Partnership Program (PPI), which had originally set the conditions for the privatization of the management of the Port of Santos.
Brazilian law enforcement organizations in a combined operation seized some 251 kilos of cocaine on Sunday from a ship in the port of Santos, the country's busiest. The drug was discovered hidden in an underwater compartment of a ship. The Federal Police is in charge of the investigation but did not report of any arrests.
Brazilian Minister of Ports and Airports, Márcio França, anticipated that the federal government may help fund the construction of a tunnel between Santos and Guarujá, a project that should cost around some three billion Reais equivalent to some US$ 500 million.
Governor-elect of São Paulo state, Tarcísio de Freitas, is hoping to have a direct conversation with president-elect Lula da Silva and the future Minister of Ports, Márcio França, to try to convince the new federal administration to move forward with the auction of the Port of Santos, the largest and busiest in Latin America.
The bidding processes of areas within the Port of Santos in Brazil (the largest terminal in South America) was delayed until next year, since it will be up to the new government to define how they will unfold. One of the areas focuses is moving containers, located in the Saboó region, and the other focuses on fertilizer operations, based in Outerinhos.
The privatization of Brazil's largest and busiest sea terminal, the Port of Santos clears another barrier. In effect the final report released by the Brazilian federal court of audits TCU did not express major reservations over the privatization process.
A South Korean space startup for small launch vehicles, Innospace has signed a commercial contract to launch a Brazilian military payload, a symbolic win for the burgeoning space exploration industry from the Asian country.
The mayor of the port city of Santos, Rogério Santos, argues that representatives of president-elect Lula da Silva should take part in the privatization process of the Santos Port Authority (SPA), whose auction is scheduled for December.
The documentation relative to the auction of the STS10 area of the Port of Santos has been approved. The Federal Government’s bet to improve container throughput at Santos is located in the Saboó region. The National Waterway Transportation Agency (Antaq) authorized the participation of vertical companies but included contractual clauses to prevent possible anti-competitive practices.