Itapoá once again expands the offer of shipping lines to Asia with a new service
ASAS service receives route restructuring and, together with the FIL service, reinforces options for Asia through Porto Itapoá
Porto Itapoá raises BRL 750 million for investments in expansion
The logistics infrastructure has been a driving force for the economy which, even with the consequences of the pandemic, has contributed in a significant way by giving conditions for the resumption of Brazil’s economic power.
In 2021, Porto Itapoá consolidated itself as the fifth largest port in Brazil in terms of container handling, with a growth of 10% in comparison to 2020. The estimates and projections for the national and international scenarios for the next few years, taking into account the Terminal’s participation in Brazilian logistics, demand that the company make advances in its expansion plan.
Since 2018, the enterprise has a handling capacity of 1.2 million TEUs per year. In 2021, the Terminal started a fund-raising project in the financial market in order to enable an increase in the capacity of its structures to 1.6 million TEUs, which will likely be one of the most impressive operating capacities among container ports in the country.
The Terminal’s expansion plan, recognized by the Ministry of Infrastructure’s National Department of Ports and Waterway Transport as a priority with regard to national logistics, will result in the expansion of Porto Itapoá’s yard area in over 200,000 m², with a final yard area totaling 450,000 m².
On December 17, the fund-raising project was completed, resulting in BRL 750 million in funds raised through the issuance of incentivized debentures, a process coordinated by BTG with the participation of XP. The consolidation of this financing advanced mainly due to the company’s financial health, attested by its evident liquidity and cash generation, added to the Terminal’s operational and commercial planning.