Port of Antwerp, through its subsidiary Port of Antwerp International (PAI), is to invest US$10m 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.
More than 6.4m tonnes of freight are exchanged on an annual basis between Brazil and the port of Antwerp, placing Brazil in the sixth place as a trading partner.
The Port of Açu is located in the industrial heart of Brazil, connecting international markets to the country, being ideally positioned to serve the European, US and Asian markets.
'It is an unique opportunity for PAI to further co-develop the port, while enhancing the position of Antwerp in Latin America as a preferential port for the continent,' the Antwerp Port Authority stated.
