Ecoporto stands empty
NewsThe Ecoporto Santos box terminal has almost given up on handling container ships for the foreseeable future as two new terminals in the Brazilian port of Santos continue to increase their market share.
Brazilian toll road operator EcoRodovias has signed a deal to acquire Santos port operator Tecondi from its current owner the Formitex Group.
EcoRodovias has paid R$450M for 41% of Tecondi with an option to acquire the remaining 59% within 12 months. The company said it intends to complete the purchase this year.
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This complete item is approximately 200 words in length, and appeared in the May 2012 issue of WorldCargo News, on page 9. To access this issue download the PDF here.
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