The court of Ipojuca has confirmed APM Terminals as the official winner of the judicial auction for the acquisition of an Isolated Productive Unit, UPI-B Cais Sul, of Estaleiro Atlantico Sul in the Port of Suape in Pernambuco I Brazil. APM Terminals presented a winning bid on July 26 for the acquisition of the area in the context of its judicial recovery process, to develop and operate a container and general cargo terminal.APM Terminals plans to invest up to BRL 2.6 billion in the new container terminal in the area and begin operations with an initial capacity of 400,000 TEUs, adding 55% more capacity in the port complex. Once all regulatory approvals have been obtained and the permits required to build the facility are issued, APM Terminals plans to finalize construction within 24 months, and expects the terminal to be fully operational by the end of 2025, when dredging of the access channel and turning basin is also expected to be concluded by Suape Port.In addition, APM Terminals is also committed to net zero greenhouse emissions by 2040, and this will be considered in the design of the facility.The Port of Suape is situated in a highly strategic position in the Northeast and plays a vital role in Brazilian logistics. For containerized cargo, Suape is among the top 10 ports in Brazil, being the 8th in throughput.
The court of Ipojuca has confirmed APM Terminals as the official winner of the judicial auction for the acquisition of an Isolated Productive Unit, UPI-B Cais Sul, of Estaleiro Atlantico Sul in the Port of Suape in Pernambuco I Brazil. APM Terminals presented a winning bid on July 26 for the acquisition of the area in the context of its judicial recovery process, to develop and operate a container and general cargo terminal.APM Terminals plans to invest up to BRL 2.6 billion in the new container terminal in the area and begin operations with an initial capacity of 400,000 TEUs, adding 55% more capacity in the port complex. Once all regulatory approvals have been obtained and the permits required to build the facility are issued, APM Terminals plans to finalize construction within 24 months, and expects the terminal to be fully operational by the end of 2025, when dredging of the access channel and turning basin is also expected to be concluded by Suape Port.In addition, APM Terminals is also committed to net zero greenhouse emissions by 2040, and this will be considered in the design of the facility.The Port of Suape is situated in a highly strategic position in the Northeast and plays a vital role in Brazilian logistics. For containerized cargo, Suape is among the top 10 ports in Brazil, being the 8th in throughput.
