Ports

EIG’s Port in Brazil Signs Second Customer Contract Since June

BloombergBusiness
20/07/2015 17:42
Visualizações: 1994 (0) (0) (0) (0)

Prumo Logistica SA, the developer of the Açu port in Rio de Janeiro, is signing its second contract since early June as it speeds up operations under new owners EIG Global Energy Partners LLC.

Votorantim Metais SA has agreed to use the port to export bauxite, Eduardo Parente, chief executive officer of Rio de Janeiro-based Prumo, said Friday. The three-year contract will allow Votorantim to ship 300,000 metric tons a year and import petroleum coke at the terminal for solid bulks, containers and cargo, Parente said. He declined to provide financial terms of the deal.


“We will have with this another cargo terminal working to serve the region, on top of our dedicated operations,” Parente said in a telephone interview from Rio. “We are looking for other contracts too.”


Prumo shares have more than doubled in the past three months as the company leaves behind years of delays and cost overruns under founder Eike Batista. The former billionaire began to set up the Açu port project in Rio state in 2007 before surrendering control of the company to EIG in late 2013 amid capital shortages to finish his projects. The Washington-based private-equity fund now owns about 74 percent of Prumo.


A spokesman for Votorantim, Brazil’s top zinc producer, declined to comment in an e-mailed reply to questions about the contract.


On June 3, Prumo said it signed a 20-year contract with BG Group Plc to ship as much as 200,000 barrels of oil a day from Açu, which began operations in October.


Prumo expects the new terminal will have the capacity to ship as much as 2 million tons of bauxite a year “in the near future,” Parente said. The company expects to start its container operations next year at Açu, he said.

Most Read
see see
Niterói
Niterói concludes second edition of Tomorrow Blue Econom...
02/12/25
Recognition
ABS Consulting Earns Third Elev8 GovCon Honor for Excell...
22/11/25
Award
Aed Energy Wins at the 2025 Energy Storage Awards
22/11/25
Mossoró Oil & Gas Energy 2025
PetroSupply Meeting to Boost Business at Mossoró Oil & G...
21/11/25
Results
Union’s Oil Production Reached 174 Thousand Barrels per ...
21/11/25
International Company News
TGS Extends Agreement with the Government of the Federal...
21/11/25
Company News
Belga Marine and Global Maritime Announce Strategic Part...
21/11/25
Niterói
Tomorrow Blue Economy sets Niterói in motion in the coun...
13/11/25
Cop30
ANP Participates in the Event and Advances Measures for ...
13/11/25
FIRJAN
Enaex 2025 Discusses Reindustrialization, Brazil’s Compe...
13/11/25
Mossoró Oil & Gas Energy 2025
Mossoró Oil & Gas Energy to Feature Strategic Debates in...
13/11/25
Company News
Norsul becomes the first company in Latin America to ado...
11/11/25
ADIPEC 2025
From energy to intelligence to impact: ADIPEC 2025 sets ...
07/11/25
ADIPEC 2025
ADIPEC 2025 Day 3: Energy, finance and technology leader...
07/11/25
Results
Petrobras reaches net income of R$ 32.7 billion in the t...
07/11/25
Cop30
IBP Advocates Global Criteria for a Just Energy Transition
07/11/25
Offshore
Decommissioning Takes Center Stage
07/11/25
Natural Gas
ANP Approves Action Plan on Gas Pipeline Transportation ...
07/11/25
ADIPEC 2025
AI is no longer a side project: Technology leaders at AD...
05/11/25
Environment
ANP Holds Workshop on Methane Emissions in Partnership w...
05/11/25
International Event
International Energy Event Opens Registration for Activities
05/11/25
VEJA MAIS
Newsletter TN

Contact us

We use cookies to ensure you have the best experience on our website. If you continue to use this site, we will assume that you agree with our Privacy Policy, terms of use and cookies.