APM Terminals wins auction to develop Suape terminal

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APMT has won a judicial auction for the acquisition of an Isolated Productive Unit (UPI-B Cais Sul) of Estaleiro Atlantico Sul (EAS), in the Port of Suape, Pernambuco.

APMT presented a winning bid on 26 July for the acquisition of the area in the context of its judicial recovery process, to develop and operate a container and general cargo terminal.

APMT plans to invest up to R$2.6 billion ($500 million) in the container terminal in the area and begin operations with an initial capacity of 400,000 TEU, adding 55 per cent more capacity in the port complex.