Posts

New Port Fee will Be Imposed at The Port of Itaqui in Brazil

Port charges are the fees that shipping operators and their customers pay to port authorities for the use of the port’s facilities and services. Port charges can be a significant component (up to several percent) of the final price of consumer goods.

The EMAP – Empresa Maranhense de Administração Portuária, port authority which runs the Port of Itaqui, in São Luís, Maranhão, Brazil has warned shipowners, charterers and their representatives that a new port fee will be imposed as from March, 1st, 2019.

Port of Itaqui is a Brazilian port located in the city of São Luís, Maranhão. It is not to be confused with the city of Itaqui, in the state of Rio Grande do Sul, near the border with Argentina. The main cargoes include aluminum ingots and bars, pig iron, general, dry and liquid bulk cargoes, soybean and copper.

The fee will impact local trade and shipping activities in all private terminals of the region.

This fee is BRL 0,44 p/ DWT and will be charged for ships that use the common navigable areas of São Marcos Bay to access the Ponta da Madeira Terminal, the Alumar Terminal and any other Private Use Terminal that may be installed in the region.

Promare is a multidisciplinary consultancy, based in Ceará and with national and international operations, founded in 1999. Our services have a pragmatic approach to strategic business consulting. We are focused on promoting freedom and security in our clients’ business relationships, fostering business with the necessary confidentiality.

The legality of such fees has been questioned. Our team of the São Luís Office is already preparing a deep analysis of the situation.

We at Promare Consultoria, Promare Cobranças and Rabb, Carvalho Advocacia are prepared to cover the needs of our clients. Together, we work in the search for greater legal certainty in comex and shipping transactions.

President Announces the Auction of Ten Port Terminals in Brazil

A port is a station used for commercial and trade activities such as loading and unloading cargoes and other activities that generate income. In contrast, a terminal is like a “checkpoint” on a port where incoming shipments are thoroughly inspected and documented.

The President of Brazil, Jair Bolsonaro, announced today that the Secretary of Ports, by the Federal Government, will lease 10 port areas in the first half of 2019, including 3 terminals in the Port of Cabedelo/PB. The auctions of 4 of these areas will happen in march 22th of this year.

PROMARE CONSULTORIA is a multidisciplinary consultancy, based in Ceará with international operations, founded in 1999 and offering services with a pragmatic approach to strategic business consultancy.

Jair Messias Bolsonaro is a Brazilian politician and retired military officer who has been the 38th president of Brazil since 1 January 2019. He was elected in 2018 as a member of the conservative Social Liberal Party before cutting ties with it.

Understand the investments

The announcement of the lease of four port areas was published in the Official Gazette of the Federal Union on November 30, 2019, by Agência Nacional de Transportes Aquaviários (ANTAQ). The auction will be held at B3, São Paulo Stock Exchange.

B3 S.A. – Brasil, Bolsa, Balcão, formerly BM&FBOVESPA, is a stock exchange located in São Paulo, Brazil, and the second oldest of the country. At the end of 2011 it had a market capitalization of R$2.37 trillion, making it the 13th largest stock exchange in the world.

The projects, in which investments of R$ 199 million are foreseen, are part of the Investment Partnerships Program (PPI).

In accordance with the rules set forth in the announcement, the companies/consortiums must submit the written proposals on March 19th, 2019, so that on the 22nd of the same month the auction will be held. The winner will be the one who offers the biggest value, which will start in the auction at R$ 1.00 (one real).