Reporting by Ana Mano in San Paulo; Editing by Nia Williams and Jamie Freed Our Standards: The Thomson Reuters Trust Principles., opens new tab , opens new tab Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. , opens new tabScreen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. © 2025 Reuters. All rights reserved This website is using a security service to protect itself from online attacks The action you just performed triggered the security solution There are several actions that could trigger this block including submitting a certain word or phrase You can email the site owner to let them know you were blocked Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page Lloyd's List is part of Maritime Intelligence This site is operated by a business or businesses owned by Maritime Insights & Intelligence Limited registered in England and Wales with company number 13831625 and address c/o Hackwood Secretaries Limited Lloyd’s List Intelligence is a trading name of Maritime Insights & Intelligence Limited Lloyd’s is the registered trademark of the Society Incorporated by the Lloyd’s Act 1871 by the name of Lloyd’s For high-quality copies or electronic reprints for distribution to colleagues or customers please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430 The letter of intent includes plans for future concessions at Paranagua including the expansion and maintenance of the access channel to the port over the next 25 years STATE-owned China Merchants Port Holdings has signed a letter of intent with Brazilian port authority Portos do Parana The authority controls two major ports in Brazil, including the country’s second biggest by tonnage, the Port of Paranagua China Merchants owns a majority stake in the Paranagua Container Terminal (TCP) said the letter “represents yet another stage of TCP’s infrastructure investments with the aim of expanding capacity and maintaining the international excellence of its services” The letter plans for the construction of green and smart ports and the exchange of personnel between the two parties to share experience on “the ESG agenda” Crucially Portos do Parana said the next stage of its cooperation with China Merchants was further auctions and concessions at the port The state of Parana was the first to gain the autonomy to manage its own contracts and since 2019 has conducted five auctions to generate R$4bn (around $704m) for infrastructural upgrades at Paranagua including the concession for the expansion and maintenance of the access channel over the next 25 years This is not the first example of Chinese state-owned businesses’ involvement in South American port infrastructure China Merchants’ letter of intent follows Cosco Shipping Ports’ (a subsidiary of container Cosco) backing of a new so-called ‘mega port’ in Chancay which will receive its first vessels this month Chancay will have two multipurpose berths and two containership berths capable of handling 1m teu per year The question of who controls Brazil’s port infrastructure has been ongoing for some time, particularly in the case of the country’s biggest, Santos A privatisation programme at the port was ended in late 2023 with public-private partnerships now the preferred method of raising capital for improvement projects Download the Lloyd’s List App — the essential tool for staying ahead in the maritime industry, anytime, anywhere! 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More information here Your username does not meet the requirements Sorry - public email accounts are not allowed An account with that username already exists Unfortunately we've not been able to process your registration Your question has been successfully sent to the email address below and we will get back as soon as possible This article has been sent to my@email.address 43,000+ global companies doing business in the region. 102,000+ key contacts related to companies and projects Analysis, reports, news and interviews about your industry in English, Spanish and Portuguese. , opens new tab and Olam (OLAG.SI), opens new tab and Brazilian outfits C.Vale and Terra Roxa Cargill and ADM gave no immediate comment on the meeting Terra Roxa declined to comment.The temporary suspension affected only one of C.Vale's units adding that other units could continue exporting.The soybeans were likely exported from the port of Paranagua given the shippers involved one grain trader said.The Paranagua port authority said it had not received any official communication indicating that any ship that has departed from Paranagua was under suspicion in Chinese ports.Reporting by Ana Mano; Editing by Simon Webb and Marguerita Choy Editing by Louise Heavens and Muralikumar Anantharaman Marc Jones is a senior global markets correspondent based in London with a focus on economics, central banks, policymakers, and crises. Previously he worked in Frankfurt covering the European Central Bank at the height of the euro zone turmoil, the UK companies desk during the initial phase of global financial crash. He started his Reuters career on the sports desk covering everything from soccer to cycling. The ship has an LOA of 225 metres (738 feet), a beam of 32.26 metres (105.8 feet), a draught of 14.5 metres (47.6 feet), a depth of 21 metres (69 feet), a deadweight tonnage of approximately 77,000, a design speed of 15 knots, and a range of 25,000 nautical miles. The vessel is also equipped with a rotary dehumidifier and other sealing and drying facilities to ensure the quality and the safety of the pulp cargo during long voyages. Although designed primarily as a pulp carrier, the vessel is versatile enough to accommodate other types of cargo in its box-type hold. Among these are high-speed rail vehicles, large machinery, offshore wind turbine components, steel pipes, and pile structures. In order to ensure the safety of vehicles during transport, the ship is fitted with a "one-to-one" temperature monitoring and early warning system. Also installed are custom foldable frames for transporting vehicles. The vessel's propulsion system complies with IMO Tier III regulations by having selective catalytic reduction technology to reduce emissions of NOx generated by the main and auxiliary engines. Other energy-saving features are pre-rotating guide wheels and vortex elimination fins fitted on the hull. The vibration and noise levels are below the maximum limits set by the Green Ecological Ship Code notation of China Classification Society. Also, the Ship Design Energy Efficiency Index (EEDI) far exceeds the requirements of the International Maritime Organisation's EEDI Phase III. Green Paranagua will be operated primarily on routes off the eastern coast of South America. COSCO Shipping Heavy Industry expects to deliver 20 vessels from the same series over a period of two years to SPDB and other owners in China. Reporting by Marcela Ayres; Editing by Brendan O'Boyle and Mark Porter 43,000+ global companies doing business in the region news and interviews about your industry in English TCP, an arm of China Merchants Port, is working to dissuade a logistics firm from applying a surcharge on outgoing cargos at South America's largest container terminal, Reuters reported citing TCP Commercial Manager Carolina Brown France-based logistics firm CMA CGM's $150 surcharge, which would take effect on July 1 could impact the cost of shipping goods through Brazil's main refrigerated container terminal which is also the world's biggest chicken export corridor asking first for clarification of the measure but also for them to review it," Brown told Reuters late Wednesday CMA did not immediately reply to repeated requests for comment The company announced the surcharge last week The move highlights logistical challenges faced by Brazil a farm powerhouse and one of the world's ten largest economies CMA said the surcharge would apply to cargo headed to the US East Coast wood and refrigerated cargo consignments could be affected if the surcharge is confirmed The executive said Paranagua and other Brazilian container ports were facing a surge in demand which coupled with operating contingencies at competing terminals in Santos and Santa Catarina state said more demand drove up ship waiting times from an average of 3.5 hours The waiting time has since dropped to about 12 hours at Paranagua's container terminal while vessels at competing hubs still face a week's wait Brown said Paranagua's container terminal is also absorbing diversions of cargo and receiving ships from other ports "We are operating without operational restrictions," she said a surcharge does not reflect our level of service." 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