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Japanese firm 'could make investment in Brazil'

Date added: 27th January, 2010 at 09:30
(view all articles from January, 2010)

Categories: Economy

Japanese shipping company NYK Line could be set to make an investment in Brazil.

Angelo Baptista, president of Codesa, told Sea Trade Asia that the Japanese firm plans to visit the site of the $300 million Superporto project, close to the port of Tubarao, in March, with a view to making an investment.

He said: "This deepwater project for containers and cars has attracted the interest of a number of leading players, as well as NYK Line, but they are the frontrunners."

First contact with NYK Line came in November at trade shows in Asia, Mr Baptista, who is responsible for the ports at Vitoria and Tubarao, added.

A joint venture between NYK Line and one of the interested Brazilian construction firms, Odebrecht or Carmargo Correa, could be a possible way forward for the Superporto project.

NYK Line president Yasumi Kudo said in his new year's speech that growth industries such as air cargo transport and liner trade would demand expansion to cope with the increasing world population.ADNFCR-1477-ID-19580114-ADNFCR

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