Latest news from Heavy Lift & Project Forwarding International Magazine

Private investment surge for Brazilian ports

May 21 - According to international reports, port infrastructure in Brazil is set for significant development following president Dilma Rousseff winning congressional support for a plan to attract an estimated USD27 billion of investment from the private

The Brazilian Association of Infrastructure and Basic Industries welcomed the approval, hoping that investment in Brazil's lacking port infrastructure will reduce congestion and improve efficiency and in turn lead to more robust growth of the country's economy.
 
Notably the bill reduces restrictions on privately owned terminals and allows for said terminals to handle third-party goods, as well as supposedly reducing red-tape surrounding the employment of workers - a move that should hopefully trigger widespread private sector investment.
 
Brazil's economy grew 0.9 percent in 2012 and 2.7 percent in 2011 - markedly slower than its other BRIC counterparts. The country's ageing port infrastructure - which is ranked 135th out of 144 countries according to the World Economic Forums' Global Competitiveness report - is a key reason for the declining growth rate.
 
However, the bill has yet to be ratified and parts of the agreement may be subject to veto.

 

The Port of Santos - Brazil's busiest port

Heavy Lift | News

Drake closes Cometto deal for ANI thumbnail image

Drake closes Cometto deal for ANI

May 20 - The Drake Group, in its capacity as representative of the Cometto brand in Australia, has received an order from Australian Naval Infrastructure (ANI) for 16 self-propelled MSPE modules.
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Dsouza joins Virgin Atlantic  thumbnail image

Dsouza joins Virgin Atlantic 

May 20 - Virgin Atlantic Cargo has named Bosco Dsouza as its account manager in Melbourne as the airline looks to continue its expansion in Australia. 
Views: 163
Demag duo for Cosmo thumbnail image

Demag duo for Cosmo

May 20 - Australia’s Cosmo Cranes has added two Demag all-terrain cranes to its fleet.
Views: 154

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