The China Merchants Port Holdings, one of the main Chinese state-owned companies in the port sector, signed a letter of intent with the Portos do Paraná authority to invest in expansions and improvements at the Port of Paranaguá, Brazil's second largest in terms of cargo handling. This agreement aims to guarantee the expansion of the port and improve its infrastructure over the next 25 years, consolidating the Paraná's role as a logistics hub in Brasil.

The commitment between the parties includes the concession for the expansion and maintenance of the port's access channel, as well as the construction of “green and intelligent ports”, with a focus on sustainability and advanced technology.

According to the port authority, the plan also intends to the exchange of personnel between the two sides to strengthen knowledge in environmental, social and governance (ESG) practices.

(Source: Click Petróleo, on November 7)