Global port operator International Container Terminal Services Inc (ICTSI) has bought a 47% interest in a former shipyard, Estaleiro Inhaúma, in Rio de Janeiro, which will be used to expand its port facilities in the city.
“In the immediate future, the said property will be used by ICTSI Rio Brazil as additional capacity for its existing operations,” the company said.
ICTSI said the investment also presents an opportunity to develop a future private-use terminal.
No price was revealed for the acquisition.
Energy News Beat