Brazil marine logistics firm Wilson Sons extended its container terminal concession in the state of Bahia for another 25 years, according to an investor update.
Wilson Sons will now have the concession on the Tecon Salvador terminal until 31 March 2050. Wilson Sons says the agreement with Brazil's government includes expansion of the facility. Wilson Sons says it will spend some BRL 398m ($116.5) on the expansion project.
The terminal handled some 232,000-teu of containers through the first nine months of this year, a 3% increase from the year-earlier period. The company said inbound container volumes have been helped with the importation of solar panels, while outbound container volume has been weaker due to less demand for raw commodities such as ore, cellulose, and chemicals.
