Brazil's Terminal de Conteineres de Paranagua (Paranagua Container Terminal) has received permission to allow unrestricted access by vessels at the new Panamax dimensions (368 meters in length, beam of 51 meters).
“We are truly delighted to have received this permission by the Port Authorities, which will set new standards for ports in Brazil and the region as a whole,” TCP CEO Luiz Antonio Alves said in a written statement. “Above all, it will allow our customers to bring even larger ships to TCP and thereby reduce their unit costs. This will bring benefits to both the carriers and the Brazilian exporters and importers.”
Efficiency has been an important focus for the terminal since its acquisition by U.S.-based private equity firm Advent International in 2011. Productivity has risen from fewer than 30 container moves an hour in 2010 to an average of 79 last month.
“Within 18 months, TCP has eliminated waiting time to berth and more than doubled the berth productivity by a combination of changing the culture and investing in new equipment,” said Jesper Kjaedegaard, a non-executive board director and an adviser to the terminal. “What used to be a port call requiring some 48 hours is now being reliably and consistently completed within 12-18 hours which has a huge cost benefit to TCP’s clients.”
TCP is building a 315-meter extension to the terminal that will expand its berth capacity to more than 1.5 million 20-foot-equivalent units. The project is expected to be completed by November 2013.