New private port planned for Brazil's Paranagua

New private port planned for Brazil's Paranagua

The port of Paranagua, Brazil’s second-largest in tonnage terms and third-largest in container traffic, could soon have another container terminal, although some remain skeptical about the Novo Porto project with a capacity of 1.5 million twenty-foot-equivalent units and cost of 4 billion reais ($1.1 billion).