Companhia Docas do Rio de Janeiro (CDRJ), the port authority that manages the Ports of Rio de Janeiro, Itaguaí, Niterói and Angra dos Reis, ended 2020 with a 21% increase in revenue. The turnover of approximately R$ 630 million represents the highest billing ever and is the largest growth during the last 10 years out of a succession of consecutive increases of 19.4% in 2017 16.8% in 2018 and 13.6% in 2019 (fourth-highest increase in the period). According to the figures released by the Market Relations and Planning department, revenues were higher than in 2019 by R$ 108 million. The record amount is due to a combination of factors: the sustaining of operations during the pandemic, the resilience of container operators during the crisis, the recovery of iron ore handling after a fall in 2019, the successful negotiations with commercial partners, and the sharp increase in the price of iron ore in reais. At the iron ore terminals, which account for approximately 72% of the product volume handled at the ports managed by CDRJ, there was a recovery in the movement that had fallen in 2019. Iron ore handling in 2020 was about 3% higher than in 2019.
Source: Datamar News