PORT OF AÇU TO BUILD TANK TERMINAL FOR FUEL STORAGE

The Port of Açu, in Rio de Janeiro, will open its first liquid bulk terminal in December 2026 with an initial storage capacity of 40,000 m³, expandable to 300,000 m³. Vast, controlled by Prumo, is investing R$250 million in the first phase, supported by long-term contracts with Efen (Prumo and BP’s marine fuel supplier) and Vibra, which will store marine diesel and base oil. Financing details are expected by year-end. Meanwhile, the port faces issues with the bankrupt shipbuilding firm OSX, once part of Eike Batista’s X Group. OSX shifted from shipbuilding to leasing land at Açu but never paid rent, accumulating R$7.6 billion in debt, with Vessel Fund, Caixa Econômica, and the Port of Açu among its largest creditors. Prumo CEO Rogério Zampronha said the company is pursuing arbitration to reclaim the land and resolve unpaid rent disputes.
Source: Valor Econômico / Datamar News