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Ports on the rise! Federal dock companies reversed financial losses and started to operate at a profit

Written by Flavia Marinho
Published 19/01/2020 às 20:42
Ports on the rise! Federal dock companies reversed financial losses and started to operate at a profit
Ports on the rise! Federal dock companies reversed financial losses and started to operate at a profit

Ports on the rise! Ministry of Infrastructure points out that three federal dock companies reversed a history of losses and started operating at a profit in 2019.

Ports on the rise, the horizon for the port sector is extensive for 2020! In addition to the privatization process of Codesa (Companhia Docas do Espírito Santo), SPA, and the administration of the Port of São Sebastião (SP), the government plans to carry out 15 auctions – nine port terminals have already been qualified by the PPI (Program for Investment Partnerships). The forecast is that, by 2022, 28 auctions will be held, with investments of around R$ 3,8 billion. The week ends with many job vacancies for works and projects in Porto do Açu.

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The survey carried out by the Ministry of Infrastructure also points to a growth of 1% in the movement of Brazilian ports between the two years. The data is from Agency National Waterway Transport and port authorities, and take into account values ​​up to October 2019.

In 2019, three of the seven federal dock companies reversed financial losses and started to operate at a profit. They are: SPA (Santos Port Authority), which manages the Port of Santos (SP), Codeba (Companhia Docas da Bahia), which manages the ports of Salvador (BA), Ilhéus (BA) and Aratu (BA), and CDP (Companhia Docas do Pará), which manages the ports of Santarém (PA), Miramar (PA), Itaituba (PA), Vila do Conde (PA), Belém (PA), Outeiros (PA) and Óbidos (PA) ).

According to data presented by the Ministry of Infrastructure, the result of the federal docks also increased 17 times, reversing the negative balance of BRL 1 billion to a loss of BRL 58 million, which reveals the evolution of the balance sheets of the companies, between 2018 and 2019.

CDP went from a loss of BRL 33 million in 2018 to a profit of BRL 35 million last year. Codeba reversed its loss of R$ 11,4 million to a profit of R$ 9,7 million between the two years. Finally, SPA went from a loss of BRL 468 million in 2018 to a profit of BRL 150 million in 2019.

“This is the result of improved management, reduction of payroll expenses, optimization of contracts, increased revenue and updating of tariff tables”, explains the national secretary of Ports and Waterway Transport, Diogo Piloni. “Some docks that had losses for years managed to reverse their balance sheets. Furthermore, even those that did not start to operate at a profit managed to improve their financial results”, he points out.

19 terminals had growth in the volume of cargo handled. Among them is Santarém (PA), which ranked first and had a growth of 30,7% in 2019. Next comes the Port of Itajaí (SC), with an increase of 23,2% compared to 2018. the Port of Vila do Conde (PA) was in third place, with an increase of 19,3% in the volume of cargo shipped.

According to Piloni, the only reason the results weren't even better was due to the rupture of the VALE dam, in Brumadinho (MG), in January last year, which impacted iron ore exports throughout the country. “In addition, the outbreak of swine fever in China, the main consumer of Brazilian soybeans, impacted the volume of grain exported to the Asian country”, he assesses. Even so, among the 19 ports that recorded a positive balance, there was a 6,1% growth in handling, which went from 296 million tons shipped in 2018 to 313 million tons handled in 2019.

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Flavia Marinho

Flavia Marinho is a postgraduate engineer with extensive experience in the onshore and offshore shipbuilding industry. In recent years, she has dedicated herself to writing articles for news websites in the areas of industry, oil and gas, energy, shipbuilding, geopolitics, jobs and courses. Contact her for suggestions, job openings or advertising on our portal.

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