Global shipping groups are looking to Brazil's courts to overturn competition rules that bar them from participating in the first round of bidding on a major new container terminal at Latin America's largest port,
Global shipping groups are looking to Brazil's courts to overturn competition rules that bar them from participating in the first round of bidding on a major new container terminal at Latin America's largest port, due to take place later this year.
Danish shipping group Maersk filed a lawsuit on Monday in Sao Paulo against Brazil's marine transport authority (Antaq), and its general director, according to a document seen by Reuters. The lawsuit called for "procedural corrections to ensure a fair process" to assign the Tecon 10 terminal at the Port of Santos.
The bidding rules, defined by Antaq, are under review by Brazil's federal audit court (TCU).
The privately held MSC Group is also hoping for a change in the rules. Patricio Junior, regional investment director at MSC's subsidiary Terminal Investment Limited, said TIL is considering a lawsuit if the TCU does not impose changes to the process.
The auction rules would bar Maersk, MSC and other operators of existing container terminals at Santos from the first round of bidding to build and run the new megaterminal, expected to require 5.6 billion reais ($1.0 billion) of investment.
That may open the door for Asian rivals or a local player such
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