Brazil: Port Reform Law Passes
Brazil’s president has passed a high-profile Port Reform Law (Medida Provisória dos Portos, Act No. 12,815/13), replacing the 1993 Port Law and opening the country’s 34 state-owned ports to private investment. The Bill aims to end restrictions on building private ports, streamline port infrastructure, and allow new investors to hire non-union labor. Brazil has long been plagued by logistics issues (so much so that shipping there has to accommodate the “Brazil Cost” related to delays, limited capacity, and high transport fees), so this recent move is being watched with high interest. Bids will be granted to operators who can produce high capacity in cargo volume, lower tariffs and shorter handing time at the dock.