Thursday, Sep 23, 2021
International Finance
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Sohar Port signs a strategic deal with Brazil’s Port of Pecém

Sohar Brazil _IF_Image
The agreement will now allow both the entities to collaboratively advance their The agreement will now allow both the entities to collaboratively advance their global maritime and logistics operationsmaritime and logistics operations

Sohar Port has signed a Memorandum of understanding (MoU) with Brazil’s Port of Pecém in Cear, which will now allow both the entities to collaboratively advance their global maritime and logistics operations, according to media reports.

The agreement also mentioned that along with sharing global maritime and logistics operations, this deal will also enact a number of shared objectives including the exploration of joint business opportunities, the exchange of knowledge and best practices, and developing technologies for green hydrogen and other renewables with its shareholders.

Mark Geilenkirchen, chief executive officer of SOHAR Port told the media, “International partnerships, like the one with Pecém, allow us to consolidate expertise that helps us strengthen and expand our world port network and foster economic competitiveness. Particularly with Brazil being such a strong player in food exports, Pecém is a welcome addition to our flourishing food cluster. At the same time, by showcasing the incredible success Vale has achieved in Oman over the last 10 years, it will enable us to demonstrate to Brazilian companies the vast opportunities SOHAR has to offer.”

Danilo Serpa, CEO of Complex of Pecém also chimed in, saying that their relationship with the Port of Rotterdam since 2018 has opened up numerous opportunities including this latest deal. Since SOHAR is located strategically on a global trade route connecting Europe and Asia, their connectivity is unraveled which has helped the company tap into the tremendous potential of the region. Pecém looks forward to inking both ports and bringing value to their shared customer base.

It has been observed that Port of Pecém is becoming the main hub for North and Northeast Brazil. It is considered to have the best port and connectivity in the hinterland, and it is also one of the few Brazilian terminals capable of handling ultra-large container vessels.

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