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Port Regulator In Brazil Target Bunge
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Brazil port regulator targets Bunge, two port agencies in probe | Hellenic Shipping News Worldwide
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Brazil Port Regulator Targets Bunge, Two Port Agencies
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Bunge s bid to extend Brazil grains port deal blocked by injunction Reuters 4 hrs ago
SAO PAULO, April 14 (Reuters) - A bid by agricultural commodities trader Bunge to extend its dominant role at a strategic Brazilian port s public terminal for two years has been blocked by a temporary court decision, according to documents seen by Reuters.
The decision is the latest twist in a long-running dispute between Bunge s port agent Litoral Soluções and rivals who complain it has been granted a virtual monopoly at the public terminal, which sits adjacent to two private terminals, one owned by Bunge itself and another by a local unit of Japan s Marubeni called Terlogs.