Huge Port Envisioned by Tycoon Opens in Brazil - without Him
The launch this week of Prumo Logistica's $3.7 billion Port of Açu, the largest in Latin America, marked the revival of a Brazilian logistics hub many thought doomed when the empire of its former billionaire owner collapsed. Açu's more than 25 km (15.5 miles) of docks, piers and breakwaters is a much-needed step towards narrowing a crippling infrastructure gap in Latin America's largest economy. The Manhattan-sized industrial complex northeast of Rio de Janeiro, which officially opened on Tuesday, however, remains a far cry from the plans drafted by Eike Batista before his $60 billion EBX industrial empire disappeared almost overnight in 2013.
Crane Removes Containers to Aid Vessel
According to the reports, a container vessel APL Panama, stranded since Christmas Day off an Ensenada beach, now has its own jetty. Salvors commissioned the 500-ft. rock-and-sand ramp and hired a giant crane to carry containers ashore. The operation is the latest in a series of attempts to lighten the ship's load and get it floating again. Weighed down by cargo and pinned in by sand, the 880-ft. The ship was on a trans-Pacific route, and its cargo included electronic components for Baja California manufacturing plants as well as parts for car factories in central Mexico. The delay in delivery prompted Nissan, the Japanese car manufacturer, to stop producing vehicles for three days last week at its Aguascalientes facility.
