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Cosan Sa News

14 Jul 2016

Fire at Brazil's Rumo Sugar Terminal Disrupts Operations

A fire at the Rumo sugar and grain terminal in Brazil's Santos port that started early Thursday restricted operations but caused no injuries, according to a spokesman for the company controlled by sugar and ethanol producer Cosan SA. The blaze broke out around 4 a.m. local time (0700 GMT) and the company expects to resume normal operations by midday Thursday, the spokesman said. The fire started at a conveyor belt which connects two of Rumo's warehouse complexes and was controlled within an hour, after loading and unloading were temporarily suspended. News of the incident in the world's biggest sugar producing nation triggered a more than 4 percent rally in sugar prices . Futures have pared back some early gains but are still trading up 2.5 percent at 11:00 a.m. local time.

08 Apr 2015

Blocked Entrance to Santos Port to Open Overnight

Trucks will be able to access a blocked entrance at Santos, Brazil's largest port, at night while firefighters finish extinguishing a blaze at a nearby fuel-storage facility, city and port authorities said. The more flexible rules will provide some relief for grain exports that have slowed since Monday, when authorities restricted truck access to terminals on one side of the port while flames are extinguished. The firefighters' office in Sao Paulo state said via Twitter that one of six fuel tanks at the facility operated by Ultracargo, a unit of Brazilian chemical and fuel-distribution company Grupo Ultra, was still on fire. Highway police are escorting truck convoys past the blocked entrances, and 750 passed through in a convey on Tuesday.

07 Apr 2015

Access to Brazil's Largest Port Restricted after Fire

Trucks delivering grains and other goods to Brazil's largest port of Santos will be restricted through at least Wednesday, the port authority said on Tuesday, as a nearby fuel-storage facility burned for a sixth day. Three confirmed days of restricted arrivals will likely slow exports from the port responsible for moving one third of Brazil's soybeans, two sources with operations at the port told Reuters on condition of anonymity. Brazil, the world's No. 2 soybean producer, is finalizing the harvest of a record crop. Trucks heading to the right side of the port through the city of Santos on the Anchieta Highway were prevented from entering from midnight (0400 GMT) on Monday.

07 Apr 2015

Fire Still Restricts Trucks from Largest Brazilian Port

A fire at a fuel-storage facility at the Port of Santos, the largest port in Brazil, burned for a sixth day on Tuesday, restricting access to trucks delivering grains and other goods. Firefighters on Monday managed to extinguish the flames at a facility run by Ultracargo, a unit of Brazilian chemical and fuel-distribution company Grupo Ultra, only to see gasoline in one of the tanks reignite. By Tuesday morning two of the six fuel tanks at the facility were on fire, Ultracargo said in a statement. Police and highway operators have blocked much of the truck access to the port, and the harbor master has banned ship movements at terminals along the busy Alemoa docks. As a result, ships cannot restock bunker-fuel supplies.

11 Feb 2015

Regulator Approves Rumo's Takeover of Brazil Railway Firm ALL

Brazil's antitrust regulator Cade on Wednesday approved the takeover of the country's main railway operator America Latina Logistica SA by Rumo Logistica SA with restrictions to protect against unfair market advantages. The lead Cade investigator on the case, Gilvandro de Araujo, said restrictions on the merger would include guarantees of third-party access to Rumo's two dry bulk terminals at Santos, Brazil's biggest port. The restrictions are aimed at addressing concerns of sugar and grain producers and traders who fear the deal will create a monopoly on railway access to the port of Santos. Araujo also said executives of Cosan SA, the sugar and ethanol producer that belongs to the same industrial group as Rumo, would not be allowed to take management positions at the merged company.

05 Aug 2014

Cosan Declares Force Majeure to Some Sugar Clients

Brazilian sugar exporter Cosan SA declared force majeure to some clients after a fire destroyed one of its 11 warehouses at the Port of Santos, a press representative said on Tuesday. The measure was preventative while the company assesses the damage from the fire that firefighters controlled on Monday. Some orders could be delayed, the representative said. She declined to say how many clients were affected. One of two terminals operated by Rumo Logística, Cosan's transportation unit, was unaffected by the fire and at least one berth at the second terminal, terminal 19 started operating on Monday. Cosan is evaluating whether any of the 15,000 tonnes of sugar in Warehouse 10 could be saved and did not know when work to rebuild the warehouse could begin, the representative said.

04 Aug 2014

Fire Controlled at Brazil Sugar Export Terminal

Firefighters at Brazil's Santos Port contained a blaze at two sugar warehouses operated by Cosan SA early on Monday, but the damage threatened to disrupt exports. The fire broke out at the sugar terminal's Warehouse X at 4:30 p.m. local time (1930 GMT) on Sunday, and 100 firefighters were on site Monday morning, said press representatives for Cosan, Brazil's biggest sugar producer. The cause of the fire was unknown. Last October, fire gutted the Santos export terminal of Brazil's largest sugar trader, Copersucar SA, quickly sending futures prices up 6 percent and causing the trader to issue force majeure to its clients. A spokesman at the Santos fire department said workers had finished controlling the fire and started an "aftermath" operation around 4 a.m. local time.