UAE Port Operator Begins Ops in Brazil

UAE's Gulftainer is set to begin operations in Brazil.

UAE based logistics company Gulftainer is making its first foray into Latin America with a contract to undertake port operations in Recife Port in Brazil. Operations are set to begin in the second half of this month with an initial investment of $25 million in capital equipment. Gulftainer, which handles containers in Khorfakkan and Port Khalid in Sharjah, the Ruwais port in Abu Dhabi, and five other ports in the Comoros, Iraq, Pakistan, Turkey and Russia is interested into other ports in Latin America.