Hidrovias do Brasil SA, Sao Paulo, which operates a terminal at the Port of Santos via HB Santos, said on Dec. 1 it has signed a Memorandum of Understanding (MOU) with Rumo SA, which provides rail cargo transport services, to integrate logistics at the facility to serve fertilizer customers.
The MOU establishes an annual operation volume of 500,000 mt of fertilizer and is to be operated on a take-or-pay format. The MOU is valid for 180 days or until a definitive contract is signed, whichever occurs first. Implementation will depend on regulatory authorization and licenses.