Brazil's Paranagua port conveyor belt idle amid explosion risk
Reuters
Published Apr 10, 2024 03:53PM ET
By Ana Mano
SAO PAULO (Reuters) - The Port of Paranagua, one of Brazil's busiest for sugar and grain exports, said on Wednesday one conveyor belt at its so-called export corridor remains inoperative after labor authorities idled it over a "risk of explosion."
The Paranagua Export Corridor Terminals Association (Atexp), comprising a group of 10 companies that operate in the facility, ships approximately 20 million tons of grains per year using that structure, according to its website.
A spokesperson for the port told Reuters the inoperative conveyor belt has not disrupted grain exports via the corridor, adding that five out of a total of six belts remain operational.
"Auditors from the ministry of labor found serious maintenance issues and excessive dust accumulation, which could lead to an explosion," shipping agent Williams said on Wednesday.
Williams added that the order to stop the conveyor belt may delay ship loading.
Atexp, whose exporters include Cargill and Louis Dreyfus Company, did not immediately reply to a request for comment.
The labor ministry could not be reached for comment. The order to idle the belt took effect on April 1, the port's spokesperson said.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.