Brazil’s FTS Group Wins Auction For Paranagua Grains Port Terminal

SAO PAULO, Feb 24 (Reuters) – FTS Group won an auction on Friday to operate a terminal at the port of Paranagua, one of the main ports in Brazil for grains and sugar, amid an uptick in shipping activity in the country. The group will have to invest at least 338.2 million reais ($64.91 million) in expansion works at the port’s terminal called PAR50, which deals with transport and storage of bulk liquids, said Portos do Parana, which manages ports in the southern Brazilian state of Parana. Luring private investors to logistics projects is crucial for Brazil, where farmers are expected to harvest more than...