Santos Brasil rally defies competition threat

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With so much modernisation required to get Brazil’s port system up to scratch, it’s little wonder that even with strikes, congestion and red tape, Brazil’s private operators are constantly seeing such healthy share prices. That said, crippling industrial action is looming large once again at Santos, the country’s most important gateway – dockworkers have seized a ZPMC ship delivering a new load of container cranes to the port and have promised further industrial action this month and next in protest at government reforms that are allowing private operators to gain such significant control over the port.