Bahia state port authority registers 13% growth in 2019 revenuesMar, 11, 2020 Posted by Sylvia Schandert
The State of Bahia Port Authority, CODEBA, closed 2019 with revenues up 13.36% compared to 2018 at over R$ 158 million. Total throughput reached 11,296,798 tons, an increase of 1.34% in relation to 2018.
This increase was driven by the Port of Salvador, which registered 9.18% growth off the back of dry bulk cargoes.
In the three ports managed by the company – Salvador, Aratu and Ilhéus – break bulk throughput grew 23.16%, mainly due to exports of eucalyptus, iron ore and cocoa from the Port of Ilhéus.
Considering the last five years, 2019 saw record monthly throughput figures in the months of January, March, June, July and October.
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