DEME has officially signed the 25‐year concession contract1 with Brazil’s National Secretariat of Ports and the National Waterway Transportation Agency , formally securing Brazil’s port access channel concession for the Port of Paranaguá. The Paranaguá Port Channel Company SPE S.A., owned by DEME and FTS Participações Societárias , will carry out the full scope of works for the Port of Paranaguá – Brazil’s second‐largest public port in the state of Paraná. With all administrative steps now completed, DEME and FTS can move forward with the next phase of mobilization and implementation.

Following the successful auction in October 2025, in which DEME and FTS secured the 25-year concession, this final step officially entrusts the consortium with the operation, maintenance, improvement, and deepening of the marine access channel to the Port of Paranaguá.

The Port of Paranaguá plays a pivotal role in the handling of agribulk, containers, and liquid bulk, with annual throughput exceeding 70 million tons. The planned deepening of the channel – increasing draft capacity from 13.3 m to 15.5 m – together with ongoing maintenance dredging and enhancements to the nautical signaling system, will significantly boost operational efficiency and enable larger vessels to call at the port. These improvements further reinforce Paranaguá’s position as one of South America’s foremost export gateways.

The signing ceremony took place yesterday in Brasilia, in the presence of key authorities, including the President of Brazil, Luiz Inácio Lula da Silva, the Chief of Staff of the Presidency, Rui Costa, and the Minister of Ports and Airports, Silvio Costa Filho.

DEME’s partner, FTS Participações Societárias S.A., is an established port terminal and logistics operator active in the Port of Paranaguá and several other Brazilian ports.