Portos do Paraná, the Brazilian port authority, has entered into a letter of intent with representatives of China Merchants Port Holdings (CMPort), one of the world's largest container terminal operators. CMPort, already a shareholder in the Paranaguá Container Terminal (TCP), is poised to facilitate a significant expansion of the facility. Luiz Fernando Garcia, CEO of Portos do Paraná, stated, "Paraná was the first place in Brazil where CMPort chose to invest in 2018 and, years later, the company continues to invest in the state, which shows the credibility and relevance that Paraná has for one of the largest economic groups in the world. This signing comes as another stage in TCP’s infrastructure investments, with the aim of expanding capacity and maintaining the international excellence of its services." The Brazilian port sector is currently undergoing a period of transformation, with numerous auctions planned. As part of an accelerated port privatization initiative, 22 terminals are slated for auction by the end of 2025.