Brazil · BusinessKey Facts —Portonave Navegantes Portonave will invest R$2 billion (~US$392 million) to expand the Navegantes container terminal in Santa Catarina. —Ownership The terminal is controlled by Terminal Investment Limited (TiL), the ports arm of Swiss-based shipping giant Mediterranean Shipping Company (MSC). Portonave Navegantes, the Santa Catarina container terminal controlled by MSC’s Terminal Investment Limited (TiL), is pushing forward with a roughly R$2 billion (~US$392 million) modernization plan. A Brazilian container port (illustrative). Further south, in Santos, Latin America’s largest port, a separate multibillion-dollar auction for a new container terminal is advancing.