Amidst a sea of speculation over a Bloomberg article that revealed a key shareholding was about to be sold to PSA International, the global port operator, Wilson, Sons, the variegated shipping group based in Brazil has just returned record profits of Reais404.9M.

During the recent Intermodal South America trade show there was also much talk of Santos Brasil being sold to Terminal Investment Limited (TIL), the port operations arm of MSC, but the two parties are reported by informed sources, “not to have been able to agree a price.”

Some commentators suggest that the recent hike in the share prices for both companies is the main reason why sale prices cannot be agreed upon.