Fluor Daniel Wright, Merrill Lynch - N M Rothschild et al, Privatization of Companhia Vale do Rio Doce (CVRD). Seaport joined the Merrill Lynch - N M Rothschild et al consortium study of privatizing CVRD, the Brazilian state mining and industrial holding company. The consortiums client was the National Economic and Social Development Bank of Brazil (BNDES).

Seaport was responsible for reviews of the ports of Tubarão and Ponta da Madeira, and Navegação Vale do Rio Doce S/A (Docenave), CVRDs bulk shipping company. The work involved evaluating the management and operations of the ports, and modeling the ports financial performances over the next 15 years as part of the valuation exercise. The study also involved detailed financial evaluation and modeling of Docenave.