MSC and TO Delta investing over $200m in Trieste container terminal

MSC and TO Delta investing over $200m in Trieste container terminal

MSC, through its Italian subsidiary Marinvest, and main shareholder TO Delta Group have been awarded a 60 years extension for the concession to operate the container terminal at the north Adriatic port of Trieste.

Trieste Marine Terminal has just signed an agreement with the local port authority that will run until 2074 in a deal which will see upgrades to the terminal worth around €190m ($205m).

Phase one of the development will see the port infrastructure upgraded through land filling that will increase the quay length of 100m that will make it possible for the terminal to accommodate two 14,000 teu box ships simultaneously.

MSC, the world’s second largest ocean carrier, already accounts for 20 percent of Trieste’s container traffic and this is set to double from next year when larger vessels call at the North Adriatic terminal.

 

Nicola Capuzzo

Nicola is a highly qualified journalist focused on transport economics, logistics and shipping with broad experience in both online and printed media. Specialties: shipping, ship finance, banking, commodities and port economics. He regularly interviews Europe's top shipowner executives for Maritime CEO magazine.

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