New Thessaloniki owners vow to make port a junction for Southeast Europe

New Thessaloniki owners vow to make port a junction for Southeast Europe

“A junction in Southeastern Europe”. That is how the new owners of Thessaloniki port in the northeast of Greece have described their ambition in developing the nation’s second largest port.

Holding their first press conference since winning the bid to privatise the port in late April Deutsche Invest Equity Partners (DIEP) with the subsidiary of France’s CMA CGM, Terminal Link and the Savvidis Group vowed yesterday to transform the port.

The consortium has paid EUR231.92m for a 67% stake in the port.

“We shall make the port of Thessaloniki a junction in Southeastern Europe,” the managing director of DIEP, Alexander von Mellenthin, stated.

The aim now was to develop logistics centres at the port and also at its hinterland in countries such as Bulgaria and Macedonia.

Greece’s top port, Piraeus, was privatised last year with Cosco taking it.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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