Portugal moves ahead with big port developments

Portugal moves ahead with big port developments

The Portuguese government has approved plans to add 4.8m teu in annual capacity at the port of Sines.

PSA International’s Terminal XXI will get a EUR547m upgrade, upping the facility’s annual capacity from 2.3m teu to 4.1m teu.

Meanwhile, a brand new terminal will be built at Sines. The Vasco da Gama Terminal will likely cost EUR642m and will become a 3m teu facility once built. The port will now seek a terminal operator to take on this new 46-hectare site.

“The approval of these diplomas will allow the Port of Sines to be one of the main ports in the world and particularly in the West Med region, reaching over 7 million TEU capacity, guaranteeing the ability to compete and attract new cargo and customers from global logistics chains, reinforcing Sines in the international maritime-port context,” the port stated in a release yesterday.

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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1 Comment

  1. Avatar
    Valter
    August 1, 2019 at 12:51 am

    This is great news for Portugal. It could attract Tesla’s Megafactory and other big names bringing jobs THAT PAY! I’m hoping the Environmental consequences will be very small