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Yilport targets over two million teu for Taranto

Turkey’s Yilport Holding is targeting an annual throughput of over two million teu in ten years time at Taranto Container Terminal in Italy. That’s what Sergio Prete, president of the local port authority, told Splash after the contract signing ceremony with the terminal operator for a 49 years concession.

“For the first years Yilport will start handling annually some 200,000 teu with a target of 1 million teu per year in 2025. After that the business plan foresees a complete saturation of the terminal capacity which is almost 2.5 million teus per year before 2030,” stated Sergio Prete. “As for the investments required the new Turkish terminal operator planned to spend €400m during the whole term of the concession which is 49 years”.

Terminal San Cataldo, that’s the name of the new Italian company entirely controlled by Yilport, will be active on the market handling mainly containers, both as a gateway and as a transhipment hub, but also break bulk and ro-ro cargoes.

“Until the end of the current year we will see no containers handled at the terminal because in the first stage we will revamp all the quay cranes and the terminal equipment. At the same time we are going to start a commercial and marketing campaign aimed at attracting shipping companies and new traffic,” Robert Yildirim said. “Our intention is to create another success story in Taranto”.

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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