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Runners and riders for new Valencia terminal

Friday, 02 November 2018 | 00:00

MSC, DP World and APM Terminals have all been linked with the new container terminal project in Valencia. Of these, MSC potentially has most to gain by moving to the new operating area, since it currently manages the smallest box terminal in the port.

MSC’s dedicated facility, which is known to already be operating at capacity, generated turnover of €100m in 2017 and posted a net profit of €13m. However, a shift of terminal areas would mean that it would also have to handle third party lines, since the terminal under tender is a public one.

DP World, which is active at Tarragona, has no other presence in Spain, and the new Valencia terminal would give it a good, initial presence.

APM Terminals bought the TCV Stevedoring Company in 2015, but also has a major presence in both Barcelona (Grup Maritim TCB) and Algeciras.

Hutchison Port Holdings, for its part, has a relatively-new terminal (Hutchison Ports BEST) in Barcelona, where business is booming and new cranes ordered.
Source: Port Strategy

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