Saturday, 19 January 2019 | 20:46
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Boluda Identifies Possible Valencia Bidders

Friday, 11 January 2019 | 16:00

Spain’s Confederación General del Trabajo trade union reports that Vicente Boluda, president of both Boluda Corporación Marítima, which operates the Boluda shipping company, and Valencian business association Asociación Valenciana de Empresarios, has put forward his favourites to win the concession for Valencia’s fourth container terminal.

MSC, CMA CGM, DP World and PSA International all topped his list.

Mr Boluda said that the port is an extremely-attractive option for container shipping lines, since it is just two hours deviation from the main east–west shipping lane in the Mediterranean — compared with the nine hours it requires to reach Barcelona.

In particular, he singled out MSC, which has good reasons to bid since its existing container terminal in the port is by far the smallest of the three existing facilities and often forced to work at overcapacity, he said.

With COSCO having bought Noatum’s Valencia container handling operations, Mr Boluda said CMA CGM also has good reason to bid for the new concession.
Source: Port Strategy

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