MSC withdraws Montevideo terminal project

MSC has sought permission to withdraw a proposal it put forward to create a second container terminal in the Port of Montevideo Photo: Worthalter/Wikimedia Commons/Public Domain MSC has sought permission to withdraw a proposal it put forward to create a second container terminal in the Port of Montevideo Photo: Worthalter/Wikimedia Commons/Public Domain
Industry Database

Mediterranean Shipping Company (MSC) has sought permission to withdraw a proposal it put forward to create a second container terminal in the Port of Montevideo in Uruguay.

A committee set up by the Administración Nacional de Puertos, or National Ports Administration (ANP), to analyse the project is now having to decide whether the representative of MSC that wants to discontinue is legally the same person that submitted it in the first place, and whether they have the power to withdraw the original request.

The formal submission was made to the ANP on January 17 this year, for what would be a multipurpose container terminal. A technical commission composed of officials from the commercial, legal and operational areas of ANP was then set up to prepare a feasibility study within 90 days, allowing them to say in mid-May whether the project made financial sense or not.

The original move was seen by some as a means for MSC to put pressure on Katoen Natie to sell its existing container terminal at a discount, since the Belgian operator had earlier announced it wished to withdraw from the Port of Montevideo.

LATEST PRESS RELEASES

Intermodal Europe 2018 steers the way for the global container shipping industry

With the global container shipping market currently estimated to be worth $4 trillion and representi... Read more

A TRADITIONAL TMS, WE DON'T THINK SO

1-Stop Connections (1-Stop) is the industry leader in solving supply chain challenges to speed upthe... Read more

Arctic Route: an historic milestone for SOGET and S)ONE

On September 6th, at the Radicatel Terminal which is located between Le Havre and Rouen, the special... Read more

SOMACOM chooses TGIBOX to access to a real time geolocalization of its CHE

Since the beginning of June, SOMACOM is operating TGIBOX with 4 Straddle Carriers on the container t... Read more

KRIBI port chooses OSCAR Terminal Operating System !

To achieve its ambition to become an essential logistics platform in the Central African region, the... Read more

World’s smartest digital port with Northern collaboration:

World’s smartest digital port with Northern collaboration: Largest multipurpose port in Finland adop... Read more

View all