EUROPE

MSC to go it alone at Genoa terminal

8 years ago

MSC will be the only manager of the Calata Bettolo Container Terminal being built in Italy’s major seaport the Port of Genoa.

This brings to an end the alliance between the shipping firm and Global Infrastructure Partners (GIP).

According to a news article, MSC will purchase GIP’s shares and hold 100% of the terminal.

The world’s second-biggest shipping line will now have to invest the €150m earmarked to put the terminal into operation.

According to Ports of Genoa, the container facility, with a 750-metre linear quay, 180,000-square metre terminal area and 550,000-teu per annum capacity, is the focal point of a major infrastructure project in the Ports of Genoa–Sampierdarena Basin.

MSC has declined to comment.