EUROPE

New MSC-Gate venture gets Bremen cash backing

22 years ago

The state of Bremen has moved fast to pledge € 19m for infrastructure modernisation at Bremerhavens 30-year-old Container Terminal 1 to back the spectacular news that Eurogate and MSC will base their dedicated new MSC Gate 50-50 joint venture there.

MSC operates the world’s second biggest container fleet whilst Eurogate is Europe’s largest terminal operator. The partners say the new terminal, south of the Wilhelm Kaisen Container Terminal, will attract about half a million more TEUs.

Eurogate has already announced investment of €34m in the site.

Ports Senator Hartmut Perschau says the deal offered the Weser a “unique” chance to win more Asian trade.

Bremerhaven, Europe’s fourth biggest container port, faced “massive growth” as a result of the MSC concentration. “MSC is putting all its cards on the logistical advantages of Bremerhaven. ? That’s another economic quantum leap for our port”, declared Perschau.