EUROPE

Bilbao box terminals consolidation mooted

19 years ago

Dragados-SPL is believed to be in the final stages of acquiring Bilbao-based box terminal TMB, despite the fact that the company is already the majority shareholder at the rival ATM terminal in the port. This would enable the company to control annual traffic of 500,000 teu.

Currently, both terminals are struggling to achieve projected throughput levels and have had to return parts of their terminal areas to the port authority in order to remain profitable.