EUROPE

DRAGADOS SPLASHES OUT

22 years ago

Spanish stevedoring group Dragados-SPL intends to invest € 74.5m on various projects during the current year of which the opening of the initial phase of the Malaga container terminal will absorb € 20m.

Chairman John Parker said he was pleased to be able to report a profit given the “parlous state of world financial markets” over the past year.

Operations have already commenced with Maersk Sealand running vessels from there to North African ports. A further €20m has been set aside for new terminal acquisitions while the rest is bound for existing installations in China, Santander, Valencia and at Sintax.