NEW BOX TERMINAL FOR MARIN

Kritikos, who was instrumental in developing the terminal along with the Amsterdam municipality, sold Ceres Terminals Inc to NYK Lines in the autumn of 2002.

The Perez Torres group is investing ¢1.4m in the construction of a new container terminal at Marin in northwest Spain which is due to enter operation at the end of March. The new facility will replace the existing terminal and boast 70,000 sq metres of operating area, as well as a 250 metre long key with alongside draught of 12 metres. Initially, operations will be restricted to 47,000 sq metres which is similar to the size of the existing terminal. Two quayside gantry cranes will undertake all handling work, one of which will be moved over from the old terminal and the other acquired nearly new or secondhand.