Til Spending Spree Rolls Into Rotterdam

This announcement follows hot on the heels of other recently announced developments which include: the acquisition of 16 container terminals as part of the €5.7 billion acquisition of Bollore Africa Logistics; a proposal submitted in conjunction with Vietnam Marine Corporation to build a massive new transshipment terminal near Ho Chi Minh City at cost of US$6 billion over the next 18 years, the acquisition of majority ownership in two adjacent container terminals in Le Havre which is the forerunner of a capacity expansion plan costing US$700 million and taking a leading role in the development of the port of Valencia’s new container terminal at the port’s northern extension.

The scale of the spending undoubtedly reflects the new-found wealth of shipping lines fostered by COVID-19 and the ensuing volatility in supply lines. Effectively, it has provided MSC/TIL with the opportunity to establish its own container handling capacity in key locations as a path to bolstering freight volumes.

The new Hutchison Ports/TIL container terminal will be established in the Europhaven. Rotterdam, where the north side of the Hutchison Ports ECT Delta Terminal and Hutchison Ports Delta II are located. Both locations will be reconfigured to form part of the new facility which will also see the development of new terminal area with quay line development undertaken by the Port of Rotterdam Authority. Overall, the new terminal will consist of five deep-sea berths with a total length of 2.6 km. It will be developed on a phased basis with the first phase expected to commence operations in 2027.