Orsero Group is using cash from a ship sale to to buy Vado Intermodal Operator from Pacorini
Vado Intermodal Operator (VIO) operates the Interporto di Vado multimodal facility near the Port of Savona-Vado. The deal has been made through Orsero’s GF Group, which is based in Savona.
Although the price has not been disclosed, GF is using part of the funds realised from its sale of three containerships for US$88.5M to Seachange. The ships are on charter to CCL Costa Container lines (part of Hamburg Süd) until the end of 2009.
CALA PONENTE, CALA PORTOFINO (both built in 2002) and CALA POSITANO (built in 1996) were the only assets left to GF after CCL was sold to Hamburg Süd in 2007. It will be recalled that Hamburg Süd declined to take over these < 2800 TEU ships as it considered them too small.
Orsero has also put up for sale two more 2800 TEU ships, CALA PIGAFETTA, delivered from Poland’s Nowa Stocznia yard this July and CALA PANCALDO, delivered in July 2007.
Vado Interporto occupies 213,000 m2 including 60,000 m2 of general warehousing and 15,000 m2 of cold storage. In future VIO can wotk even more closley with Orsero’s Reefer Terminal Spa, which handles some 0.5 mtpa of fruit and 250,000 TEU/year of container traffic in Savona-Vado.
Pacorini will continue to operate at the Interporto. The Trieste-based group is the world's leading coffee trader and handler, with sales of E160M in 2007.
