Filter content by area of interest
Ports & Terminals
Port AuthoritiesContainerBulkBreakbulk/General CargoRo-Ro/AutomotiveGTOs
Cargo Handling Equipment
STS CranesYard CranesMobile CHERo-Ro EquipmentBreakbulk EquipmentLow ThroughputBulk Handling Equipment
Shipping & Logistics
Container ShippingBreakbulk/General CargoRo-Ro ShippingDry Bulk ShippingLiquid cargoesLogistics
ICT
TOSPlanning & Optimisation TechnologyWiFiMobile ComputingPort Community SystemsAsset Tracking & Monitoring
Automation
Automated EquipmentGate AutomationRemote ControlProcess Automation
Multimodal
RailInland WaterwaysShortsea ShippingRoadAir-Cargo
Container Industry
Container manufactureContainer leasingRepair/StorageTradingConversion/Innovation
Refrigeration
Operations/TransportContainer leasingEquipmentM&R/Storage
Breakbulk
General cargoProject Cargo/Heavy LiftForest productsRo-Ro/AutomotiveAgribulks
Safety & Security
InsuranceHazardous cargoLashings/SecuringLegal/Regulatory
Civil Engineering
Port & terminal construction/designCivil & Consulting EngineersDredging & ReclamationMooring & FenderingLightingPaving & Surfacing
Environment
Business
InsuranceLegal/RegulatoryAppointments/PeopleMergers/Acquisitions/RestructuringFinance/Financial ResultsTrade & Professional AssociationsBusiness/Commerce Miscellaneous
 View all Topics View all Topics A-Z
More View all Topics View all Topics A-Z

You are viewing 1 of your 1 guest articles


register  or  login  for full access to online news

MSC to take forward Cattolo Bettolo on its own

The consortium of MSC and GIP Gruppo Investimenti Portuali formed to take forward the Cattolo Bettolo deep water container terminal project in the eastern part of the Port of Genoa, has melted away

 

Linked InTwitterFacebookeCard

As a result MSC will become the sole operator of the new terminal being built in the Sampierdarena, more or less backing on to the backlands of GIP’s SECH terminal on the Calata Sanità, with an on-dock IY separating them. SECH is currently the biggest container terminal in this part of the port. Under construction for many years by the port authority, the new container terminal is finally scheduled to be in operation by 2022 and requires an investment of €150M for a 33-year concession.

View of Cattolo Bettolo, with GIP's SECH facility in the background
View of Cattolo Bettolo, with GIP's SECH facility in the background

The decision to part company on the project appears to have been entirely consensual and hinges on a fundamental disagreement between the parties on the strategy for managing the future terminal, even though rumours of tension between them were denied earlier this year.

 

The “disengagement” procedure has been activated by the respective CEOs, Gian-Luigi Aponte and Guido Schenone. The development vehicle is known as Itaterminaux Sàrl, registered in Luxembourg, and the split was MSC 65%, GIP 35%, so in future MSC will control it 100%.

MSC, like all shipping lines controlling container terminals, sees Cattolo Bettolo as a cost centre that is part of an integrated logistics chain, whereas GIP is a pure terminal operator and needs to make a return on investments. The company, which also operates TDT Terminal Darsena Toscana in Livorno, is majority-owned by two investment funds, Infracapital and Infravia, with Schenone holding 5% of the shares.

Linked InTwitterFacebookeCard

You may also be interested in...

ZPMC moves in

Bunking up the logs for easy moves

Pulp facts to the fore in Montevideo

Hyster clamps up on reel handling

Sizing up the breakbulk market

Getting on the intermodal track

Related Stories

Antwerp and Zeebrugge in merger talks

Antwerp and Zeebrugge are embarking on formal negotiations for an amalgamation,...

New port at Bakassi?

The Nigerian federal government has approved the “outline business case” for the...

STI Chile hits 1M TEU again

San Antonio Terminal Internacional (STI) once again reached a throughput of 1M T...

Hamburg-Czech rail container traffic keeps growing

Rail container traffic between Hamburg and the Czech Republic recorded an 8.6% r...
Linked In
Twitter