MANILA's International Container Terminal Services Inc's (ICTSI) Croatian subsidiary Adriatic Gate Container Terminal (AGCT) has handled a milestone throughput of two million TEU while the company celebrates its tenth anniversary, according to an Adriatic Gate press release.
The milestone highlights the company's highly successful public-private partnership with Luka Rijeka, Rijeka Port Authority, and the Government of Croatia.
'Two million TEU in 10 years is a remarkable feat for AGCT. We have been able and continue to attract new services and handle the largest vessels currently calling the Adriatic. Our rail operations have grown significantly, with our intermodal share increasing to 42 per cent and rail volume by more than 50 per cent over the last two years. Terminal volume has also more than doubled in the last decade,' said AGCT chief executive officer Emmanuel Papagiannakis.
ICTSI has since invested more than US$50 million to modernize the terminal, acquiring new equipment such as quay cranes, rubber tires, rail-mounted gantries, and has expanded the berth and yard, doubling the terminal's total annual capacity.
'We are proud that under ICTSI's management, AGCT has been able to consolidate its position as the country's main container terminal and expand further into the hinterlands. Around 70 per cent of our volume now comes from outside Croatia - from Central and Southeast Europe, which provides a solid platform for the Port of Rijeka's future growth and development,' said Mr Papagiannakis.
'We thank our loyal customers, our hardworking and dedicated employees, the Rijeka Port Authority, the City of Rijeka, and the Croatian Government for AGCT's continuing success in the last 10 years,' said Mr Papagiannakis.
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The milestone highlights the company's highly successful public-private partnership with Luka Rijeka, Rijeka Port Authority, and the Government of Croatia.
'Two million TEU in 10 years is a remarkable feat for AGCT. We have been able and continue to attract new services and handle the largest vessels currently calling the Adriatic. Our rail operations have grown significantly, with our intermodal share increasing to 42 per cent and rail volume by more than 50 per cent over the last two years. Terminal volume has also more than doubled in the last decade,' said AGCT chief executive officer Emmanuel Papagiannakis.
ICTSI has since invested more than US$50 million to modernize the terminal, acquiring new equipment such as quay cranes, rubber tires, rail-mounted gantries, and has expanded the berth and yard, doubling the terminal's total annual capacity.
'We are proud that under ICTSI's management, AGCT has been able to consolidate its position as the country's main container terminal and expand further into the hinterlands. Around 70 per cent of our volume now comes from outside Croatia - from Central and Southeast Europe, which provides a solid platform for the Port of Rijeka's future growth and development,' said Mr Papagiannakis.
'We thank our loyal customers, our hardworking and dedicated employees, the Rijeka Port Authority, the City of Rijeka, and the Croatian Government for AGCT's continuing success in the last 10 years,' said Mr Papagiannakis.
SeaNews Turkey