Sale of terminal to MSC risks it becoming a single-user facility
OPERATOR Contship Italia has confirmed that it is in talks to sell its 50 per cent share in Medcenter Container Terminal to Mediterranean Shipping Company (MSC)
19 March 2019 - 19:00
It's a move that is likely to largely signal the close of common-user transshipment operations in the Mediterranean, London's Loadstar reported.
'Contship Italia has entered into negotiations with MSC for the sale of its 50 per cent share in CSM Italia Gate, the company that controls Medcenter Container Terminal,' a company statement said.
'MCT is the concessionaire of the container terminal activities in the port of Gioia Tauro where MSC is already a partner and the main customer.
'During the negotiations, Medcenter Container Terminal will continue to be fully operational,' it added.
The two have been in loggerheads for one year, with Alphaliner reporting that it is centred on how much to further invest in a facility that over the years has morphed from a genuine common-user transhipment terminal into one dominated by MSC.
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