Cosco Pacific to invest in Rotterdam terminal

8/27/2008 9:53:03 AM

Cosco Pacific will take a stake in Rotterdam port, Europe's biggest cargo hub, in the second half of the year, according to the South China Morning Post.   Cosco Pacific and three shipping lines - "K'' Line, Hanjin Shipping and Yang Ming - will invest 12.5 per cent each in the new Euromax terminal, located in Rotterdam's Maasvlakte area by the end of this year. No financial details were disclosed.   Another company, Europe Container Terminals, will take a 51 per cent stake in Euromax, which is scheduled to open on September 5.   Following Port Piraeus in Greece, Euromax will be the fifth overseas investment by Cosco Pacific.   Euromax will have four berths and a capacity of 2.3 million TEUs per year.   Since Rotterdam is one of the busiest ports in the world, investors in Euromax expect to eventually expand the capacity to six million TEUs.   CargonewsAsia

RELATED NEWS

OTHER NEWS

Port of Vladivostok to build 600,000 TEU container terminal (8/27/2008 9:52:21 AM) Hamburg Sud to add fifth Brazil port of call (8/26/2008 10:31:12 AM) Zim adding Genoa call (8/26/2008 10:30:52 AM) CSAV Norasia to add Lisbon call on ANE service (8/26/2008 10:29:41 AM) Southampton Port plays host to 9,600-TEU CMA CGM giant (8/26/2008 10:29:23 AM) Hanjin Shipping extends Thailand feeder network (8/25/2008 9:56:26 AM) Maersk bolsters feeder capacity on Port Said-Ashdod route (8/25/2008 9:56:02 AM) Maersk adjusting Asia/Australia operations (8/23/2008 9:53:35 AM) NYK, Hapag-Lloyd ending U.S. East Coast/South America partnership (8/22/2008 10:24:23 AM) Cai Lan Port receives licence for three new wharves (8/22/2008 10:24:01 AM)

COMMENTS

Your comment

Content: Email / Name / Tel:

The most comprehensive and easy-to-use global marine weather application

With the Courtesy of Bao Hoang Yachts Co. Click "HERE" to get your own 30day free trail or contact Ms Phuong Bui at Vietnam Shipper: phuongbq@vil.com.vn / 08.39330 148