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            september 21, 2019

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Cosco-APMT container terminal to open west of Genoa in December


A new semi-automated container terminal in Vado Ligure in northern Italy between Genoa and Nice will open in mid-December, reports Singapore's Splash 247.
The terminal, jointly owned by Maersk's APM Terminals (50.1 per cent), 40 per cent by Cosco Shipping Ports and 9.9 per cent by Qingdao Port International Development, will start from 450-metre quay with, 16 metres alongside worked by four ship-to-shore cranes handling ships of up to 23 rows across.
The second phase will be completed in the third quarter of 2020 giving a quayside length of 700 metres, five ship-to-shore cranes and an annual capacity of 860,000 TEU.
Some services from Maersk Line and Cosco Shipping are expected to move from the nearby terminals Voltri Terminal Europa, Sech and Las Spezia.
For the Chinese Port of Qingdao this terminal was the first overseas investment completed and since then it has come in for a similar type of minor stake investment with Cosco in Abu Dhabi, said the report.

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