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China Excluded From Another Adriatic Port

China excluded from another Adriatic port

Rijeka, Croatia (PortSEurope) November 9, 2021 – Last week, it was announced that a joint venture of APM Terminals and the local ENNA had been awarded 50-year concession agreement for Rijeka Gateway, on the North Adriatic coast of Croatia. This is the second time that Chinese companies have been unsuccessful in concession bids – Trieste and now Rijeka, both of whom looked to other countries’
investment. The Zagreb Deep Sea Container Terminal (ZDSCT) will cover a total surface area of approximately 20 hectares (680 m long and 300 m wide). Part of the area is occupied by the existing working areas of the port (piers, roads, tracks, warehouses, installations, energy facilities, facilities for employees, etc.), with a total area of approximately 10.3 ha. The second part of the terminal area of approximately 7.2 ha is obtained by building the new pier and backfilling the sea. Last September, HHLA agreed to take a majority stake of 50.01% in Trieste port’s multi-function terminal Piattaforma Logistica Trieste srl (PLT). Trieste was sought because of its ideal location and highly developed intermodal rail connections into central and northern Europe. HHLA rail subsidiary Metrans already connects the Port of Trieste with its European intermodal network. Read: PortSEurope – HHLA invests in the Adriatic port of Trieste Before the HHLA deal was sealed, China Merchants Group was rumoured to be having a similar conversation with the Trieste port authorities. At the time, Angela Titzrath, chairwoman of HHLA, commented: “The Adriatic region has been developing very dynamically in the past few years. As the northernmost port in the Mediterranean, Trieste is the southern gateway to Central and Eastern Europe. The investment is a strategic expansion to our existing port and intermodal network. The terminal gives us the opportunity to actively participate in and help shape new and changing cargo flows and underline our ambitions to grow internationally. At the same time, we will continue to enhance our terminals in Hamburg by investing in facilities and technology. We are a Hamburg company, at home in Europe and operating globally.” COSCO’s primary port hub is in Piraeus where it virtually controls the port, and is also set to invest further (additional TEU capacity and a new cruise ship terminal). However, Piraeus is one of the region’s ports furthest from north and central European markets, and does not benefit from Trieste’s location or extensive cargo rail network. Regarding Rijeka, local sources have reported that a previously tender for the project, since cancelled, had attracted interest from Chinese companies, a development that would not have been welcomed in either Brussels or Washington. The first offer was by a consortium of three Chinese companies: Ningbo Zhoushan Port Company Limited (holds a stake of 70% in the consortium), Tianjin Port Overseas Holding Limited (20%) and China Road and Bridge Corporation (10%). APM Terminals, part of A.P. Moeller, is an international container terminal operating company headquartered in The Hague, Netherlands. It is one of the world’s largest port and terminal operators as well as providing cargo support and container inland services. Enna Logic is part of the local PPD. More PortSEurope new about the Port of Rijeka Copyright (C) PortSEurope. All Rights Reserved. 2021.

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