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Montenegro Plans New Container Terminal For Bar Port

Montenegro plans new container terminal for Bar port

Bar, Montenegro (PortSEurope) August 11, 2020 – The Montenegro government has announced the construction of a new container terminal in the Adriatic port of Bar, part of the government’s Strategy for the Development of the Maritime Economy 2020-2030. Thus, Bar could become the first port of call for ships using the Adriatic Sea as a gateway to Europe. The new terminal will be constructed next
year using the business model of concessions and private-public partnerships. Completion is set for 2025 and the facility will have the capacity to handle vessels of over 22,000 TEU. New container-cargo capacity will also require investment in road, rail and ship infrastructure. Then, cargo received by ships can be transshipped to Europe, North Africa and West Asia. The port can develop as a major gateway for Serbian, Bosnian, Kosovan and Macedonian cargo, and with ongoing construction of the highway and connection to key transport corridors (Ten-T) in European Union countries. Turkey’s Global Ports Holding (GPH) acquired the operating rights of Port of Adria via privatization in 2013 and owns a majority stake in Port of Adria. The Port of Adria is a multipurpose port featuring a quay length of 1,440 m, with dedicated terminals for container ships, general cargo ships and cruise ships. The port covers a total area of 518.790 m² with nine berths, and has an annual capacity of 750,000 TEU and 6 million tons of general cargo. Since GPH took over, Port of Adria has allocated one of its piers to cruise ship traffic. Earlier this year, Luka Bar AD, operator of Bar port, reported three times more traffic in January 2020 than in the comparative period of 2019. January total transhipment was 227,615 tons, an increase of 2.7 times compared to the same period in 2019 when it amounted to 83,404 tons. Starting in March, the Covid-19 coronavirus crisis will have hit the port’s traffic numbers. A new terminal is likely to be of interest to both port terminal operators and global shipping companies, particularly from China, are likely to be interested. In February this year, Luka Bar said it was considering building a liquefied natural gas (LNG) terminal to handle imports of U.S. liquefied natural gas (LNG) into Europe, executive director Vladan Vučelić said. In the same month, Steven Winberg, US assistant secretary for fossil energy, visited the country to explore opportunities for the port to import U.S. LNG. Washington is seeking to increase exports to Europe as a new market and to challenge Russian gas supplies to Europe. Copyright (C) PortSEurope. All Rights Reserved. 2020.

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