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Traffic Marsalokk Port Sees Sharp Drop In 2019

Traffic Marsalokk port sees sharp drop in 2019

Source: CMA CGM
Malta (PortSEurope) February 22, 2020 – Traffic handled by the container port at Marsalokk handled 2.72 million TEU in 2019, down a substantial 18% on the previous year’s 3.31 million TEU. The port handled 1,757 ships, down 21% on the previous year, and overall 2019 was one of the port’s worst years ever. The port is operated by Malta Freeport. Since its establishment in 1988,
Malta Freeport Terminals amalgamates the activities of container handling and industrial storage. Malta Freeport Terminals Ltd. was established in 2001 as the single operating company of both container terminals and the warehousing facilities.In October 2004, the government of Malta awarded CMA CGM, the French shipping line in the world, a 30-year concession to operate and develop Malta Freeport Terminals. Since its privatisation Malta Freeport Terminals has invested over €275 million in its facilities.  In February 2008, the Government of Malta granted CMA CGM an extension of the concession for Malta Freeport Terminals from 30 years to a total of 65 years. In November 2011, CMA-CGM transferred half of its shares in Malta Freeport Terminals to the Yildirim Group of Turkey. In June 2013, CMA CGM sold a 49% interest in port operator Terminal Link to China Merchants Holdings (International) Company Limited. Copyright (C) PortSEurope. All Rights Reserved. 2020.

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