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Yilport And Arcelor Decisions Set To Benefit Taranto Port

Yilport and Arcelor decisions set to benefit Taranto port

Yilport And Arcelor Decisions Set To Benefit Taranto PortSource: Autorita’ di Sistema Portuale del Mar Ionio

Taranto, Italy (PortSEurope) November 22, 2018 – The recent announcements that Yilport is to operate a concession at the port and that Arcelor Mittal to to revive activities at the Ilva steelworks, are both set to benefit the port.

The port has experienced set back recently such as the withdrawal of the Evergreen shipping company.

The local administration needs to be able to exploit these decisions to the maximum benefit of the port and its city, building up its economic strength.

The mayor, Rinaldo Melucci, has withdrawn his resignation and says he is ready and confident to revive political and administrative action.

The Yilport 49-year concession is for the entire maritime state property called Polisettial Pier of the port of Taranto (with the exception of the Calata 5 and backwaters) in order to make the multipurpose terminal operational for the development of trade and logistics.

Yilport Holding is an international port operator with European commercial interests in Norway, Sweden, Turkey, Portugal and Spain. South European terminals include Gebze, Solventas, Gemport, Rotaport (all Turkey), Liscont, Figueira da For, Sotagas, Leixoes, Aveiro, Setubal, Tersado (all Portugal), Ferrol, and Huelva (both Spain). The company is part of Turkey’s Yildirim Group of companies.

Source: Buonasera Taranto

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