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YILPORT Issues Press Release Denying COSCO Link In Taranto Port

YILPORT issues press release denying COSCO link in Taranto port

Source: COSCO Shipping Ports Ltd
Taranto, Italy (PortSEurope) October 27, 2020 – YILPORT, the Turkish port operator, has issued a press release stating that it and/ot its affiliate San Cataldo Terminal Containers SpA has a partner ship relationship with China Ocean Shipping Company (COSCO). In the release, YILPORT says that various national newspapers have published articles alleging a “so-called partnership between YILPORT and Cosco” and describes the articles as “misleading
and untrue”. YILPORT emphasises that the two companies do not have shareholdings in eachother and that there is no “economic and/or strategic relationship between YILPORT and Cosco regarding the port of Taranto. In July last year, Terminal San Cataldo SpA, controlled by Yilport Holding AS, a company of the Yildirim Holding AS group, and Autorita’ di Sistema Portuale del Mar Ionio (AdSP – Ionian Sea Port Authority), signed a concession for the container terminal of the port of Taranto. In August this summer and in a separate issue linked to Taranto port, the President of Copasir, Raffaele Volpi, said that a summary document, from the country’s intelligence bodies, suggests interest from Chinese companies in the strategic area of ​​Taranto or the Ilva industrial plants. Comitato parlamentare per la sicurezza della Repubblica (Copasir) is a body of the Italian Parliament responsible for overseeing the activities of the Italian intelligence agencies. 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. COSCO Shipping Ports Limited is a leading global ports operator with a terminals portfolio covering the five main port regions in Mainland China, Southeast Asia, Middle East, Europe and the Mediterranean. Its Mediterranean terminal operations are located in Bilbao and Valencia (both Spain), Vado Ligure (Italy), Kumport (Turkey), Suez Canal (Egypt) and Piraeus (Greece). Copyright (C) PortSEurope. All Rights Reserved. 2020.

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