15.9 C
Saturday, September 23, 2023
Evergreen Line
Evergreen Line
Home Port News APM Terminals invests in Croatian box terminal development

APM Terminals invests in Croatian box terminal development

APM Terminals announced that a groundbreaking ceremony signaled the start of the construction of the planned Rijeka Gateway terminal in Croatia.

"This is the greatest investment in the Port of Rijeka's history, and it will produce more than 300 employees on the terminal itself," said Maersk-owned port operating company.

The container terminal will open in 2025, with a total investment of US$408 million (€380 million). Over the next two years, more than US$215 million will be invested in the first phase, with an additional US$193 million anticipated for the second phase over the next ten years.

Rijeka Gateway will be the most advanced, cutting-edge, remote-controlled container terminal in this part of Europe, according to APM Terminals, which said that with a concession period of 50 years, the terminal will act as a primary access point to hinterland countries and markets.

It will also play an important role in the growth of the local economy since most project contracts are and will continue to be completed by domestic and local businesses.

"In the first phase, we will be able to process a total of 650,000 TEUs annually, and we expect growth to over a million TEUs per year in the next phase. And in the long run, we expect that those numbers will keep on growing. We estimate in 2026, the fiscal contribution to the state will be around €100 million, growing up to €200 million after 2030," stated Tomislav Žunić, CFO and management board member of Rijeka Gateway.

Latest Posts

Port of Liverpool’s container division to commence redundancy consultations

Following a "sustained and significant deterioration" in container volumes at the port, the Port of Liverpool will commence redundancy consultations with workers in its container...

Singapore is top maritime centre for 10th consecutive year

Singapore is ranked the top maritime centre in the Xinhua-Baltic International Shipping Centre Development Index (ISCDI) Report for the tenth consecutive year.The report, published...

The Advantages of Geomembrane in Environmental Protection

As sustainability becomes a priority, more attention is turning to geomembrane for environmental safeguarding applications. Geomembranes are large impermeable sheets made of materials like polyvinyl...

SITC International spends over US$100 million buying ships and containers from associate

SITC International Holdings, the holding company of Hong Kong-based intra-Asia carrier SITC Container Lines, said on 21 September that it will spend over US$100...

New container service connects Europe with South America

ONE (Ocean Network Express) and Cosco Shipping will start the LUX service. This route connects Europe and the Mediterranean to the east coast of...