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Home Port News Eurogate, TiL expand MSC Gate JV agreement until 2048

Eurogate, TiL expand MSC Gate JV agreement until 2048

European container terminal operator Eurogate and Terminal Investment Limited (TiL), the terminal operating arm of MSC, have extended the contract signed in May 2004 for the joint operation of MSC Gate Bremerhaven (MSC Gate) for another 25 years at least, until 2048.

A review of the collaboration and discussions on agreement modifications between the shareholders were included in the contract and have now been completed, a few months before the joint venture's 20th anniversary, with a very positive result for MSC Gate and the entire port.

"With this contract extension, the basis for the continuation of the so far successful cooperation is given. This is very good news for Bremerhaven. We have achieved a lot together in the past almost 20 years. MSC Gate was able to establish itself as a reliable terminal partner in the network of our customer MSC. The christening of the 'MSC Michel Cappellini', one of the newest and largest ships in the MSC container ship fleet, a few weeks ago is proof of the importance of the terminal and the Bremerhaven location for MSC," stated Michael Blach, chairman of the Group Management Board of EUROGATE.

Blach further added, "Discussions are currently underway regarding a joint future-oriented modernization of MSC Gate. To this end, the adaptation of the quay and the outer Weser must be driven forward quickly in order to continue to score points in competition."

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