Not to be outdone, MSC announced the acquisition of a container terminal in Europe

- Mar 22, 2019-

Contship Italia, the Italian container terminal operator, confirmed that it is in discussions to sell its Medcenter container terminal to MSC.The move could largely mark the end of the common user transshipment business in the Mediterranean region.

It said in a statement: "Contship Italy has been in talks with MSC to sell its 50 per cent stake in CSM Italia Gate.CSM Italia Gate controls the MCT and Medcenter container terminals."

" MCT is a franchisee of the Gioia Tauro port container terminal event and MSC is already a partner and key customer."" the Medcenter container terminal will continue to be fully operational during the negotiations." "It added.

The two companies have been locked in a dispute for more than a year, and Alphaliner reported that the argument was over how much more the company should invest in a terminal facility.Over the years, the facility has transformed from a true co-user transhipment terminal into a msc-led transhipment terminal.

A more pointed assessment was made in the 2017 annual report of Eurokai, the germany-based parent company of Contship in Italy.

"MCT has only one customer, MSC, the world's second largest shipping company, although the terminal partner is a very rare shipowner customer."" MCT's current requirements for Contship Italia and Eurokai's management resources are above average.It said.

Last year, Gioia Tauro's throughput fell 4.5 per cent to 2.29 million teu, while Contship's other transshipment facilities at the port of cagliari in Sardinia fell 50 per cent due to the loss of hapag-lloyd.

"If the deal is successful, which looks likely, it actually marks the end of the 'independent' non-liner affiliated transhipment centre in the Mediterranean," said Neil Davidson, senior ports and terminals at Drewry Maritime Advisors.

Several transfer terminals at all major hubs -Algeciras, Piraeus, Malta Freeport, Valencia, Tanger Med, East Port Said, Barcelona, Ambarli and now Gioia Tauro - will be controlled directly or indirectly by major airlines.

Terminals unrelated to shipping companies such as Cagliari are struggling, while malaga is moving in and out of the market and can only return with maersk's support.

"it will be interesting to see what happens in the evergreen shipping hub of Taranto - there has been no business since 2015 and now independent terminal operator Yilport is taking it over." 

" that said, Yilport has close ties to CMA CGM, in which parent company Yildirim owns a 24% stake."