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Container Shipping & Trade

Container Shipping & Trade

Contship Italia negotiates Italian terminal sale with MSC

Mon 18 Mar 2019 by Rebecca Moore

Contship Italia negotiates Italian terminal sale with MSC
Contship is planning to sell its shares in MCT to MSC

Contship Italia is negotiating the sale of its 50% shares in CSM Italia Gate, the company that controls Medcenter Container Terminal (MCT), to MSC.

MCT is the concessionaire of the container terminal activities in the port of Gioia Tauro where MSC is already a partner and the main customer.

Contship Italia said that “in order to speed up the deal, Contship Italia has appointed the law firm... and an independent financial advisor, who has been given the task of expressing the correct value of the terminal activity and assets”.

It said in a statement that during the negotiations, Medcenter Container Terminal will continue to be fully operational.

Contship Italia Group, which has been running the terminal for over 24 years, said in a statement that it is “fully committed to safeguard the employment levels, so as to preserve the value and competitiveness of the largest Italian container terminal. A key industrial reality that plays an extremely important role for the economy of the local territory and the entire south of Italy”.

MCT is a Contship transhipment hub, at the centre of the Mediterranean.

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