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Rotterdam World Gateway consortium signs terminal agreement

Rotterdam World Gateway consortium signs terminal agreement

Tokyo: The consortium of liner companies MOL (Japan), APL (Singapore), Hyundai Merchant Marine (South Korea), CMA CGM (France), and DPWorld (UAE) that formed joint venture company Rotterdam World Gateway have signed an agreement with the authorities at the Port of Rotterdam (pictured) for construction of the Maasvlakte 2 container terminal.

According to the agreement, Rotterdam World Gateway will have the right to operate the 156 hectare terminal for a period of 25 years upon completion of the building and equipment process. Operations are scheduled to start in late 2013.

"In view of the port congestion at Rotterdam - a gateway to Europe - and future growth of transport demands, the company saw a critical need to secure a self-operated terminal in the port," MOL said in a statement to the press. "The Port of Rotterdam has state-of-the-art facilities as well as full-scale railroad and road networks. MOL will improve further quality of its container services and develop Rotterdam as a centre of its European trade, by operating the most advanced, environment-friendly container terminal."  [19/09/07]