Sponsored By

HPH Spain unit invests in inland terminal companyHPH Spain unit invests in inland terminal company

Hutchison Port Holdings' Spanish unit Barcelona Europe South Terminal (BEST), has acquired a 20% stake in inland terminalcompany Depot tmZ Services.

Vincent Wee, Hong Kong and South East Asia Correspondent

June 26, 2015

1 Min Read
Kalyakan - stock.adobe.com

Depot tmZ operates the Maritime Terminal of Zaragoza (TMZ), one of Spain’s most important inland terminals. Commenting on the acquisition, Guillermo Belcastro, General Manager of BEST, said: “TMZ is a perfect fit with BEST’s semi-automated container terminal in the Port of Barcelona. This new acquisition will help us provide comprehensive logistics solutions by developing our hinterland network throughout Spain and southern France.

“Zaragoza is strategically located mid-way between Barcelona and Madrid and within 300km of some of Spain’s most important industrial areas including Catalonia, Aragón, the Basque region and Valencia. Combining TMZ’s ability to transfer containers to all these destinations with BEST’s deep-sea shipping connections offers logistics solutions that are efficient, economical and environmentally sustainable,” he added.

In cooperation with other rail operators BEST has been working to increase the range and frequency of rail services including, since January 2015, a new direct daily connection to the Madrid area.

Following the acquisition, Depot tmZ Services in Zaragoza will be owned by BEST (20%), Terminal de Contenidors de Barcelona (45%) and TMZ (35%).

About the Author

Vincent Wee

Hong Kong and South East Asia Correspondent

Vincent Wee is Seatrade's Hong Kong correspondent covering Hong Kong and South China while also making use of his Malay language skills to cover the Malaysia and Indonesia markets. He has gained a keen insight and extensive knowledge of the offshore oil and gas markets gleaned while covering major rig builders and offshore supply vessel providers.

Vincent has been a journalist for over 15 years, spending the bulk of his career with Singapore's biggest business daily the Business Times, and covering shipping and logistics since 2007. Prior to that he spent several years working for Brunei's main English language daily as well as various other trade publications.

Get the latest maritime news, analysis and more delivered to your inbox
Join 12,000+ members of the maritime community

You May Also Like