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EU Approves Euroports

EU Approves Euroports
European Union regulators cleared a joint venture between Luxembourg-based Euroports and DP World for a new container terminal in the port of Liege.

EU Approves Euroports, DP World Terminal

European Union regulators cleared a joint venture between Luxembourg-based Euroports and DP World for a new container terminal in the port of Liege.

The EU fast tracked approval for the Trilogiport terminal in the inland Belgian port, saying it does not raise any competition concerns.

Euroports, which operates a network of bulk and breakbulk cargo terminals in seven European countries, is the majority shareholder in Trilogiport through Manuport Group, its Antwerp subsidiary.

The terminal, with a 600 meter quayside and an initial annual capacity of 100,000 20-foot equivalent units, is due to start operations in the summer.

The Port of Liege is developing a major new logistics park adjacent to Trilogiport.

Separately, the European Commission, the EU's executive arm, has closed an anti-trust investigation into a planned container ship pool in Germany to compensate owners for laid-up ships and lower charter rates.

The Commission said it ended its probe of the so-called Baltic Max Feeder scheme because it has been abandoned.

The Commission was concerned the pool was aimed at restricting the availability of ships in a bid to drive up charter rates.

Owners of around 350 vessels of up to 1,500 TEUs capacity signaled their interest in the scheme but it was pulled after failing to get support from German ship finance banks.

The EU's decision to launch an anti-trust investigation was among factors that swayed the banks to pull out of the pool.

www.turkishmaritime.com.tr

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