DP World Wins Limassol Port Contract
DP World, one of the world's biggest port operators, and the Cypriot logistics and services company GAP Vassilopoulos Public have won two concessions to manage commercial activities at Limassol Port in Cyprus starting in January. P&O Maritime Cyprus, a unit of DP World, won a 15-year concession to exclusively provide port marine services at Limassol. DP World will own 75 per cent of each joint venture, with its Cypriot partner owning the rest. Three contracts on the privatisation of Limassol port services were signed today at the Presidential Palace, marking ‘a new page for Cyprus’ great port’ according to Minister of Transportation Marios Demetriades.
EUROGATE Net Profit Up 13%
EUROGATE can look back on a good financial year, 2015. Despite difficult market conditions the European terminal operators Group increased its net profit by 13.4 percent to EUR 73.5 million (prior year EUR 64.9 million). Container handling at the German EUROGATE locations grew faster than the market. In Bremerhaven, Wilhelmshaven and Hamburg EUROGATE 2015 hit with 8.2 million standard containers (TEU) 1.5 percent more boxes in order as 2014. The entire North Range ports recorded in the same period dropped by 1.6 percent. The total amount of the turned-up in the European group_container totaled 14.5 million TEU two percent on the previous year and corresponded to the market development: The total throughput of European ports 2015 was also increased by two percent rückläufig1.
Cyprus Picks Consortiums to Run Limassol Port
Cyprus has announced the names of successful bidders who will undertake three sectors of operations at the eastern Mediterranean island's primary port of Limassol. The first – comprising Germany’s logistics company EuroGate International, Cyprus’s Interorient Navigation Company and East Med Holdings, based in Luxembourg – will run the port’s container terminal. DP World Limited (majority participant) and G.A.P Vassilopoulos Public Ltd for Marine Services and DP World Limited (majority participant) and G.A.P Vassilopoulos Public Ltd for the Multi-purpose Terminal. "We are very satisfied with the process conducted and the end result since…
