APM Terminals (APMT) has purchased Vado Ligure Reefer Terminal in North-Western Italy, near Genoa, from the GF Group.
Reefer Terminal has been the largest refrigerated terminal in the Mediterranean for more than 30 years, handles 600,000 pallets a year as well as 275,000 teu.
The terms and the price of the deal were not disclosed.
Located on Italy’s northwest Ligurian Coast, Vado Reefer Terminal represents an annual throughout capacity of 275,000 TEUs, with 510 reefer plugs, a depth of 14.5 meters, and 465 meters of quay and handles 600,000 pallets of fresh fruit imported into northern Italy and inland European locations.
APMT acquired the terminal as part of its Vado port master plan to create new supply chains to markets in Northern Italy, Southern France, Switzerland and Bavaria. AMPT’s Vado port project is set to open in January 2018 with 800,000 teu annual capacity and a 17m depth to serve the vessels of the future.
The company claim it will be the only port in Italy able to handle ships of over 18,000 teu.
Despite of the sale the fruit and vegetable produce importer GF Group will remain customer at the terminal, with its weekly Central American service of the four GF Group owned refrigerated vessels.