EC clears megaship terminal project in Rotterdam
The European Commission has approved a proposed joint venture terminal between the container shipping company P&O Nedlloyd and Rotterdam terminal operator Europe Container Terminals (ECT), a subsidiary of Hutchison Port Holdings.
“Euromax will be the first terminal in Europe with the draft, terminal layout etc. to handle vessels of at least 12,500 TEUs,” a spokesman for the port of Rotterdam said. The terminal will provide a water draft of 17 meters (56 feet).
Euromax will develop and operate a 2.5-million-TEU deep-sea container terminal in the port of Rotterdam west of Maasvlakte oil terminal.
The EC said that the transaction would not significantly impede effective competition, and that it has therefore approved the concentration.
The new terminal operated by Euromax is expected to be operational in 2007.
EC clears megaship terminal project in Rotterdam
