Rickmers buys stake in Genoa terminal

Rickmers buys stake in Genoa terminal Rickmers-Linie, the Hamburg based specialist for breakbulk, heavy lift and project cargoes, said it has acquired a 12.5 percent shareholding in the Terminal San Giorgio (TSG) in Genoa.
   The Terminal San Giorgio is located at the Ponte Libia in the western part of the port of Genoa and comprises a total area of 19.7 acres and quay length of 550 meters. Stakes in the terminal are also owned by Gavio SpA and Finterminal, a daughter company of the Scerni Group.
   Rickmers-Linie vessels are regular callers at the terminal, with sailings of the company’s dedicated service to the Middle East and Indian Subcontinent every third week and fortnightly departures to South East Asia and the Far East as part of its Round-The-World Pearl String Service.
   “We are now holding shares in all three of the terminals in Europe we serve on a regular basis. We have thus secured for ourselves, and even more importantly for our customers, access to handling capacity in these ports for the cargoes carried on our vessels,” said Jan B. Steffens, president and chief executive officer of Rickmers-Linie.