Monday , 23 September 2019
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Hutchison Port Holdings (HPH) and Evergreen Group (Evergreen) have signed an agreement through which HPH will become a shareholder of Taranto Container Terminal (TCT). The agreement involves swapping a share of Evergreen’s interest in TCT for a minority stake Hutchison’s London Thamesport and Rotterdam’s ECT Delta.

Hutchison becomes a shareholder in Taranto Container Terminal

“This new investment will enable HPH to establish its first transhipment presence in the Central Mediterranean (and) will further enhance our global relationship with Evergreen,” said John Meredith, HPH Group managing director.

Raymond Lin, vice group chairman of Evergreen Group said, “This is a win-win cooperation for our two companies. We are able to access HPH’s knowledge in common user terminal management and at the same time gain an interest in two very important deep sea container terminals in northern Europe.”

Taranto Container Terminal which commenced operations in 2001 under a 60-year concession occupies a land area of 100 hectares and has a total quay length of 2,050 m with 15.5 m depth alongside.