PSA closes one of its Zeebrugge terminals

Singapore-based port operator PSA International has begun procedures to close its Container Handling Zeebrugge (CHZ) terminal citing a lack of profitability, Dutch news outlet Flows reported.

CHZ, which is a joint venture between PSA (65%) and CMA CGM’s Terminal Link with a capacity of 1.1m teu, is reportedly being closed because a sharp decrease in volumes made the terminal no longer profitable, thus no longer viable under PSA.

PSA has reportedly said that, in addition to the ongoing economic slowdown and increasing competition, the continuing wave of consolidation in the shipping industry has had a negative impact on the activities of CHZ, resulting in a severe decline in volumes over the past years.