Singapore's transportation and logistics company NOL said it will be part of the consortium selected to develop a new container terminal at Rotterdam's new Maasvlakte 2 container terminal.

NOL said in a statement it has been advised by the Port of Rotterdam that a consortium comprising NOL, Hyundai Merchant Marine, MOL, DP World and CMA CGM has been awarded the right to equip and operate the first container terminal to be developed at Maasvlakte 2.

The 156 hectare terminal will have an annual capacity of around four million TEU when it becomes operational in 2013. NOL's stake in the consortium will be 20 per cent.

"We are very pleased to be part of the winning Maasvlakte 2 consortium," said Ron Widdows, CEO of NOL's container shipping arm APL. "As our key hub in Europe," he said, "the new terminal will help us deliver the speed, scale and flexibility now demanded by customers with increasingly complex supply chains, and greatly enhance the overall capabilities of the Port of Rotterdam. This investment will complement our extensive global network of container terminal assets."