European shipping companies Conti Lines and Rickmers-Linie have invested in Dubai Ports World's general cargo terminal at the Churchilldock in the Port of Antwerp, Belgium.
DP World will own 60 percent of the new joint venture, DP World Breakbulk NV, with the two other parties each controlling 20 percent. DP World will continue to manage and operate the terminal.
Antwerp-based Conti Lines already contributes a significant portion of the terminal's volumes while Hamburg-based Rickmers-Linie will move to the facility in January.
" We very much look forward to working with our partners, Conti-Lines and Rickmers-Linie and seeing the terminal go from strength to strength," said Eric Noterman, managing director of DP World Antwerp. "This cooperation is also the basis for creating a modern facility which can serve various customers. Jean-Frederic Brion, chief executive officer of Conti-Lines, said: This agreement is a genuine proof of our firm commitment to the trade. Our goal is to safeguard and guarantee the continuity of handling breakbulk cargoes in Antwerp in the future."
Rickmers-Linie CEO Jan B. Steffens said: This joint venture secures us specialized terminal capacity for the growing volumes of breakbulk, heavy lift and project cargoes shipped to and from Antwerp on our services, and enables us to develop and to offer value added services to our customers." |
