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Valencia to double box throughput to 5m TEU with MSC investment
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Posttime:2022-12-16
THE Spanish port of Valencia is to get a fourth container terminal with Terminal Investment Limited (TIL), a subsidiary of Mediterranean Shipping Co (MSC), spending more than EUR1 billion (US$1.05 billion) to develop the 5 million TEU facility to the north of existing box infrastructure.
The new container terminal project will have a surface area of some 137 hectares and 1,970 metres of berthing line and is being promoted as a green site, with all electricity coming from renewable sources and cold ironing on offer, reports Singapore's Splash 247.
Last year the port handled 5.6 million TEU, overtaking Piraeus to become the busiest boxport in the Mediterranean.
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