HHLA invests in Italy's Port of Trieste
The Hamburger Hafen und Logistik AG (HHLA) is taking a 50.01 per cent stake in the multi-functional “Piattaforma Logistica Trieste” (PLT) temminal in the Italian seaport of Trieste following an agreement on September 28, 2020. The investment allows HHLA to position itself in the growing Adriatic market, which holds great opportunities for development. The move marks HHLA’s third participation in a foreign port after Odessa (Ukraine) and Tallinn (Estonia). The transaction is expected to close in January 2021 pending various conditions.
Trieste - gateway to Central and Eastern Europe
Angela Titzrath, Chair of HHLA’s Executive Board, commented: “Trieste is the southern gateway to Central and Eastern Europe. The investment is a strategic expansion to our existing port and intermodal network.The terminal gives us the opportunity to actively participate in and help shape new and changing cargo flows and underline our ambitions to grow internationally." HHLA will also enhance the terminals in Hamburg by investing in facilities and technology. HHLA International GmbH is the contracting partner and responsible for its organization.
Rail link to intermodal network
The terminal is located on a 28-hectare site in the Port of Trieste. General cargo transports and logistic services are handled In the northern part while the heart of the terminal is emerging in a newly developed area in the souther part. Operations are expected to start there in the first quarter of 2021 and will focus on container and RoRo traffic. The terminal will then comprise approximately 300,000 TEU (standard containers), 90,000 RoRo units and 700,000 tonnes of general cargo. Adjacent areas offer opportunities for expanding the terminal. The PLT terminal in Trieste has its own rail connection and HHLA'a rail subsidiary, Metrans, already connects the Port of Trieste with its European intermodal network.