Eurogate plans for Limassol transhipment return

摘要

The presidential election that takes place on 28 January in Cyprus could be crucial to the success of Eurogate's plans for its container concession in Port of Limassol, which is forging ahead with development plans to create an Eastern Mediterranean transhipment hub. Talks to reunite the divided island of Cyprus collapsed in 2017 over the crucial issue of Turkey's guarantor status following the reunification of the country. Talks will not start again until after the election. Eurogate ContainerTerminal Limassol (ECTL) chief operating officer George Pouros told Fairplay that the terminal will be able to handle 20,000 teu vessels from September, when two fully automatic cranes built by OMG in Padua, in northern Italy, come online. The EUR16 million (USD19.3 million) crane order included options on a further two cranes of the same specification and price to be ordered within a year.