YILPORT submits bid to operate Taranto Container Terminal in Italy

18 July 2018 (Last Updated July 18th, 2018 12:57)

YILDIRIM Group of Companies subsidiary YILPORT has made an offer to secure concession for the operation of Taranto Container Terminal situated at the Port of Taranto in Italy.

YILPORT submits bid to operate Taranto Container Terminal in Italy
YILPORT seeks concession bid for Taranto Container Terminal in Italy. Credit: Yılport Holding Inc.

YILDIRIM Group of Companies subsidiary YILPORT has made an offer to secure concession for the operation of Taranto Container Terminal situated at the Port of Taranto in Italy.

The offer has been submitted to Ionian Sea Port Authority (AdSP), which manages the Port of Taranto.

It involves the operation of all the multi-purpose port terminals situated at the port that primarily serves southeastern Italy.

Capable of handling container traffic, bulk cargo and ro-ro traffic, the terminals are combined with intermodal networks to connect southern Italy to northern Italy and eventually the centre of Europe.

A proposal submitted by YILPORT covers developing and revamping the terminal facilities, improve the logistics network and serve general cargo and ro-ro traffic.

YILPORT noted that it aims to utilise the maximum capacity of the Port of Taranto and rapidly increase the annual cargo volumes.

The company intends to support volume growth through significant investments and employment upsurge.

AdSP is currently reviewing the concession offer submitted by YILPORT.

“The company intends to support volume growth through significant investments and employment upsurge.”

Based in Turkey, YILPORT currently operates 20 marine ports and six dry terminals in Turkey, Norway, Sweden, Ecuador, Peru, Malta, Portugal, and Spain.

YILPORT was formed in August 2011 to combine port and container terminal operations of Yildirim Group.

YILPORT currently ranks 13th among the global container terminal operators and aims to be ranked among the top ten container terminal operators by 2025.

YILDIRIM’s parent organisation owns a 24% stake in CMA CGM Group, the third-largest container shipping company.