TOKYO - Mitsui O.S.K. Lines, Ltd. (MOL, President: Akimitsu Ashida) today
announced that on September 17, 2007, the new joint venture operating company,
Rotterdam World Gateway and the Port of Rotterdam signed the agreement
for building the superstructure, equipping and operating the new terminal
at the Maasvlakte 2 development in the port.
The shareholders of Rotterdam World Gateway include MOL(Japan), APL(Singapore),
Hyundai Merchant Marine(South Korea), CMA CGM(France) , and DPWorld(UAE)
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1. Details of lease contract
| (1) Lessee |
Rotterdam World Gateway B.V.
(Terminal operation company by 5 consortium member companies) |
| (2) Period of contract |
25 years |
| (3) Start of operation |
Late 2013 (plan) |
| (4) Signatories |
Port of Rotterdam: Chief Executive Officer Hans Smits
MOL: Executive Vice President Masakazu Yakushiji
APL: Chief Executive Officer Ronald D. Widdows
Hyundai Merchant Marine: Executive Vice President Chang Keun Yoo
CMA-CGM: Executive Vice President Kevork Hekimian
DPWorld: Vice Chairman Jamal Majid Bin Thanyia |
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2. Outline of terminal
| (1) Name |
Rotterdam World Gateway |
| (2) Location |
Maasvlakte 2 in Port of Rotterdam, the Netherlands |
| (3) Total floor area |
Approx. 156 hectares (1.56 million m2) |
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MOL has enhanced its container services in Europe by proactive fleet expansion
to ensure reliable services. In view of the port congestion at Rotterdam
- a gateway to Europe - and future growth of transport demands, the company
saw a critical need to secure a self-operated terminal in the port.
The Port of Rotterdam has state-of-the-art facilities as well as full-scale railroad and road networks. MOL will improve further quality of its container services and develop Rotterdam as a center of its European trade, by operating the most advanced, environment-friendly container terminal.
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