MOL Signs a Lease Contract with the Port of Rotterdam
September 18, 2007
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) .
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)|
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)|
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.