Tuesday, June 28, 2011

Rotterdam terminal sale to Rhenus for USD35 million

DFDS is to sell its redundant Maasvlakte port terminal in Rotterdam to Rhenus Logistics for Dkr182 million (US$35m).

The sale follows the Danish shipping line’s acquisition of Norfolkline in July 2010 and the integration of its operations in the North Sea.

At the beginning of the year, DFDS’s ro-ro route between Rotterdam and Immingham was transferred from Maasvlakte to the Norfolkine terminal in Vlaardingen.

Following the sale, DFDS will increases its pre-tax profit expectation for this year to around Dkr595 million from Dkr550m.

DFDS entered a concession agreement for operating the Maasvlakte port terminal in 2002 and, following development operations, commenced in 2003. The terminal covers an area of 200,000sq metres, including three warehouses.

Rhenus Logistics has a business area focused on port terminal operations.
(Source: cargosystems)

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