MSC transfers activities in port of Antwerp to Deurganck dock

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Mediterranean Shipping Company (MSC) is set to transfer all of its activities in the Port of Antwerp to Deurganck Dock, on the left bank of the Scheldt.

The Port Authority board of directors gave the go-ahead for the move on Monday evening. The transfer is necessary in order to permit further expansion by MSC in Antwerp. 
 
The shipping company announced at the end of last year that it wished to have a new location below the locks, not only because its present site in the Delwaide dock had reached saturation point but also because of the increasing size of the ships being introduced. The Deurganck dock was the obvious choice, as it is already used by the other members of the P3 alliance of which MSC forms part, and furthermore the alliance plans to make even greater use of it in future.
 
With a volume of 4.5 million TEU in 2013, MSC is the Port of Antwerp’s biggest container customer. However, the company’s Home Terminal in the Delwaide dock was already at full capacity in 2010, so no further growth in Antwerp has been possible since 2011. Indeed, MSC was forced to divert a large part of its growth to other ports in the Hamburg-Le Havre range, so that the level of activity in Antwerp remained static. Despite this, MSC and the other P3 partners confirmed their absolute confidence in Antwerp, so that the port saw its position as a leading western European container port further strengthened. Indeed, Antwerp is the only port in western Europe apart from Willemshaven to gain loops with the P3 network. But even without the P3 concept the move by MSC to a new, larger location would be essential, as MSC plans to use Antwerp as a base for its further development in the Benelux region.
 
The MSC Home Terminal is a joint venture between Terminal Investment Limited (TIL) on the one hand and PSA Antwerp on the other. PSA Antwerp also holds the concession on the West side of the Deurganck dock. In order to permit a smooth transfer in legal terms, it has been decided that PSA Antwerp will transfer its current concession in the Deurganck dock to a new company, namely PSA DGD, a PSA subsidiary in which TIL also has a stake.
 
In the meantime the name MSC Home Terminal will not survive the move: the proposal is for a MSC PSA European Terminal (MPET) on the West side of the Deurganck dock. The PSA DGD joint venture would have a capacity of more than 7 million TEU on the West side of the Deurganck dock. Based on current forecasts for growth – which include not only the expected expansion by MSC but also the additional MSC Home Terminal volumes and the P3/Maersk services – this capacity should quickly be used up. It is therefore all the more urgent for additional space to be made available to MSC and the other P3 partners. 
 
If everything goes according to plan then the move by MSC to the left bank should be completed by the end of 2015. 

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