Malta Freeport Terminals has signed a significant agreement with the Maltese government to extend its facilities for the first time in two decades.
The expansion of Terminal Two, including the North Quay by 176 metres and the West Quay by 195 metres, will enable the Freeport to accommodate larger liquefied natural gas (LNG)-powered mega container ships carrying 23,000 TEU.
This expansion is expected to solidify Malta Freeport Terminals’ reputation as a leading transhipment hub and benefit the local economy and environment.
Upon completion of the project, the Freeport will renounce its right to install quay cranes on the West Quay at Terminal One.
READ: Malta Freeport renews partnership with Malta Dockers Union
“The Terminal Two extension will be win-win for everyone: for our facility’s capability to handle the world’s largest container ships with maximum efficiency, for the Birzebbuga residents and for local importers and exporters, who will benefit from more services than ever before,” said Freeport CEO Alex Montebello.
“The project will also generate more than 160 new jobs and take the investment in the facility since privatisation past the €400 million ($441 million) mark, making the Freeport one of the biggest ever investors in Maltese history.”
Malta Freeport Terminals has already invested €320 million ($353 million) in state-of-the-art machinery and equipment, including two giant megamax quay cranes and the latest IT systems, capable of handling mega containerships with maximum efficiency.
The facility offers services to 120 ports worldwide and was recently listed by Lloyds List among the top 10 ports in the world in terms of growth in percentage terms.
Last year’s November edition of PTI’s e-journal covered the container Terminal Operating System (TOS) in use at Malta Freeport and developed by Prodevelop.
Read the full paper to find more about the system’s implementation and how this has improved operations management, planning, and execution at the terminal.