MSC buys out TDT in Livorno port

MSC buys out TDT in Livorno port

Terminal Investment Limited (TIL) has completed the acquisition of Terminal Darsena Toscana (TDT) in the Port of Livorno, Italy.

The MSC-owned group has struck a deal for the 100 per cent sale with Gruppo Investimenti Portuali (GIP) for an undisclosed sum.

The purchase remains subject to approval by the relevant authorities.

TDT is Italy’s top choice for refrigerated cargo and stands out as the first in the country to be fully equipped with an electrified direct connection to the national railway network.

READ: MSC pulls out of ITA Airways privatisation

The President of the Livorno System Authority, Luciano Guerrieri, said the move marks “a very important fact for the port and for its development prospects”, underpinning “the importance of the port of call in the strategies of the operators, and rewards the goodness of our planning and design activities carried out over the years”.

The acquisition doubles up MSC’s presence in Livorno, as the group led by the Aponte family also controls 50 per cent of the Lorenzini Terminal in the Labronico airport.

Just yesterday, the Port of Gioia Tauro in Italy resumed operations after a stranded MSC vessel was successfully refloated.

The Panama-flagged 8,566 TEU vessel was about to leave the port to reach Malta on 9 January when it ran aground halting all port operations.

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