Turkey-based operator, Yilport Holding, has taken over the operations at Port of Šibenik in Croatia.
Yilport plans to turn Port of Šibenik into a multi-purpose terminal, offering diversified services.
In the first phase, Yilport aims to rehabilitate the quality, productivity, and efficiency of existing operations, install one more mobile harbour crane, and increase storage capacity at the terminal.
The terminal will be dredged from 10 metres to 13 metres of draft to allow access for larger vessels up to Panamax size.
Yilport will install the third mobile harbour crane after container operations start at the terminal.
The second phase of the proposed business plan includes startup investments for ro-ro and liquid cargo services.
Yilport Holding targets a total of €50 million ($53 million) of investments throughout the three phases to develop a productive and efficient multi-purpose terminal.
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Yilport’s portfolio has now reached 24 terminals in 12 countries with this latest move.
The takeover is part of YILDIRIM Group’s – Yilport’s parent company – acquisition of Petrokemija d.d., the largest fertiliser plant in Croatia.
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The Port of Šibenik is located 350 kilometres to Zagreb, and 3 kilometres away from the highway connecting Zagreb to the Adriatic Sea.
The terminal has direct railway connection to Zagreb.
The port currently serves Croatian and Bosnian bulk cargo and general cargo customers by rail and road network connections.
The port currently has three berths at 10 metres quay depth, and handles general cargo ships up to 50,000 tonnes.
The port offers warehouses with conveyor systems and handles 2,000 TEU container vessels.
This takeover comes more than a month after Yilport Holding’s took over Takoradi Port, Ghana, where they will commence management from April 2023.
