Yilport Holding has made an offer to buy the Taranto Container Terminal from the Ionian Sea Port Authority (AdSP).
The Turkish terminal operator’s proposal involves taking over the multi-purpose facilities in the southern Italian port, including the 10 ship-to-shore gantry cranes and the rail links connecting the port to national railroad network.
If successful, Yilport plans to increase the annual cargo volume through the port by investing in its logistics network and hiring more workers.
Read more about Yilport's investment ambitions with a Port Technology technical paper
Yilport Holding has already seen an increase in most of its other ports around the world.
Its Q2 figures, released last week, showed a 4.6% increase globally, with some terminals seeing double digit spikes.
The Taranto Container Terminal is already a Mediterranean hub, connecting southern Italy to northern Europe through integrated intermodal networks.