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Ports
US$33.2 million trimodal box terminal bids to be EU hub of China trade
Date:2019-10-31 Readers:
GERMANY's Port of Duisburg has launched at EUR100 million (US$33.2 million) plan to build a trimodal container terminal next year in partnership with Cosco Shipping Logistics, Hupac SA, and HTS Group, in a bid to become the principal gateway for the European China trade.
 

"We are reacting to the changing market and are building Europe's largest container terminal in the hinterland on the coal island. In this way, we are consolidating our leading position in Chinese trade, creating jobs and strengthening NRW as the most important logistics location in Europe," said duisport CEO Erich Staake.

Set for commissioning in 2022, the terminal, owned and operated by Duisburger Hafen AG (duisport), will cover 220,000 square metres, reported Port Strategy, of Fareham, Hampshire.

Thirty per cent of all rail-based trade between China and Europe runs through the Port of Duisburg, which is the start and end point of the China trains, said the report.

In the future, up to 100 China-bound trains per week, rail traffic on the European rail corridors, in particular to eastern and southeastern Europe, and inland waterway services to seaports will be able to operate from the Duisburg Gateway Terminal. This is expected to generate an annual throughput of around 850,000 TEU upon completion of the terminal.

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