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Editor in chief: Angelo Scorza
21/10/19 10:34

CMA CGM is aiming at PLT (Trieste Logistics Platform)

According to the local press, also the French liner, being already a shareholder of the Hong-Kong-based group, which entered Terminal Link’s capital, is taking part in the ongoing negotiations between PLT’s and China Merchants’ shareholders

The identity of the European operator which is thought to be interested – together with the Chinese giant China Merchants – in the multipurpose terminal Piattaforma Logistica di Trieste (PLT) which is being completed in the port of Trieste was finally revealed.

According to the local newspaper Il Piccolo, negotiations between the current PLT shareholders (headed by Trieste-based freight forwarder Francesco Parisi) and the Hong-Kong-based corporation are about to be concluded and they provided for CMA CGM’s direct shareholding. The Chinese will be entrusted with the management of the future terminal which – according to the provisions of the Trieste Port Regulating Plan – will be created following the lengthening of the Logistics Platform and its integration with the nearby Scalo Legnami (managed by GCT – General Cargo Terminal, which started the procedures to be incorporated in its parent company PLT, with the consequent merger of their two concessions).

The French company would have to ensure a container traffic share which – according to Il Piccolo – would be transferred to Trieste from the current Adriatic destinations of Venice and, above all, Capodistria.

Although at present it is not confirmed by the parties involved, the possible direct involvement of the carrier headed by Rodolphe Saadé seems very likely, also in light of the fact that China Merchants holds 49% of Terminal Link’s shares, i.e. the international terminal operator controlled by CMA CGM (holding 51% of its shares).

In the meantime, according to the Trieste newspaper, there seems to be another party which is planning to supply road and especially railway services, i.e. Rail Cargo Austria, a company belonging to the Austrian railways which wants to provide railway services to the future managers of the Adriatic terminal. To that end, RCA is thought to aim at obtaining (possibly through its direct entry into PLT’s capital) the management of the Servola station, which should replace the hot working area of the Ironworks, and which will be directly connected with Pier VIII.