MSC ready to take over the MCT of Gioia Tauro

On March 14, 2019, the Minister of Transport suspended the fall procedure for Medcenter Container Terminal after the commitments made for the transfer to the group of Gianluigi Aponte of shares, 50%, in CSM Italia Gate Spa, which in turn controls 100% of Mct.

Contship to avoid the forfeiture procedure, will:
– appoint a law firm for assistance
– a financial advisor for the valuation of assets
– will have to convene a Board of Directors and confer full negotiating powers to a member of the council itself.

If this commitment is confirmed, as well as the 140 million investment promised by MSC to Toninelli, there would be a revolution for the port of Gioia Tauro.
The first element of innovation would be the new role of a maritime company as a terminal operator, which confirms the tendency of carriers to enter land / rail transport. The second element is the reconfiguration of the port, which would pass from transhipment port to gateway for container land transport.
The concession to the Turkish Yilport of the container terminal in Taranto goes in the same direction. The aim is to recover the ports of southern Italy crushed between those of northern Africa, more competitive and economic, and those of northern Italy, more effective in the gateway thanks to the proximity to the final destinations of the containers. After the announcement of Contship Italia on the negotiation to sell its share of the Medcenter Terminal Container to MSC, a group of entrepreneurs from Reggio Calabria presented an offer to purchase some shares of the company.  The news was confirmed by the local president of Confindustria, Giuseppe Nucera, without specifying the name of the entrepreneurs and the quantity of shares requested.
Mr. Giuseppe Nucera had anticipated to the Minister Toninelli the will to enter on the governance of the port.