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MSC invests in major Lithuanian port

A subsidiary company to Mediterranean Shipping Company has successfully convinced the European Bank for Reconstruction and Development to provide half of the money needed to expand the company’s port activities in the Lithuanian port Klaipeda, Bloomberg reports.

Photo: APM Terminals

The European Bank for Reconstruction and Development (EBRD) is providing finances to a port project in Klaipeda, Lithuania, managed by Mediterranean Shipping Company (MSC). The aim of the project is to improve the container handling in the port and thereby ensure that the Baltic Sea port will become a regional transshipment hub, Bloomberg reports.  

“The EBRD is supporting the transformation of Klaipeda into a major regional transshipment hub and helping to reduce shipping-related carbon emissions”, the EBRD states in an announcement on the loan.

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