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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

IKEA stops chartering container vessels

IKEA will no longer lease space on board container ships to have its products brought to shelves across the world, the global furniture group confirms. But the company is trying to avoid congested ports.

Related articles

Latest news

See all jobs