Terminal Investment Limited (TiL), the port division of the first liner Mediterranean Shipping Co (MSC), has become the sole shareholder of the TPO/TNMSC container terminals in Le Havre and has announced a major investment program of 700 million euros (700.65 million dollars) which promises to shake up the hierarchy of box ports in the very competitive zone of Northern Europe.
The six-year investment will enable the French port to handle the largest container ships afloat.
Ammar Kanaan, CEO of TiL, said: “By implementing this initiative, we will be able to develop and densify our capacity to help Le Havre become an even more important access point for the French freight market, and beyond. . In order to realize the full potential of Le Havre as a gateway to Europe, we are counting on the support of the French government for the development of the associated intermodal rail infrastructure which will further strengthen the link between our container terminals and the European supply chains.
TiL is installing gantry cranes, doubling the number at the terminal to 20. TiL will also triple the terminal’s storage capacity with the installation of fleet gantries at six berths. The conversion project will be completed by 2028. The new gantries will be electrically powered and the port will provide shore power for ships.