Portugal’s Blue Atlantic releases 800m quay plan for Setubal
Portuguese company Blue Atlantic has released new plans for an 800metre quay to berth two Panamax vessels. The 96-hectare site for sale in what is described as ‘one of Europe’s leading maritime industrial zones’ is being primed for maritime, ports and logistics investors targeting the Iberian Peninsula and mainland Europe.
Blue Atlantic project lead Fernando Fernandes said it offers one of the fastest and most efficient routes in and out of Europe, bypassing the congested Mediterranean.
The prized industrial land with seaport access along global shipping routes and road and rail links is being sold by Portuguese holding services company Sapec. Located in the Mitrena Industrial Zone in Setubal Harbour, 40km south of Lisbon, it is the second closest port to Madrid.
“Blue Atlantic is a very large, empty plot of land with huge potential,” he said. “It is located in one of Europe’s largest and most commercially strategic industrial zones. It is currently undeveloped and has all the ingredients for a developer to create a world class multi-modal export hub or industrial and logistics park. We have named it Blue Atlantic after a concept to illustrate the key benefits of the site to potential investors. Our latest plans demonstrate the potential for an 800 metre quay to berth two Panamax sized vessels alongside each other. This development would transform the commercial potential of the seaport facility accommodating multi-purpose vessels including containers, bulk and cargo carriers. It is ideally placed for any importer or exporter looking to harness the full trade potential of the Iberian Peninsula.”
Mr Fernandes said the location is home to three of Portugal’s top four exporters and some of the region’s largest international enterprises including Volkswagen Autoeuropa, MEGASA (ex-Siderurgia Nacional) steel company, Navigator Papermill, GE factory and Sapec chemical and fertilizer industries.
“The Port of Setubal offers many commercial incentives,” he said. “It is sheltered with calm waters and a temperate climate with 300 days of sunshine a year. The port never closes ensuring maximum operational efficiency and its sandy and stable river bed is easy to modulate making maintenance cheaper than neighbouring harbours.”
Portugal has devised a national plan to maximise one of the longest maritime coasts in Europe at 942km. Its EEZ– Exclusive Economic Zone – is the 3rd largest in the European Union and 11th largest in the world. However, new proposals seek to expand this economic zone from the current 200 miles of territorial sea to cover 350 miles, which will make it the 10th largest in the world.
By Jake Frith
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