The acquisition by Hamburger Hafen und Logistik AG (HHLA) of 50.01 percent of the multi-function PLT terminal in the Italian seaport of Trieste has been completed.

The multi-function terminal in Trieste will operate under the name HHLA PLT Italy (Photo: © 2020 Maxar Technologies © 2020 TerraMetrics © 2020 Google; Data: SIO, NOAA, U.S. NAVY, NGA, GEBCO)

The multi-function terminal in Trieste will operate under the name HHLA PLT Italy (Photo: © 2020 Maxar Technologies © 2020 TerraMetrics © 2020 Google; Data: SIO, NOAA, U.S. NAVY, NGA, GEBCO)

The handling facility will operate as HHLA PLT Italy and is expected to start extended operations in February.

Angela Titzrath, Chairwoman of HHLA’s Executive Board said: “We’re delighted that the purchase of the majority stake has now been completed. At the contract signing in Trieste on September 28 last year, our commitment at the Adriatic port was met with great approval, especially from Italy. Since then, a team from HHLA International has been working intensively on integrating the Trieste terminal facility into the HHLA Group. Together with our Italian partners and our motivated workforce, we want to expand HHLA PLT Italy to become an important southern hub within our port and intermodal network.”

Francesco Parisi, CEO of the Francesco Parisi Group, a co-shareholder of HHLA PLT Italy: “We are very glad to now have HHLA on board. This provides PLT and the Port of Trieste with a very exciting perspective of growth. We are grateful to HHLA for the strong support given to PLT already in the past months. This is a great incentive to work hard together to make it a success story.”

The HHLA PLT Italy terminal facilities are within the Free Port of Trieste and take up a total area of 27 hectares. In the northern section of the facility, mainly general cargo transports are already being handled and logistic services provided.

The strategically relevant position of the Port of Trieste on the Adriatic allows for excellent growth opportunities in hinterland transport. The multi-purpose terminal has its own rail connection. HHLA rail subsidiary Metrans already connects the Port of Trieste with its European intermodal network.

The Adriatic region has been developing very dynamically in the past few years. As the northernmost port in the Mediterranean, Trieste is the southern gateway to Central and Eastern Europe. With HHLA PLT Italy, HHLA is positioning itself in a growing market that offers good opportunities for development, including the opportunity to actively participate in and help shape new and changing cargo flows.

By Jake Frith