News / Eurogate will target transhipment cargo when it takes over box terminal at Limassol

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The Cypriot government completed the conscessioning process of the country’s major gateway port of Limassol yesterday, awarding contracts to run its facilities to two of the largest international port operators.

Germany-based Eurogate is to take over the operation and development of the port’s container terminal, while DP World and its marine service subsidiary P&O Maritime will run the multipurpose terminal and provide tug and pilotage services.

Eurogate has formed a operating consortium with Interorient Navigation Company (20%) and East Med Holdings (20%), holding a 60% majority. The three companies have ...