APM Terminals to increase container traffic in Port of Rijeka up to 1 million TEU

2021/11/09 at 9:38 AM

Port of Rijeka Authority has concluded the most important deal in its history. It leased the Zagreb Deep Sea container terminal, which is under the construction, to the consortium of APM Terminals and ENNA Logic. Both partners are committed to securing the container traffic of 1 million TEU in the first two years of operation.

On Friday, 5 November, the concession agreement was signed between the Port of Rijeka Authority and the concessionaire of the Zagreb Deep Sea container terminal. According to the deal, which Denis Vukorepa, CEO of the Port of Rijeka Authority, called ‘the most significant contract in the history of the port of Rijeka’, the consortium of APM Terminals, the world’s leading operator of maritime terminals owned by Maersk, and its Croatian partner, ENNA Logic, will run and develop the facility during the 50-year period. The official ceremony was attended by numerous officials of Croatia as well as the representatives of the concessionaire, MTBS (Maritime & Transport Business Solutions), the Dutch company that consulted the port authority, and the Croatian Law firm Vukić & Partners.

The concession agreement was signed in Rijeka on 5 November 2021, source: Port of Rijeka Authority

Payments and investments

The estimated value of the concession is more than 20.5 million kuna without VAT (over 2.7 million euros). Moreover, the concessionaire will pay the fixed annual concession fee of 2 million euros. Besides these payments, APM Terminals and ENNA Logic will invest in constructing the terminal infrastructure such as the 280-metre-long shoreline and will guarantee the container traffic of 1 million TEU in the first two years of terminal operation. In 2020, the Port of Rijeka handled over 344,000 TEU, mainly at the Adriatic Gate Container Terminal.

Phase 1 of the Zagreb Deep Sea container terminal was put into operation in May 2019, source: Port of Rijeka Authority

Zagreb Deep Sea container terminal

Zagreb Deep Sea container terminal, alongside the Adriatic Gate Container Terminal, is the crucial part of the Rijeka Gateway project that is dedicated to the modernisation and development of the Port of Rijeka as a container hub. The construction of Phase 1 was completed in May 2019 with putting into the 400-metre-long berth of the terminal. After completing Phase 2, the facility will have a berth with a total length of 680 metres. Due to the depth of 20 metres, the container terminal will be able to handle vessels with a deadweight of more than 165,000 tonnes and a length of more than 366 metres.

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