You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Danube Logistics to invest $10 mln in dry cargo terminal of Moldova's main port

Danube Logistics to invest $10 mln in dry cargo terminal of Moldova's main port Danube Logistics to invest $10mn in Moldova's main port dry cargo terminal

BUCHAREST (Romania), October 28 (SeeNews) - Danube Logistics, the operator of Moldova's main port of Giurgiulesti, said it plans to invest $10 million (9.01 million euro) in order to expand the capacity of the dry cargo terminal to about 1.5 million tons per annum.

The expansion measures will be implemented over a period of three years and will include the purchase of additional equipment as well as the construction of an additional berth with a minimum water depth of 7 m at the Giurgiulesti International Free Port, the company said in a press release on Friday.

These additional investments in the open-access dry cargo terminal will enable Danube Logistics to accommodate the increasing demand for transshipment of grain, fertilizers, coal, steel products, construction materials and other dry cargo.

Danube Logistics, a wholly owned subsidiary of Dutch company Danube Logistics Holding BV, is the largest investor in Giurgiulesti International Free Port. It has been investing in the port's liquid and dry cargo terminals as well as in the development of the port’s business park.

Giurgiulesti International Free Port is located on the maritime section of Danube with available water depths of up to 7 m and is capable of receiving both inland and sea going vessels. 

In 2018, trans-shipments via Giurgiulesti International Free Port exceeded one million tons for the first time, which facilitated imports from 33 countries and exports to 53 countries.

($=0.9013 euro)

Compare