{"id":76648,"date":"2024-09-12T18:19:00","date_gmt":"2024-09-12T18:19:00","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/italian-family-affiliated-company-takes-over-walvis-bay-container-terminal"},"modified":"2024-09-12T18:19:00","modified_gmt":"2024-09-12T18:19:00","slug":"italian-family-affiliated-company-takes-over-walvis-bay-container-terminal","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/italian-family-affiliated-company-takes-over-walvis-bay-container-terminal","title":{"rendered":"Italian family-affiliated company takes over Walvis Bay container terminal"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>The Namibian Ports Authority (Namport) on Wednesday evening announced it has officially handed over the operations of the new container terminal at the Port of Walvis Bay to Terminal Investment Namibia (TiN).<\/b><\/p>\n

This is effective from 1 October.<\/p>\n

The handover marks the beginning of a 25-year concession.<\/p>\n

\u201cThe concession allows us to attract private capital to invest in crucial upgrades, including dredging the entrance channel and acquiring new equipment,\u201d said Namport chief executive Andrew Kanime.<\/p>\n

He said the partnership will ensure Namport stays competitive and contribute to Namibia\u2019s vision of becoming a logistics hub.<\/p>\n

TiN, a subsidiary of Switzerland-based Terminal Investment Limited (TiL) and a partner of Mediterranean Shipping Company (MSC), will manage and expand the terminal facilities.<\/p>\n

The terminal, commissioned in 2019, has a capacity of 750 000 containers annually.<\/p>\n

\u201cTiN is committed to bringing innovative practices and advanced operational standards to Namibia,\u201d said TiN chief executive Alexander Reali.<\/p>\n

The handover also includes plans for immediate dredging activities to deepen the port\u2019s channel to accommodate larger vessels.<\/p>\n

A formal ceremony will be held to share further details of the concession.<\/p>\n

For More News And Analysis About Namibia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Namibia. The Namibian Ports Authority (Namport) on Wednesday evening announced it has officially handed over the operations of the new container terminal at the Port of Walvis Bay to Terminal Investment Namibia (TiN). This is effective from 1 October. The handover marks the beginning of a 25-year concession. \u201cThe concession allows us to […]<\/p>\n","protected":false},"author":84,"featured_media":76647,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,236,233],"class_list":["post-76648","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nItalian family-affiliated company takes over Walvis Bay container terminal - Namibia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/italian-family-affiliated-company-takes-over-walvis-bay-container-terminal\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Italian family-affiliated company takes over Walvis Bay container terminal\" \/>\n<meta property=\"og:description\" content=\"Africa-Press – Namibia. The Namibian Ports Authority (Namport) on Wednesday evening announced it has officially handed over the operations of the new container terminal at the Port of Walvis Bay to Terminal Investment Namibia (TiN). This is effective from 1 October. 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