Optimizing Terminal Assets Portfolio
Continuing to Strengthen CSP Zeebrugge Terminal as the Hub Port in Northwest Europe with
Concession Extension to 2055
Tibo Deprest/MBZ
➤ CSPL holds 85.45% stake in the Terminal. With more than 1200-meter
quay length and 17.5-meter depth alongside, It has 3 berths with 1.3
million TEU target designed annual handling capacity. The Terminal has
a very strong volume growth momentum, which its 3-year throughput
grew from 484k TEU in 2019, 609k TEU in 2020 to 931k TEU in 2021. Its
terminal profit turned positive in 2020 and its 3-year terminal profit
increased from a loss of USD 9.54 million in 2019, a gain of USD 0.27
million in 2020, to a gain of USD 4.59 million in 2021, respectively.
➤ On 26 January 2022, CSPL and Port of Zeebrugge agreed to extend the
concession of CSP Zeebrugge Terminal (the "Terminal") by 15 years to
2055.
➤ As a transportation hub leading to all directions, the Port of Zeebrugge
has good road and rail network connecting various countries in Europe,
as well as coastal ports in Northwest Europe, Central Europe, and
Eastern Europe. The concession extension offers new opportunities for
the Port of Zeebrugge. The goal of concession extension is to optimize
the port infrastructure within the framework of our intended "clean port
strategy" and continue to strengthen the Terminal as an international
logistics hub.
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