Yilport Holding inks 49-year concession for port of Taranto

Yilport Holding announced it has signed a concession agreement with Port Network Authority of the Ionian Sea, the managing institution of the Port of Taranto in Italy for the multipurpose terminal. The deal was signed at Castello Aragonese in Taranto, Italy by Robert Yuksel Yildirim, Yilport Holding Chairman, and Sergio Prete, the President of Taranto Port Authority.

The agreement appoints Yilport to undertake all operations at the multipurpose terminal of Taranto Port for 49 years. This is the 22nd marine port in Yilport Holding’s portfolio, and its first terminal in Italy. The company, ranked 12th among international container terminal operators by Drewry, targets to be ranked among the top 10 by 2025.

«We have a strong presence in the Mediterranean. We are in Malta and operate seven ports between Spain and Portugal. Being able to enter Italy and work here in Taranto is like filling in the missing piece of a puzzle that we are building globally,» Robert Yuksel Yildirim, Yilport Holding Chairman, said. «Our intention is to create another success story in Taranto. From today until the end of this year, we will be fixing cranes to ramp up business, visiting potential customers, and promote the container terminal. The project also aims to cooperate with local operators to improve cargo and ro-ro traffic.»

Taranto Container Terminal is eligible to serve up to Post-Panamax sized container vessels with –16.5 meters draft.

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