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Hyundai Merchant Marine Secures Container Terminal in Europe’s Largest Port
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Hyundai Merchant Marine Secures Container Terminal in Europe’s Largest Port
  • By Jung Min-hee
  • September 14, 2015, 01:00
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Hyundai Merchant Marine’s container vessel puts into Europe's biggest port of Rotterdam in the Netherlands
Hyundai Merchant Marine’s container vessel puts into Europe's biggest port of Rotterdam in the Netherlands

 

Hyundai Merchant Marine has finished constructing a container terminal of Rotterdam World Gateway (RWG) at the port of Rotterdam, Europe's largest sea port. The terminal cost US$1 billion (1.19 trillion won) to develop, and 20 percent of its shares are owned by Hyundai Merchant Marine.

The company announced on Sept. 13 that it held an opening ceremony of the RWG container terminal in Rotterdam, the Netherlands, on Sept. 11.

In 2012, Hyundai Merchant Marine started developing the RWG at the port of Rotterdam, along with global container transportation and shipping companies APL, Mistui OSK Lines (MOL), and CMA CGM, and completed the construction in the first half of this year, three years after it started. Since then, the container terminal has carried out test operations. DP World will be in charge of day-to-day operations. Rotterdam is the point where the trans-siberian railway (TSR) begins and ends, and is considered to be the gateway to the main hub of Europe. The port ranked 10th in the world in terms of cargo volume in 2013. The RWC is an automated container terminal that is controlled via an extensive computer system.

Hyundai Merchant Marine expects to see a significant improvement in productivity compared to existing terminals. In particular, the terminal can accommodate a 20,000 TEU class container ship and handle 2.35 million TEU of cargo yearly.