Upside Risk As Algeciras Prepares For 18,000TEU Role
Ports are getting ready for the June 2013 launch of Maersk Line's Triple E-Type 18,000TEU capacity vessel, which will be the largest container ship afloat. APM Terminals (APMT), Maersk Line's sister company, which operates at Spain's port of Algeciras, is investing in shore side infrastructure to ensure that the facility is ready to play its role as a Mediterranean hub for the ship, with BMI highlighting the upside risk to our throughput forecasts for this port in light of its position as a port of call for this new mega vessel.
The port of Algeciras is already a major Mediterranean hub port ranked sixth in terms of container throughput, according to 2011 throughput figures (latest available). Box operations at the facility are operated by APMT, highlighting the benefits of a global port operator having connections with a container line (APMT is Maersk Line's sister company, with both firms coming under the A.P. Moller Maersk umbrella). The benefit for Maersk Line is that its terminal operating sister can ensure that it gets priority and in the case of Algeciras is upgraded to handle the line's latest ships. The benefit for the port is that in Maersk Line it has a constant client.
The port of Algeciras was announced as a chosen port of call on Maersk Line's 18,000TEU route, when the development of the ships was first announced. The Asia-Europe route which the 18,000TEU ships will operate on to begin with is a rotation of Shanghai, Ningbo, Xiamen, Yantian, Hong Kong, Algeciras, Rotterdam, Bremerhaven and Felixstowe. Other calls are expected to be added later, for example, the new UK port development of London Gateway is set to be a likely candidate, with the facility being developed to handle 18,000TEU capacity ships.
|One Of The Chosen Few|
|Planned Maersk Line 18,000TEU Asia-Europe Ports of Call|