APM Terminals is working with Italian banking company Unicredit Group on the development of a container terminal at the northern Adriatic port of Monfalcone.
As the most northern Adriatic port, Monfalcone is the closest transit hub to key markets in Central Europe with access to the Adriatic-Baltic pan European rail network.
APM, the terminal operating unit of Denmark's A.P. Moller-Maersk, said the terminal near the northeastern tip of Italy would complement its state-of-the art container facility in Vado, in northwest Italy, which is due to open in 2015.
By The Numbers: Europe-Asia Eastbound Container Trade.
"The shipping market has indicated a strong strategic interest in these projects which facilitate efficient coverage of the Central European market with their strategic location, efficient, world class environmental design and access to the European inland transport network," Netherlands-based APM said.
APM said the development of two north Italian terminals would create a south European gateway offering a "faster, greener and more cost effective" alternative to conventional North Europe-Asia shipping routes.
Milan-based Unicredit is active in Austria, southern Germany and has substantial operations across Central and Eastern Europe.
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