On Friday (today), Malta Freeport Terminals celebrated its 20th anniversary as a privatised entity.
Sharing the milestone on LinkedIn, the company noted that during these two decades, the Freeport has been transformed “from a modest port into a state-of-the-art transhipment facility.”
Over the 20 years, the company handled more than 51 million Twenty-foot Equivalent Units (TEU) containers, received 39,000 ship calls, and invested nearly €400 million in infrastructural development, equipment, digitalisation, and personnel development.
“Malta Freeport is today one of the few Mediterranean ports capable of handling the world’s megamax ships, with a capacity in excess of 23,000 TEU containers,” the company shared.
Malta Freeport Terminals CEO Alex Montebello commented that the past 20 years have been a momentous journey for the company characterised by growth, innovation and success.
“None of this would be possible without the support of our shareholders, Terminal Link (made up of CMA CGM and China Merchants Port Holdings Company Limited) and Yilport Holding Inc., and the commitment and dedication of our employees and port workers,” he said.
Wrapping up his thoughts, Mr Montebello noted that as he looks ahead, he is confident that the company is “well-positioned to continue thriving.”
Malta Freeport was established in 1988 and 10 years later it undertook a corporate restructuring programme as part of its strategy to consolidate organisational changes, which were completed in 2001.
The company was privatised in 2004 with strong shareholders to support its investments. Terminal Link is a leading container terminal operator, Yildrim Group is one of the leading global diversified industrial groups in Turkey, CMA CGM is the world’s third-largest shipping line and China Merchants Port Holdings company Limited is the largest terminal operator in China.
