MSC Mediterranean Shipping Company announced that Terminal Investment Limited (TIL) in partnership with Tradepoint Atlantic recently launched a joint investment to develop a 165-acre container terminal with an on-dock rail facility at Coke Point, in the port of Baltimore, significantly expanding container handling capacity in the state of Maryland. The new venture, once complete, is expected to create hundreds of jobs and serve as a major driver of economic growth in the U.S. Mid-Atlantic region.
A major port terminal operator, TIL presently conducts operations and logistics investments in over 40 ports around the world. The new agreement with Tradepoint will further the development of TIL’s operations in the United States and will highlight the company’s commitment towards positively improving the transportation and logistics industry through infrastructure investments and innovative solutions, marking another milestone in our continued business development.
The announcement of this partnership will initiate a multi-year process of public engagement, design, permitting, and construction phases that will substantially improve U.S. infrastructure through enhanced capacity that will serve ever-growing international trade and development.
“We are excited to announce the development of this new terminal, which we envision will be one of the most modern and environmentally sustainable terminals in the United States,” said Tom Van Eynde, TIL Terminal Investment Director for North America. “The supreme location of the terminal will allow for rapid transit of cargo to the Washington metropolitan area, the third biggest consumer market in the U.S. On top of this, the terminal’s intermodal yard will also offer the closest rail connection from the US east coast to the mid-west.”
MSC Mediterranean Shipping Company, headquartered in Geneva, Switzerland, is a global leader in transportation and logistics, privately owned and founded in 1970 by Gianluigi Aponte. As one of the world’s leading container shipping lines, MSC has 675 offices across 155 countries worldwide with the MSC Group employing over 150,000 people. With access to an integrated network of road, rail and sea transport resources which stretches across the globe, the company prides itself on delivering global service with local knowledge. MSC’s shipping line sails on more than 260 trade routes, calling at 520 ports.
About Terminal Investment Limited:
Terminal Investment Limited Sàrl (TIL) invests in, develops and manages container terminals around the world. It was founded in 2000 to secure container handling capacity in the major ports for Mediterranean Shipping Company (MSC). Since then, TIL has grown and evolved to become one of the largest and most geographically diversified container terminal operators globally, with material equity interests in 40 operating terminals, two terminals under construction and options to purchase interests in two further development terminals. Visit www.tilgroup.com for more information.
About Tradepoint Atlantic:
The 3,300-acre multimodal logistics and industrial center in Baltimore, Md., offers a gateway to U.S. domestic and global markets, featuring an unmatched combination of access to deep water berths, rails, and highways. At Tradepoint Atlantic, industry is set in motion with the financial backing of Redwood Capital Investments, as well as the robust support of local and state government which enable the redevelopment of the site. To date, Tradepoint Atlantic has helped generate more than 12,000 permanent jobs, with thousands more expected to be created at full buildout. With over $2 billion of private investment currently at work, Tradepoint Atlantic is positioned as one of North America’s most strategic commercial gateways. From here, world-class companies unleash their potential, jobs are created, communities prosper and industry is set in motion. For more information visit www.tradepointatlantic.com.
Global PR & Internal Communications Manager
MSC Mediterranean Shipping Company