The shipping industry has undergone continuous and immense change over the past years.
To meet rising global demand, the size and capacity of container ships grew exponentially: from a few thousand TEUs to the huge megamax vessels we see today that stretch over 400m in length and are capable of transporting a staggering 23,000 TEUs.
In an effort to consolidate, shipping lines have merged and – like airlines – have sought strategic alliances to enable them to transport goods as quickly and cost-efficiently as possible across the globe.
Since Malta Freeport Terminals was privatised in 2004, it has experienced these changes first-hand and grown with them – from a modest port to the one it is today that has a capacity of 3.6 million TEUs.
An ambitious €320m investment programme has driven the facility’s development, infrastructure, equipment, digitalisation, and personnel development have been central to the Freeport’s growth strategy.
Last year alone, €20m was dedicated to an additional two megamax quay cranes, which are now operational, presenting the Freeport with a five-megamax-crane formation at Terminal One. This has consolidated Malta Freeport’s status as one of the few...
