Yilport Holding and the Port Network Authority of the Ionian Sea (PNAIS) Sign Port of Taranto Concession Agreement

August 26, 2019

Studio Legale Delfino e Associati Willkie Farr & Gallagher advised Yilport Holding on its concession agreement with PNAIS regarding the container terminal of the Port of Taranto.

Willkie client Yilport Holding recently signed a concession agreeemnt with the Port Network Authority of the Ionian Sea (PNAIS) regarding the container terminal of the Port of Taranto.

Taranto Container Terminal has become the 21st marine terminal of Yilport’s global portfolio, and the first Yilport terminal in Italy. Current annual container handling capacity of the terminal is about two million TEUs with a quayside draft of -16.5 meters. Yilport plans to expand annual handling capacity to over four million TEUs via investments over the next ten years. Yilport Holding will make significant investments in infrastructure, equipment and technology. The first developments and investments will be the installation of ship-to-shore cranes (STS), rail-mounted gantry cranes (RMG) and a Navis terminal operating system.

Yilport Holding, a subsidiary of YILDIRIM Group of Companies, aims to be ranked among the top ten container terminal operators by 2025. Headquartered in Istanbul, Turkey, Yilport Holding is active in eight countries with 20 marine ports and six dry terminals. Drewry currently ranks the company 13th among global container terminal operators. Parent company YILDIRIM Holding also owns 24 percent of the shares of CMA CGM Group, the third largest container shipping company in the world. Yilport is planning to improve the Taranto Container Terminal as a gateway terminal and in the future as a transshipment hub.

Studio Legale Delfino e Associati Willkie Farr & Gallagher advised Yilport on the transaction. The team was led by partner Maurizio Delfino and included Luca Leonardi and Elena Meloni.