SCA sells Rotterdam terminal to Hans Vervat
The Rotterdam terminal of Swedish forestry pulp and paper shipper SCA is to be sold to Dutch port entrepreneur Hans Vervat, subject to approval of the local SCA Works Council
With this acquisition, Hans Vervat (pictured left) will add the 23-hectare SCA Logistics (Rotterdam) BV terminal to his contiguous 11-ha Matrans Holdings BV operation. The latter is Mr Vervat’s flagship operating company. Matrans ia Rotterdam’s leading container lashing and securing company and the group includes various companies in container lashing, depots and various container and non-container port and logistical services.
Located at the Prins Willem Alexanderhaven in the Eemhaven basin, SCA Logistics Rotterdam (formerly known as Interforest Terminal Rotterdam BV) last year handled around 800,000 tons of breakbulk foresry products, 120,000 TEU of containerised forestry products, mainly handled in feeder services, and 150,000 tonnes of general breakbulk cargoes.
The base load of paper, forestry pulp and wood from SCA represents around half the terminal’s traffic and is secured long-term, said the terminal’s director Roelf Buist.
SCA has reported that the sale is expected to reduce its net debt by SEK575M (€61M), including purchase price and offlay of financial leases.
Source: WorldCargo News