MSC acquires Spanish rail freight operator
The Swiss sea shipping company Mediterranean Shipping Company (MSC) has acquired most shares of the Spanish rail operator Laumar Terminales Ferroviarias, previously owned by Laumar Cargo. Laumar Terminales Ferroviarias manages rail freight warehouses in Vicalvaro and Torrejon de Ardoz, both in Madrid. As a result, MSC strengthens its services between Madrid and Valencia port.
MSC will appoint all managing staff once the purchase has been completed. Francisco Lorente, president of MSC, is the new president of the subsidiary, and Giuseppe Prudente, manager of logistics of MSC, the new vice-president. Meanwhile, Jose Estelles, the general manager of Laumar Cargo, will have a chair at the administration board.
MSC has been developing its rail network in the Iberian Peninsula, after having acquired the national Portuguese rail freight operator CP Cargo, currently called Medway. The company is increasing its investments to strengthen its Iberian rail network, connecting it with its port facilities. It is currently building a logistics area in Lousado, northern Portugal, and it has developed new rail freight services between Spain and Portugal to offer complete multimodal services throughout its harbour installations in both countries.
In addition, it has acquired 54 special containers which can be used in lorries and trains, having a total weight capacity of 29 tonnes per until and being able to be loaded laterally. Medway, the Portuguese MSC-owned rail freight company, has 68 locomotives and 2,917 wagons.