Home / Economy / New Container Handling Scheme Thwarts 400 000 GEL Project in Poti Seaport

New Container Handling Scheme Thwarts 400 000 GEL Project in Poti Seaport

The new container handling scheme announced by Poti Seaport has thwarted  a 400 000 GEL project.

Namely, Iceberg Poti planned to invest 400 000 GEL in constructing a container storehouse at the Black Sea port. However, the company head Irakli Tsekvashvili told Business Course that after APM Terminal announced it would transport containers from Poti Seaport to its own land terminal on exclusive basis, the container storehouse construction project became useless.

“Shortly after introduction of our project, APM terminal announced that it would exclusively transport containers to its own land terminal. Therefore, our project became useless and unprofitable”, Irakli Tsekvashvili said.

Instead of this project, by consent of Ministry of Economy, other project was implemented and  a storehouse was arranged beside refrigerator complex, he said.

APM Terminals planned to introduce the new scheme after June 2017 and shipping companies were protesting against these plans saying APM would have monopolized the market. They applied to Competition Agency, but last week Competition Agency passed decision, under which the new container handling scheme does not violate Georgian Law on Competition.