All clear for EMO lease renewal
NewsEurope’s busiest dry bulk stevedore, EMO, will not lose its land lease contract, despite demands from Rotterdam City Council and environmental organisations to have it revoked.
It is understood that Ghentbased Sea-Invest has entered into an agreement with Ruhrkohle AG (RAG) of Essen to buy the latter’s 21.5 per cent stake in EMO, Europe’s largest coal and iron ore stevedore. The share would provide the Belgian company with its first presence in the Rotterdam dry bulk handling scene.
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