Genoa to kick PSA out of Voltri?

Genoa Port Authority has threatened to withdraw its terminal concession to Voltri Terminal Europa if productivity does not improve.

The president of the port authority, Luigi Merlo, summoned Eddie Teh, the boss of VTE’s owner PSA Corp to a crisis meeting this week – a meeting that ended with Teh receiving an ultimatum to sort the problems our within six months or lose the concession. Voltri has been beset by productivity problems, largely due to its new Cosmos software program which was paralysed for three full weeks, at one point forcing to port to close to export cargo. The original business plan forecast a 2M-teu throughput within two years against 1.16M achieved in 2007. “We explained to PSA that we are very concerned by the damage caused to [Genoa’s] image and the economic drawback,” the President of Liguria Region, Claudio Burlando, said afterwards. “The company must sort out the deep problem of lack of communication between the Italian middle management and foreign high management,” he added.
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