MSC takes 10pc of Switzerland's Crossrail with its strong links to Antwerp

Time:2012-07-09 Browse:223 Author:RISINGSUN
GENEVA`s Mediterranean Shipping Company (MSC) has acquired a 10 per cent stake in the Basel-based independent railway Crossrail for its strong connections along a route from Switzerland to Antwerp.


This is part of a long-term investment strategy in which Bertschi, a bulk cargo intermodal service provider, has also acquired a 10 per cent share.


Major stock holders are Le Jeune Capital & Partners, which owns 20 per cent, LKW Walter, 25 per cent; Hupac AG, 25 per cent and GTS General Transport Service, 10 per cent.

 
Crossrail provides a variety of rail services in Switzerland, Germany, Italy, Belgium, France and the Netherlands. It has two wholly owned subsidiaries, Crossrail Benelux NV and Crossrail Italy.

 
Crossrail intends to focus on development of its "strong position in the Belgian market, especially in the port of Antwerp, going forward with the optimisation of the existing network that covers the transalpine traffic via Switzerland as well as the traffic on the east-west axis" reports Containerisation International.


MSC has had a long relationship with Le Jeune since 2002, with the launch of an intermodal service between Duisburg and Antwerp by Dillen & Le Jeune Cargo (DLC) on behalf of the BMW plant in Wackersdorf in Germany. DLC eventually broke up, with the two partners acrimoniously going separate ways.