PRESS RELEASE LSCT – 12.3.2020

PRESS RELEASE LSCT – 12.3.2020 La Spezia, December 3rd, 2020   The Board of Directors of La Spezia Container Terminal spa (LSCT) on behalf of its two shareholders Contship Italia Group and Marinvest wishes to express its deep concern about recent statements attributed to the Port Authority Commissioner of the East Ligurian Sea region. The board wishes to point out the following:   Both shareholders are united in their commitment to the joint venture which has transformed LSCT into one of the most efficient and modern gateways in southern Europe in recent times. Their partnership remains strong and stable. The board of directors can also confirm that the development plan for LSCT, as announced on October 29th 2020 by Contship Italia Group, will proceed and will be executed by La Spezia Container Terminal reflecting the ambitious targets over the next four years. The board of directors are grateful to all LSCT’s loyal customers as well as the unstinting support of the local business community, all our suppliers and service providers. The board acknowledges that 2020 has been an extraordinary and demanding year and above all we would like to thank all the employees of LSCT who have worked so hard to maintain high-performance levels during these times. The board hopes that these unsolicited and unfounded rumors about a change of shareholding structure at LSCT will now end. LSCT, as many other terminals, faces many challenges going into 2021 and beyond but the board believes and witness a co-operative work between LSCT shareholders with a final clear objective: to grow and achieve further success in future.