Terminal Investment Limited (TIL), MSC’s subsidiary responsible for port operations, concluded an agreement with Gruppo Investimenti Portuali (GIP) for the full acquisition of Terminal Darsena Toscana (TDT) in the port of Livorno, Italy. Seatrade Maritime News reported Luciano Guerrieri, President of the Livorno System Authority, describing the acquisition as a “very important fact for the port and for its development prospects.” The agreement will give TIL 100% of the terminal’s shares once it is granted approval by the authorities. This new investment adds to the 50% shares of the Lorenzini Terminal in Livorno already owned by the company, according to Splash247. Overlooking the Tyrrhenian Sea, the geographical location of Livorno Port enables it to play a key role in Mediterranean trade. The terminal is also considered a leading terminal in Italy for reefer cargo and has an electrified direct connection to the national railway network. According to the terminal’s website, TDT handled about 458,000 TEU in 2022 and achieved a 29% increase in gateway traffic year-on-year. "In 2022, we continued to invest in process automation and in particular on the gate, allowing carriers to further reduce container delivery/collection times," according to port operators.