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 AS 
                                    the Mediterranean is on the way to somewhere 
                                    else for most of world shipping, the real 
                                    action is transshipment, and the further 
                                    refinement of smoothing onward passage that 
                                    has become so important to global transport 
                                    today.       
                                    The 
                                    efficiency of this process, for example, 
                                    is key to making the Suez Canal a credible 
                                    rival to the Panama Canal in getting Asian 
                                    goods to the east coasts of the Americas 
                                    where most consumers live on both continents. 
                                    One 
                                    can make a case study of Malta, the island 
                                    nation south of Italy as the traditional 
                                    transshipment port serving ships headed 
                                    elsewhere with cargo bound for still other 
                                    places. 
                                    London's 
                                    Drewry Maritime Research has taken the view 
                                    that bigger east-west ships and mega alliances 
                                    are good news for transshipment hub ports 
                                    in the Mediterranean, saying they will likely 
                                    outperform underlying organic market growth. 
                                    Dealing 
                                    with such problems for decades are the two 
                                    ports of Malta - Valletta and Marsaxlokk. 
                                    Asked 
                                    about the two ports' main characteristics, 
                                    two anonymous spokesmen, who preferred to 
                                    be identified as "VGT "for Valletta 
                                    Gateway Terminals and "MFT" for 
                                    Marsaxlokk's Malta Freeport Terminals, replied 
                                    for each port facility. 
                                    Said 
                                    VGT: "In Malta we have two international 
                                    ports, Valletta Gateway Terminals and Marsaxlokk. 
                                    In general these two ports complement each 
                                    other." 
                                    The 
                                    Grand Harbour of Valletta is one of Malta's 
                                    main ports, and one of the most spectacular 
                                    natural deep water harbours in the Mediterranean. 
                                     
                                    The 
                                    port also acts as a safe and secure haven 
                                    for seafaring vessels of all types and sizes. 
                                    It is also a multi-purpose port equipped 
                                    to offer a large spectrum of maritime services. 
                                     
                                    Main 
                                    regular connections with Italy work via 
                                    a regular scheduled ro-ro service with various 
                                    Italian ports and a high-speed passenger 
                                    ro-ro service with a scheduled service to 
                                    Sicily.  
                                    This 
                                    also provides a connection for those that 
                                    wish to travel to/from Malta overland using 
                                    their own cars. Both services cater very 
                                    much for the Just In Time concept.  
                                    Valletta 
                                    Gateway Terminals operates general cargo 
                                    facilities. Malta Freeport Terminals runs 
                                    the container transshipment terminal and 
                                    industrial storage facilities. It also has 
                                    a number of petroleum terminals, including 
                                    the terminals operated by Oiltanking Malta 
                                    Limited and San Lucian Oil Company.  
                                    Enemalta 
                                    Corporation and Enemed operate other petroleum 
                                    installations in the port, which are the 
                                    public entities responsible for power generation 
                                    and the import of petroleum for the local 
                                    market.  
                                    The 
                                    LPG Gas Installation is located within this 
                                    port with its LPG bottling and storage facility 
                                    located at Benhajsa and operated by Gasco 
                                    Energy. The port of Marsaxlokk will also 
                                    have a new LNG facility expected to come 
                                    in service in 2016. 
                                    Marsaxlokk 
                                    is one of the biggest transhipment ports 
                                    in the Mediterranean. MFT enjoys a number 
                                    of key advantages that have set the company 
                                    apart from other Mediterranean container 
                                    terminals.        
                                    These 
                                    include a strategic location on the main 
                                    trade routes in the Mediterranean, state-of-the-art 
                                    facilities dedicated to transshipment capable 
                                    of operating the largest vessels afloat 
                                    and a competitive handling rates. 
                                      
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