International Container Terminal Services Inc. (ICTSI) and the Port Authority of Gdynia have signed a new 30-year lease for the Baltic Container Terminal (BCT).
The new lease, which was signed in Gdynia on 19 December and will run until 2053, extends the tenure of BCT under the management and operation of ICTSI, the sole owner of the terminal.
ICTSI has been active in the major Polish port since 2003, investing in excess of US$100 million in the terminal’s facilities, personnel and general service capability.
"Future investments are expected to easily match and exceed this figure and will initially complement work underway by the Port Authority of Gdynia S.A. to upgrade the port infrastructure to facilitate the access and handling of larger vessel sizes," said ICTSI in a statement.
The works at the first stage have been completed, enabling BCT to handle vessels with a length overall (LOA) of up to 366 meters. Subsequent developments will provide access for and the handling of much larger vessels of up to 400 meters LOA.
Additionally, in recent years, BCT has made progress with the handling of wind turbine components destined for use in onshore wind farms. It further expects to deploy this expertise in conjunction with offshore wind farms, which are planned for development over the short to medium term, according to a statement.