7.8 C
Hamburg
Saturday, May 24, 2025
Home Port News ICTSI inks new 30-year lease for box terminal in Poland

ICTSI inks new 30-year lease for box terminal in Poland

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.





Latest Posts

Shipping surge or strategic stall? Industry braces for July 9 tariff truce deadline

As the clock ticks down toward July 9, the expiration date of the current US-China tariff truce, the global shipping industry is caught in...

Brazil approves MSC’s Acquisition of Wilson Sons, paving the way for $1.35 billion deal

Brazilian regulators have given the green light to MSC’s planned acquisition of Wilson Sons, clearing the final regulatory hurdle and setting the stage for...

Port of Los Angeles expands investment in zero-emissions trucking through 2028

The Port of Los Angeles has announced a continued commitment to advancing clean transportation, with a three-year plan to accelerate the transition of its...

Saga Shipholding transfers entire fleet to the Bahamas ship registry

The Bahamas Maritime Authority announceδ that Saga Shipholding, in partnership with NYK and under the management of global leader Anglo-Eastern, has committed to transferring...

Rhenus Group opens logistics hub in Venlo

The Rhenus Group proudly announces the official opening of its cutting-edge logistics hub in Venlo. This newly launched facility significantly enhances Rhenus Road’s European logistics...
error: Content is protected !!