PSA, Partners Wrap Up DCT Gdańsk Acquisition

23 May 2019 1:43 PM | Anonymous

Original news was published on 22 May 2019

Singapore’s terminal operator PSA International, the Polish Development Fund (PFR) and the IFM Global Infrastructure Fund (GIF) have completed the acquisition of DCT Gdańsk, the largest container terminal in Poland.

The transaction was closed on May 21, 2019, after the parties obtained formal approval by the relevant authorities.

As World Maritime News earlier reported, the shares in DCT Gdańsk have been purchased from Macquarie Infrastructure and Real Assets (MIRA) managed fund Global Infrastructure Fund II, MTAA Super, AustralianSuper and Statewide Super.

DCT Gdańsk is one of the fastest growing container ports in Europe and the only terminal in the Baltic that can serve ultra large container vessels (ULCVs) with a capacity of up to 23,000 TEUs.

Container volumes handled by the terminal have grown steadily over the years to reach 1.9 million TEUs in 2018.

The terminal has a quay length of 1,306 meters and a maximum depth of 17 meters. DCT Gdańsk is already undergoing expansion, which will be completed in the course of 2019 and 2020.

“The consortium partners have the intention to further strengthen the terminal’s position and to look into additional expansion needs as and when relevant,” a joint statement reads.

*NEWS SOURCE