ICTSI to invest over $84M in Poland terminal upgrade
INTERNATIONAL CONTAINER Terminal Services, Inc. (ICTSI) has announced plans to invest over $84 million through its Baltic Container Terminal (BCT) in Gdynia, Poland, to enhance its terminal facilities.
In a statement released on Tuesday, ICTSI confirmed the completion of Phase 1 of a two-phase major upgrade at the Helsie Quay.
“The completion of Phase 1 of our development program lays the foundation for major benefits that will be realized by our clients,” said BCT Chief Executive Officer Wojciech Szymulewicz.
Phase 1, which involved an investment of $42 million, saw the construction of 400 meters of quay, along with additional works including the installation of a new third rail to accommodate wider-span cranes, new hydrotechnical structures, and the development of roads and utility networks.
The upgrade is part of the Port of Gdynia’s efforts to accommodate larger vessels. ICTSI further announced that Phase 2 of the project is set to begin in September, which will involve the commissioning of an additional 100 meters of quay line.
Phase 2 is expected to be completed by the second quarter of 2026, according to ICTSI. Upon completion, the project will deliver two to four new super post-panamax quay cranes, enhancing the quay’s berthing and operational capacities.
ICTSI said the new cranes are expected to increase BCT’s annual handling capacity to between 1.2 million and 1.6 million twenty-foot equivalent units (TEUs).
Since 2003, ICTSI has held a 20-year concession granted by the Port Authority of Gdynia to develop, operate, and manage the container terminal in Pomerania, Gdynia, Poland. The company also acquired BCT, which holds the lease for the terminal.
On Tuesday, ICTSI shares closed at P407 apiece, up by P22 or 5.71%. — Ashley Erika O. Jose
