BCT starts largest investment in its history
The Baltic Container Terminal (BCT) is just beginning its largest investment programme in its history to the tune of USD$51m – 35% of which will be coming from EU funds.
Between 2012 and 2015, the terminal’s equipment, infrastructure and IT systems will all be upgraded, with the aim of increasing the terminal’s capacity from 750,000 teu to 1.2m teu.
Rail side capacity will also be increased thanks to the purchase of new RMGs and the Port of Gdynia’s investment in longer tracks.
BCT achieved great throughput last year – the terminal experienced a 30% container increase and rail turnover had a 37% share of all boxes – over 20% more than in 2010.
Krzysztof Szymborski, CEO of BCT said to Port Strategy: “The foresight of further investment at BCT means we are not afraid to make major investment ourselves. It will mean we are able to meet the future demands of shipping lines and the need of Polish foreign trade.”
This is good news for BCT considering that 2009 was such a tough year due to the economic crisis and the loss of Maersk – the terminal’s largest client at the time. But, despite these adversities, the terminal still managed to “stay profitable” through the hard times.
Short term BCT’s strategy is based on wise and flexible resource management, but longer term, the plan is clearly spend to accumulate.