Joint acquisition of DCT Gdańsk complete

The purchase by PSA International, Polish Development Fund and IFM Investors was first announced in March and reportedly was worth more than 1 billion euros.

Joint acquisition of DCT Gdańsk complete

The purchase by PSA International, Polish Development Fund and IFM Investors was first announced in March and reportedly was worth more than 1 billion euros.

Joint acquisition of DCT Gdańsk complete

The purchase by PSA International, Polish Development Fund and IFM Investors was first announced in March and reportedly was worth more than 1 billion euros.

 

   Global port operator group PSA International Ptd. Ltd. (PSA), the Polish Development Fund and IFM Investors announced Tuesday they had completed the transaction to jointly acquire Poland’s largest containership terminal, Deepwater Container Terminal Gdańsk.
    The acquisition, which was first announced in March, was worth more than 1 billion euros, The Wall Street Journal reported at the time.
    DCT Gdańsk, which opened in 2007, is the only terminal in the Baltic that can serve ultra large container vessels with a capacity of up to 23,000 TEUs, the joint statement said. The terminal handled 1.9 million TEUs in 2018.
    DCT Gdańsk, which is undergoing expansion to be completed in 2019 and 2020, has a quay length of 1,306 meters and a maximum depth of 17 meters.

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

The growth of online grocery sales has the U.S. market for cold-storage warehouses poised for strong growth, potentially creating demand for up to 100 million square feet of industrial cold-storage space over the next five years.

Average container vessel size on the Asia to North Europe trade actually shrank between May 2018 and May 2019, falling from 14,253 TEUs to 13,808 TEUs, although total container vessel count on the trade rose from 219 to 229, according to BlueWater Reporting’s Capacity Report.

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Joint acquisition of DCT Gdańsk complete

The purchase by PSA International, Polish Development Fund and IFM Investors was first announced in March and reportedly was worth more than 1 billion euros.

May 21, 2019 on Dec 27, 2018AmericanShipper.com

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Joint acquisition of DCT Gdańsk complete

The purchase by PSA International, Polish Development Fund and IFM Investors was first announced in March and reportedly was worth more than 1 billion euros.

May 21, 2019 on Dec 27, 2018AmericanShipper.com