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Business > Maritime
ICTSI signs new 30-year lease for Baltic Terminal in Poland
by The Manila Times
Dec 21, 2022 12:04 am

A NEW 30-year lease was signed between the International Container Terminal Services Inc. (ICTSI) and the Port Authority of Gdynia in Poland for the Baltic Container Terminal (BCT) on Monday, December 19. The new lease will run until 2053.

The new lease, for which ICTSI was declared the preferred bidder, effectively extends the tenure of BCT under the management and operation of Philippine-headquartered ICTSI.

Hans Ole-Madsen (seated right), ICTSI senior vice president, regional head-EMEA, and Wojciech Szymulewicz (standing right), BCT CEO, with Port Authority of Gdynia S.A. representatives during the signing of the lease extension for BCT on Monday, Dec. 19, 2022. PHOTO FROM ICTSI

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