Germany’s logistics specialist Rhenus Group has raised its share in Bulk Cargo-Port Szczecin, Poland to 98,5 percent, following an acquisition in October of an additional 58,5 percent of shares in the Polish port operation company, making Rhenus the majority shareholder.
According to Rhenus, the acquisition paves the way to continue developing its activities in Szczecin.
Rhenus had initially acquired the first 40 percent of Bulk Cargo-Port of Szczecin in 2022. The logistics solutions provider has been active in Poland for more than 30 years, as well as 30 years at the Port of Szczecin, and employs around 3,500 people in Poland.
“The port of Szczecin, with its significance for European waterways, is also of great importance to the Rhenus network. The potential of this port for environmentally friendly supply chains for the Polish, Czech and East German markets is immense,” said Michael de Reese, head of the Rhenus port logistics division.
As the biggest terminal operator in the Port of Szczecin, Bulk Cargo handles around four million tons of goods annually.
The terminal comprises eleven berths and a quay wall measuring 3.5 kilometres.
The services provided at the Baltic port include bulk and breakbulk handling with specialized equipment, storage, stevedoring and port forwarding via inland waterway, road and rail.
While historically, the port has been most known for handling coal and ore for the local coal mines, steelworks and coking plants, today Szczecin is a multipurpose port, with bulk, breakbulk, general and liquid cargo transshipment capabilities.
The Szczecin and Świnoujście Seaports Authority has previously invested in several improvement measures in the port, such as a deepening of the fairway and the strengthening of the quay walls.
“We therefore plan to build upon these previous investments and further develop the port infrastructure as well as future-proof handling equipment and technology at the Port of Szczecin,” concluded Micheal de Reese.
