OT Port Świnoujście has extended the lease of the land on which the terminal operates

OT Port Swinoujscie and the Szczecin and Swinoujscie Seaport Authority have signed a promissory lease agreement for the property on which the terminal operations are carried out.

Port assets are now a key element of the OTL Group’s operations, and seaports play a strategic role in the global economy. Ensuring the long-term continuity of operations at the Świnoujście terminal was one of our priorities this year and this has been achieved with the signing of the agreement with the Szczecin and Świnoujście Seaport Authority. OT Port Świnoujście performs very important – from the point of view of the OTL Group and the entire Polish economy – bulk cargo handling. Our recent investments, including the purchase of new cranes, the first of which has just been delivered to the port, will enable us to carry out transshipments, in addition to bulk, of heavy pieces, containers and oversized cargo,” says Kamil Jedynak, president of OT Logistics.

The agreement concluded on 20.09.2023 between the Szczecin and Świnoujście Seaports Authority and OT Port Świnoujście, a subsidiary of OT Logistics, is an annex to the current lease agreement (dated 12.09.1994) and provides, among other things, for the extension to 30 years of the lease of the real estate on which the terminal operations are carried out, which increases the stability of the activities of OT Port Świnoujście and definitely facilitates further investment decisions.

Source: PortalMorski.pl