Singapore-headquartered port operator PSA International is acquiring an 85 per cent stake in Loconi International from ATA Cargo.
The acquisition being made by PSA Baltics targets the development of new rail connections reducing the use of road transport, reports UK’s Seatrade Maritime News.
PSA said that with the acquisition it intends to enhance existing hinterland connections from Baltic Hub Container Terminal in Gdansk, Poland and extend the port’s reach into new markets in Central and Eastern Europe.
‘Loconi will play an important part in our Node-to-Network strategy in going beyond terminal services and growing our role as a port ecosystem player, through the development of port-adjacent services, such as intermodal connectivity and digitalization.
‘This move underscores our commitment to innovation and superior customer service, paving the way for a more interconnected and efficient port and supply chain network in the region,’ said Vincent Ng, regional CEO of PSA Europe & Mediterranean and PSA Middle East South Asia.
Loconi runs 220 trains every month across five corridors in Poland and handles approximately 250,000 TEU each year.
‘We believe that PSA is an excellent partner to ensure that these Loconi values remain relevant and that all intermodal stakeholders take better advantage of the untapped potential of rail transport in this part of Europe,’ said Lidia Dziewierska, CEO of Loconi Intermodal.
The transaction is subject to approval from the relevant authorities.