Development of International Shipping Container Distribution Centre

TGS Baltic advised the European Bank for Reconstruction and Development (EBRD) and AB SEB Bank on 65 million euros of financing for the stevedoring company LKAB Klaipedos Smelte for development of an international container centre that is expected to become a major transshipment hub in the eastern Baltic region.

Klaipedos Smelte provides handling and storage of containers, heavy-lift and project cargo, frozen fish and meat products, as well as various packed cargoes at Klaipėda port. Annual throughput capacity exceeds 3.5 million tons. Klaipedos Smelte is part of the worldwide container terminal network controlled by Terminal Investment Limited (TIL).