Luminor Bank has provided EUR 12 million in financing to one of Latvia’s largest container terminals, Baltic Container Terminal (BCT), located in the territory of the Freeport of Riga, in Daugavgrīva. The funding will be used to facilitate the company’s development – to finance working capital, purchase new equipment and develop infrastructure.
“Baltic Container Terminal plays an important role in the logistics sector not only in Latvia, but in the entire Baltic region. This funding is an investment in the industry development, which will increasingly strengthen the region’s competitiveness and foster new growth opportunities. The company’s development and success to date have been achieved thanks to long-standing experience and a professional team. The company is deservedly considered a leader in its sector and the fastest growing container terminal in the Baltics, operating every day, all year round, 24 hours a day,” says Ilze Zoltnere, Head of Corporate Banking at Luminor in Latvia.
Baltic Container Terminal (BCT) is the largest container terminal in Latvia and one of the largest distribution centres in the Baltic region, established in 1996. The main activities of the terminal are the organisation of berthing of ships, loading and unloading of containers, cargo storage and warehouse services, container repair and refrigerated container servicing and other auxiliary activities such as loading and unloading of cargo from containers into railway wagons and trucks and vice versa.
“BCT is a company that really cares about quality. We can proudly say that we are not standing still and that we are moving forward. We have already invested heavily in a modern terminal management system and automation, which has made us the leader in information technology in the Baltic region. The granted financing will allow us to expand our handling capacity through the acquisition of new equipment, as well as to improve the quality of our services, strengthening cooperation with our partners and contributing to our future development,” says Gerard Sammut, CEO of Baltic Container Terminal.
The terminal successfully cooperates with the world’s leading shipping companies such as MSC, Maersk, CMA-CGM, Yang Ming, Cosco and OOCL, providing top quality services and efficient logistics solutions.
About Baltic Container Terminal
Baltic Container Terminal (BCT) is a private container terminal located at the mouth of the Daugava River in the territory of the Freeport of Riga. The terminal has become the fastest growing container handling company in the Baltic States and enjoys the trust of its customers because it has proven its commitment to high-quality operations, adhering to high quality standards and working productively, safely and efficiently.
