Rhenus Group has acquired an additional 58.5% stake in Polish port operator Bulk Cargo - Port Szczecin, bringing its total ownership to 98.5% and making it the majority shareholder, the company announced. “The Szczecin port is a critical hub for European waterways and plays a significant role within the Rhenus network. Its potential for environmentally friendly supply chains serving Poland, the Czech Republic, and eastern markets is enormous. For 30 years, Rhenus has supported Polish customers and will continue to develop efficient logistics solutions for them,” said Michael de Reese, Director of the Rhenus Port Logistics division. The Szczecin and Świnoujście Seaports Authority has already made significant investments in the port, including deepening the waterway and reinforcing the quay walls. Rhenus plans to build on these improvements by further enhancing the port’s infrastructure, equipment, and transshipment technology. Rhenus initially acquired a 40% stake in Bulk Cargo - Port Szczecin in 2022. The group has a long-standing presence in Poland, with operations in Szczecin spanning over three decades. It employs 3,500 people across its Polish subsidiaries. As Szczecin’s largest terminal operator, Bulk Cargo handles approximately 4 million tons of goods annually. The terminal features 11 berths and a 3.5-kilometer-long waterfront. Services at the Baltic port include the transshipment of bulk and general cargo using specialized equipment, warehousing, and forwarding via inland waterways, road, and rail. Historically, the port was a key hub for coal and ore shipments supporting Polish mines, steel mills, and coke plants. Today, it has evolved into a versatile, multifunctional port capable of handling bulk, general, and liquid cargo. Rhenus Group is one of the world’s leading logistics providers, with annual revenue of €7.5 billion. Operating in over 70 countries, the group employs 40,000 people at 1,320 locations globally. Source: Rhenus Group and ISBnews Photo: Rhenus Group