Invested 2006 – 2019
Enabling global trade flows
Recognising the opportunity Poland had to offer a reliable and cost-effective alternative to the ports of Northern Europe, local port authorities awarded DCT Gdansk a long-term concession to build and operate a new deep-sea container terminal on the edge of the Baltic Sea.
Beginning with a stretch of undeveloped coastline, MIRA and its co-shareholders supported DCT Gdansk as it oversaw the greenfield development of the only port in the region able to serve Ultra Large Container Vessels (ULCV). With a quay length of 1,306 metres and a maximum depth of 17 metres, the port received its first vessel in 2007.
DCT Gdansk faced a difficult operating environment upon opening for business. The onset of the global financial crisis, combined with the unique nature of the direct call to Poland, made securing vessel calls for the new terminal challenging in its early years. MIRA and its co-shareholders supported efforts to market DCT Gdansk to global shipping lines and to diversify its customer base – positioning the port as a gateway into Poland and the markets of Central and Eastern Europe.
This perseverance was rewarded when the port began accepting direct calls from Asia in 2010, with container vessels capable of carrying 8,000 twenty-foot equivalent units (TEU) of cargo arriving to transport Polish imports and exports. By 2011, DCT Gdansk was handling the world’s largest class of ship on a weekly basis.
With container volumes handled by the port expanding rapidly, MIRA and its co-shareholders supported DCT Gdansk as it invested to grow capacity further. This culminated in the construction of a second quay in 2016, which saw the port’s annual throughput capacity double – increasing to ~3 million TEU. By the time MIRA exited its investment in DCT Gdansk, the port was ranked amongst the 15 top container terminals in Europe2.