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KLASCO to expand Klaipeda bulk terminal

Klaipedos Juru Kroviniu Kompanija (Klaipeda Stevedoring Company, KLASCO), a part of Lithuanian industrial conglomerate Achemos Grupe, is reportedly planning to invest $13M this year in the expansion of its 2 mtpa bulk cargo terminal at the domestic port of Klaipeda.
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Initially built for handling nitric, phosphate and potash fertilisers, the terminal was later converted for grain operations.

Its 225m-long berth has an alongside depth of 14m and is capable of handling Panamax ships. With three domed stores of 20,000t each already operating within the terminal’s area of 2.4ha, KLASCO is looking to build additional storage facilities for 80,000t of manure and 40,000t of grain.

“Our clients have shown strong demand for accumulating large volumes of grain, as they often lack railcars. There is also demand for storing manure,” said KLASCO interim CEO Juozas Benetis.

“We are aiming to improve the business terms we offer our clients, as well as enhancing our own competitiveness.”

KLASCO handled 8.43 mt of various cargoes in 2009, down 12.6% y/y. This year the company aims to increase its handling volume by 12.7% on 2009 to 9.5mt.

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