The Swedish seaport will invest around SEK700 million (€62.1m) in infrastructure development and equipment, including in quay lengthening, a crane, dredging, yard space, as well as in railways and a marshalling yard.

The project is set to be completed in H1 2027.

"The investment will strengthen our own as well as the region's competitiveness as we open up for new businesses and client cooperation. The Port of Oxelösund has the potential to be one of the Baltic Sea's most important transport nodes for numerous industries," commented Staffan Thelander, the Port of Oxelösund's CEO.

He furthered, "With these investments we're enabling faster and more environmentally friendly transports, remaining a part of a value chain that will noticeably lower carbon emissions in the steel industry. We see this as a model of how we can help more companies offer climate-smart and effective logistics solutions."

Photo: Port of Oxelösund