Sea Invest, a transport and logistics company, is understood to be close to agreeing on a joint venture to develop ArcelorMittal's iron ore import terminal at Poland's Gdansk port to a dual coal import operation. Last year Sea Invest bought the adjacent Gdansk coal export terminal - known as Port Polnocny - with the intention of turning it into a coal import set up. But it is thought that after the onset of the global economic recession, Sea Invest saw development of the neighbouring ArcelorMittal terminal as a more cost-effective route for the time being.
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