APM Terminals To Invest USD 70 Million To Expand Port Elizabeth Terminal
The Port of New York and New Jersey is the largest port on the US East Coast and third largest in the United States with 6.37 million TEU handled in 2015. Beginning in 2014, The Port Authority of New York and New Jersey has committed to a ten year, agency-wide capital investment campaign for transportation infrastructure. Over USD 200 billion in cargo value moves through the port that serves one of the most attractive consumer markets in the United States with a population of 20 million located within three hours of the port.
APM Terminals’ Port Elizabeth facility is one of the largest container terminals in the port complex, handling over 2,100 trucks a day, 4000 terminal gate transactions and more than 500 vessel calls per year. The current capacity of 1.5 million TEU will be expanded to 2.3 million TEU. APM Terminals CEO Kim Fejfer said “We are an infrastructure leader and our investment in Port Elizabeth will ensure a state-of-the-art port that serves as a business generator between the United States and other economies. We have developed strong relationships with clients, the port community and business leaders necessary to confidently expand our presence and invest for the future.”
Wim Lagaay, President of APM Terminals North America added, “We applaud the Port Authority of New York and New Jersey and the Port Department who have been instrumental in deepening the harbor, heightening the Bayonne Bridge and listening to the changing needs of terminal operators and customers. We have shared our vision to create a container terminal capable of ushering in the new era of ultra-large container vessels and to serve more sophisticated customer needs. Our investment in a new berth capable of handling 13,000 TEU vessels will help Port Elizabeth become even more competitive and represents the first in a series of modernization initiatives to ensure our end user experience is truly industry-leading.”
Molly Campbell, Director of the Port Department for the Port Authority of New York and New Jersey said “APM Terminals is an important service provider at the Port of New York and New Jersey. As one of the original container terminal operators at our Port we welcome APM Terminals continued investment in order to ensure that we remain a key gateway for the next generation of cargo ships. Modernizing our port infrastructure is critical to our regional economy’s continued competitiveness.”
APM Terminals will issue a private tender for construction of the berth in the fall of 2016.
Reference: apmterminals.com
Shipping News You Would Like:
Disclaimer :
The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Do you have info to share with us ? Suggest a correction
Latest Shipping News You Would Like:
U.S Navy To Decommission Littoral Combat Ships USS Little Rock & USS Detroit After Less Than 10 Years in Service
Firefighter Robot Built For Indian Navy Warships Undergoes Trials On INS Vikrant
U.S Navy To Integrate 3D Printing On Virginia-Class Submarine To Speed Up Construction Process
Cocaine Worth €157 Million Seized From Ship In Ireland’s Biggest Drugs Haul Ever
After India, U.S Raises Concerns Over Chinese Spy Ship’s Visit To Sri Lanka
Get the Latest Maritime News Delivered to Your Inbox!
Our free, fast, and fun newsletter on the global maritime industry, delivered everyday.