APM to Invest USD 70 Mn in Port Elizabeth Terminal

Dutch terminal operator APM Terminals is set to invest USD 70 million into its US-based Port Elizabeth terminal, which would enable the port to receive increased loads arriving from larger vessels travelling via the Panama Canal.

The Port Elizabeth facility, located in the US East Coast’s Port of New York and New Jersey complex, handles over 2,100 trucks a day, 4000 terminal gate transactions and more than 500 vessel calls per year.

APM said that, with the investment, the terminal’s current capacity of 1.5 million TEU would be expanded to 2.3 million TEU.

The terminal operator plans to issue a private tender for construction of the berth in the fall of 2016.

“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,” Wim Lagaay, President of APM Terminals North America, said.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jun 2018 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

TRANSTEC 2018

TRANSTEC 2018 welcomes participants to explore Russian Ports and Shipping development opportunities…

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

The 27th World Gas Conference

The 27th World Gas Conference is the leading global industry event and is the definitive gathering of influential leaders, buyers and sellers, policy-makers and experts from around the world.

You will hear critical business insights and lively debates on the most topical issues facing the global gas industry today and in the future.

From 25-29 June 2018, Washington DC is expected to host 12,000 attendees, 500 speakers and 350 exhibitors representing, more than 600 companies from 100 countries.

Presented by the IGU, this is the largest and most high-profile gas event that is conducted by the industry for the industry.

Read More

read more >

SMM 2018

This is a must-attend event – a unique opportunity to meet key players, display business strengths, establish new contacts and exchange…

read more >