APM Terminals to invest on US East Coast in anticipation of bigger ships from Panama Canal

APM Terminals has announced that it will invest $70m in expanding throughput capacity at its Port Elizabeth terminal at the Port of New York and New Jersey.

The move will expand annual capacity from 1.5m TEUs to 2.3m TEUs, as a new berth capable of handling 13,000 TEUs vessels will be constructed. According to APM Terminals, the investment “will enable one of the largest ports in the USA to receive increased loads arriving from larger vessels travelling via the Panama Canal.”

Wim Lagaay, President of APM Terminals North America commented, “We applaud the Port Authority of New York and New Jersey and the Port Department who have been instrumental in deepening the harbour, 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.”

APM Terminals will issue a private tender for construction of the berth over the coming months.

Source: APM Terminals