APM Terminals (APMT) has more than doubled its investment plans for its facility at the Port of New York/New Jersey.
The terminal operator is now planning a US$200m investment project in its Port Elizabeth facility, compared to the US$70m previously announced.
The new investment plans include the purchase of four next-generation ship-to-shore (STS) cranes to handle ultra-large container vessels (ULCVs) at the facility.
The port is expected to start handling these vessels are expected to start calling the port following the completion, scheduled for later this year, of a project to heighten the Bayonne Bridge.
Further investments will include an expanded gate complex to allow a safer and faster cargo flow by truck, and upgrades to make container handling equipment safer, more fuel efficient and environmentally friendly.
The terminal’s current capacity of 1.5m teu will also be expanded to 2.3m teu following a berth expansion to accommodate three ULCVs calls simultaneously.
A statement by the terminal operator noted: “APM Terminals is being very selective and disciplined about the projects for which to invest; these projects complement already committed investments being made at the berth to ensure the most value is harnessed from this strategic location over the long term.”
“Our goal is to make APM Terminals Port Elizabeth safer, easier to use and faster for our trucker community, more productive for our shipping line clients and more reliable for our clients’ supply chains expectations,” added Wim Lagaay, president of APMT North America.
Upon completion of the heightening project, the Bayonne Bridge, which connects New Jersey to Staten Island, will be raised to a height of 215 ft (65.5 m) from its original 151 ft (46 m) vessel passage clearance.