JAXPORT amends construction schedule for new Hanjin Terminal

“It is anticipated that the process of constructing the Hanjin-Jacksonville terminal will begin 18 to 24 months from now, allowing for the completion of the expected deepening of the St. Johns River and the opening of the new Hanjin Terminal to coincide.” said JAXPORT Board Chairman Dave Kulik

The 30-year lease agreement the port authority signed with Hanjin in December 2008 called for construction of a 90-acre container facility at the Dames Point Marine Terminal in North Jacksonville At the time, the port authority estimated construction of the US$300m Hanjin terminal would be completed in late 2011. The site is adjacent to the TraPac Container Terminal the port authority built for Mitsui OSK Lines (MOL), which opened in January 2009.

Kulik described the decision as “a prudent course of action for both Hanjin and the Jacksonville community, one that will ensure each partner realises the maximum benefits from this joint project by ensuring that the larger container ships we must bring to Jacksonville can be accommodated from day one.”