APM Terminals (APMT) is to invest US$70m in its largest facility on the US East Coast, enabling it to receive increased loads from larger vessels travelling via the Panama Canal.
Annual capacity at the terminal in Port Elizabeth, New Jersey, will increase from 1.5m teu to 2.3m teu due to the addition of a new berth capable of handling 13,000 teu vessels.
The facility in the Port of New York and New Jersey handles 2,100 trucks per day, 4,000 terminal gate transactions and more than 500 vessel calls per year.
Kim Fejfer, CEO of APMT, said that the investment would ensure the port “serves as a business generator between the United States and other economies”.
Wim Lagaay, president of APMT North America, thanked the port authority for being instrumental in “deepening the harbour, heightening the Bayonne Bridge and listening to the changing needs of terminal operators and customers”.
Molly Campbell, director of the port department for the Port Authority of New York and New Jersey, said: “Modernizing our port infrastructure is critical to our regional economy’s continued competitiveness.”
APMT will issue a private tender for construction of the berth in the autumn of 2016.