APM Terminals increases Port Elizabeth investment
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.
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