Maersk's APMT ups New Jersey investment 185pc

Published on Monday,27 February 2017

Maersk's APM Terminals (APMT) is increasing its Port Elizabeth, New Jersey, investment by US$200 million to expand what has become the biggest container terminal on the US east coast, according to Shipping Gazette.
APMT, in dialogue with the Port Authority of New York and New Jersey, shipping companies, shippers, railways, truckers and the dockers union, has increased its previously announced $70 million investment plans.
This figure includes ordering four next-generation ship-to-shore cranes to handle mega ships, said the APMT statement.
These vessels are expected to start calling the port right after the heightening of the Bayonne Bridge is completed later this year, it said.
The heightening of the Bayonne Bridge, combined with the widened Panama Canal allows these mega ships to call and be handled efficiently, said APMT.
Further investments include an expanded gate complex designed to improve the trucker experience through a safer and faster cargo flow, upgrades to container handling equipment to make them safer, more fuel efficient.
APM Terminals said it is being 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.
"These terminal enhancements would not be possible without the essential work the Port Authority of New York & New Jersey has done to deepen the harbour and heighten the Bayonne Bridge to ensure future success and growth of the port," said APMT North America president Wim Lagaay.
The Bayonne Bridge, linking New Jersey with Staten Island, and originally completed in 1932, will be raised to a height of 215 feet (65.5 metres) from its original 151 foot (46 metres) vessel passage clearance, allowing the latest generation of ships to enter Newark Bay.

Source: http://www.transportweekly.com/pages/en/news/articles/131485/