APM Terminals to boost its investment in Port Elizabeth by $200m

APM Terminals to boost its investment in Port Elizabeth by $200m

APM Terminals (APMT) announced on Wednesday a significant ramping up of its investment in infrastructure at Port Elizabeth in New Jersey.

The $200m extra investment is to enhance plans for making the port better fitted to handle ultra large container ships of the kind now able to transit the expanded Panama Canal.

It includes buying four next-generation ship-to-shore cranes big enough to work on ULCS-size vessels.

APMT’s initial investment, announced last September, was $70m for a new berth and was projected to increase the annual capacity of the terminal from 1.5m teus to 2.3m teus.

Port Elizabeth is one of the leading container terminals in the Port of New York and New Jersey complex, the largest port on the US East Coast.

Netherlands-based APMT is owned by Danish conglomerate Maersk Group.

Donal Scully

With 28 years experience writing and editing for newspapers in the UK and Hong Kong, Donal is now based in California from where he covers the Americas for Splash as well as ensuring the site is loaded through the Western Hemisphere timezone.

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