APM Terminals to Invest $200 Million in NJ Port
APM Terminals has significantly increased its previously announced $70 million investment plans for the APM Terminals Port Elizabeth facility in New Jersey, and now plans a total investment of $200 million to accommodate increased container traffic and vessel size.
This figure includes ordering four next-generation Ship-To-Shore (STS) cranes to handle ultra-large container ships (ULCS) at North America’s second-busiest port complex. These larger vessels are expected to start calling the port with recently announced completion of the project to raise the Bayonne Bridge roadbed by 64 feet. The raising of the Bayonne Bridge, combined with the widened Panama Canal, enables ULCS liner services to call and be handled efficiently at the advanced APM Terminals facility.
APM Terminals’ Port Elizabeth facility is one of the largest container terminals in the bi-state Port of New York and New Jersey complex, handling over 2,100 trucks a day, 4000 terminal gate transactions and more than 500 vessel calls per year. The current annual throughput capacity of 1.5 million TEU will be expanded to 2.3 million TEU, with berth expansion to accommodate three simultaneous ULCS vessel calls. The expansion and upgrades will be performed with no disruptions in service at the terminal through a dedicated onsite APM Terminals project team.
The Port of New York and New Jersey is the largest port complex on the United States East Coast, with 6.25 million TEUs handled in 2016.
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