APM Terminals announced that it will significantly increase its previously announced USD $70 million investment plans for the APM Terminals Port Elizabeth facility. According to officials, the terminal operator now plans to invest a total of USD $200 million.
This sizable investment will include the purchase of four next-generation Ship-To-Shore (STS) cranes to handle ultra-large container ships (ULCS) at North America’s second-busiest port complex.
We are connecting people, lifting global trade and addressing liner trends to make the port even better for the future. Our goal is to make APM Terminals Port Elizabeth safer, easier to use and faster for our trucker community, more productive for our shipping line clients and more reliable for our clients’ supply chains expectations.- President, APM Terminals North America
These ULCS are expected to begin calling the port when the heightening of the Bayonne Bridge is completed later in 2017. The heightening of the Bayonne Bridge, combined with the expansion of the Panama Canal, allows the operators of ULCS liner services to call and at the advanced APM Terminals facility at Port Elizabeth.