APM Terminals to invest $70m in new berth at Port Elizabeth container terminal

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APM Terminals (APMT) has announced a $70m investment in a new berth at its Port Elizabeth facility in New Jersey.

Port Elizabeth is one of the leading container ship terminals in the Port of New York and New Jersey complex, the largest port on the east coast and one which serves the huge New York metropolitan and northeast US markets.

The new berth will allow the port to handle the bigger container vessels transiting the expanded Panama Canal and will increase its capacity from 1.5m teus per year to 2.3m. As projected the tender will go out in autumn this year and the project should be completed by late 2017.

Port Elizabeth is APMT’s largest terminal on the US east coast.