On May 17, 2014, PNCT welcomed three super-post Panamax ship-to-shore cranes. Slated to commence work in September 2014, the new cranes feature a 65-ton twin 20’ lifting capacity and are rated to handle cargo from 14,000+ TEU vessels ranging 22 containers wide. Vessels of this size represent some of the largest ships that will deploy for U.S. trade once expansion of the Panama Canal finalizes.
The new cranes are expected to improve the terminal’s capacity while creating regional economic growth. Their addition coincides with a slate of major improvements PNCT initiated in 2011. The overall effort includes programs to develop additional acreage, deepen berths, strengthen docks, expand the queuing area, and upgrade capital equipment. Worth noting, PNCT has completed upgrades on its entire fleet of container-handling equipment.
In September, PNCT will commission the cranes and fully complete the doubling of its rail operations which includes recently deployed RTG capabilities at the rail ramp. Phase II of PNCT’s yard expansion will begin later this year.
Representing one of the largest infrastructure projects currently underway in New Jersey, PNCT has committed more than $500 million to its expansion before the year 2030. Supporting this effort, The Port Authority of New York and New Jersey will invest up to an additional $100 million in PNCT improvements.
Port Newark Container Terminal, Port Newark, New Jersey, occupies 259 acres (300 acres with expansion), and handles more than 600,000 containers annually. PNCT has a 20-year option extension of its lease agreement with the Port Authority of New York/New Jersey, which continues through 2050. PNCT is a joint venture of Ports America, the largest independent marine terminal operator and stevedore company in the United States. Ports America currently operates in more than 42 ports and 80 locations, handling all types of cargo: containers, bulk, breakbulk, automotive, project, military and cruise.
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