Friday, May 11, 2012

Global Container Terminals Announces Expansion Project

Global Container Terminals, which operates facilities at Port Metro Vancouver in British Columbia as well as in the New York-New Jersey area, has unveiled plans for a multi-million dollar project to develop a 70-acre container terminal on the Bayonne, NJ, waterfront.

The company promises that when complete, Global Terminal at Port Jersey would be the most advanced marine terminal within the Port of New York and New Jersey.

The expanded facility, scheduled to open in 2014, is expected to improve the competitiveness of the Port of New York and New Jersey via a world-class terminal designed to handle the largest container vessels at greater throughput density per acre, the company says.

The Port Authority of New York and New Jersey acquired the project land, which adjoins Global’s existing facility in 2007. Both the existing Global Terminal and the expansion area are situated on New York Bay.

With 50 feet of water depth at its new berths, Global Terminal will be able to handle the largest container vessels in the world, according to the company, and have total capacity to move 1.7 million twenty-foot equivalent units annually.

“Our expanded Global Terminal facility will come on line precisely in time to help meet the demands of larger vessels transiting the Suez Canal and new wider Panama Canal,” Global President and CEO James Devine said.