Maersk’s port operator, APM Terminals, is set to significantly expand capacity at its facility at the US Port of Mobile after agreeing to extend the contract with the Alabama Port Authority to continue its concession until 2058.
The parties agreed yesterday to build a new 400-metre quay, increasing Mobile’s capacity by 50% and “enabling the terminal to handle three very large container vessels (ULCVs) simultaneously”.
The cost of the new pier is $131 million.
The post APMT and Port Authority Move Closer to Plan for New Pier in Mobile appeared first on The Loadstar.
