THE Port of Baltimore up 5pc to increase container throughput to 998,516 TEU this financial year, an annual growth rate sustained since 2003, reports UK WorldCargo News.
In 2010, the Maryland Port Administration (MPA) entered into a 50-year concession with Ports America Chesapeake, LLC (PAC) that included redeveloping the Seagirt marine terminal. PAC constructed a new 50-foot deep (Berth 4), purchased four 22-row outreach STS cranes, modified seven existing cranes and purchased RTGs.
The MPA and PAC are now moving ahead to redevelop another berth to offer a depth of 50-feet and redevelop more of the yard area with paved runways for RTGs.
The first stage of the development is a US$30.4 million project to upgrade Berth 3 to superpostpanamax standards.
The MPA has secured a BUILD grant from the US Department of Transportation for $6.5 million, with the State contributing $7.8 million and PAC $18.4 million.
A factor in winning the BUILD grant was that Baltimore City is an economically distressed region, with an unemployment rate more than seven per cent, compared to the national average of less than five per cent.
There is no deadline attached to the BUILD funding, but the MPA is planning to start the work in late 2019 with completion in 2020.
The Berth 3 project will be a catalyst for significantly more investment by PAC and the MPA at Seagirt. PAC is spending US$3M this year converting the terminal operating system to Navis N4 (from SPARCS), and has plans to add four more STS cranes and additional RTGs over 2018-2020.
WORLD SHIPPING
In 2010, the Maryland Port Administration (MPA) entered into a 50-year concession with Ports America Chesapeake, LLC (PAC) that included redeveloping the Seagirt marine terminal. PAC constructed a new 50-foot deep (Berth 4), purchased four 22-row outreach STS cranes, modified seven existing cranes and purchased RTGs.
The MPA and PAC are now moving ahead to redevelop another berth to offer a depth of 50-feet and redevelop more of the yard area with paved runways for RTGs.
The first stage of the development is a US$30.4 million project to upgrade Berth 3 to superpostpanamax standards.
The MPA has secured a BUILD grant from the US Department of Transportation for $6.5 million, with the State contributing $7.8 million and PAC $18.4 million.
A factor in winning the BUILD grant was that Baltimore City is an economically distressed region, with an unemployment rate more than seven per cent, compared to the national average of less than five per cent.
There is no deadline attached to the BUILD funding, but the MPA is planning to start the work in late 2019 with completion in 2020.
The Berth 3 project will be a catalyst for significantly more investment by PAC and the MPA at Seagirt. PAC is spending US$3M this year converting the terminal operating system to Navis N4 (from SPARCS), and has plans to add four more STS cranes and additional RTGs over 2018-2020.
WORLD SHIPPING