SM Terminals' florida International Terminal (FIT) will invest US$25 million over the next two years in Port Everglades under a renewed lease agreement, reports UK's Seatrade Maritime News.
The Broward County Commissioners and the local Port Authority have authorized FIT to continue its operations at the port until 2035.
FIT CEO Justin Weir noted that the investment will enhance the terminal's capabilities, support economic growth, and provide additional job opportunities for its International Longshoremen's Association (ILA) Union workforce.
FIT transferred 296,000 TEU and 2.5 million tonnes of cargo last year.
Port Everglades acting director Glenn Wiltshire praised FIT's role in improving the port's operational efficiency and looked forward to continued collaboration.
FIT is one of ten ports operated by SM Terminals in the Americas. It serves the North-South trade lanes from Central America, South America, and the Caribbean to the US.
SeaNews Turkey
The Broward County Commissioners and the local Port Authority have authorized FIT to continue its operations at the port until 2035.
FIT CEO Justin Weir noted that the investment will enhance the terminal's capabilities, support economic growth, and provide additional job opportunities for its International Longshoremen's Association (ILA) Union workforce.
FIT transferred 296,000 TEU and 2.5 million tonnes of cargo last year.
Port Everglades acting director Glenn Wiltshire praised FIT's role in improving the port's operational efficiency and looked forward to continued collaboration.
FIT is one of ten ports operated by SM Terminals in the Americas. It serves the North-South trade lanes from Central America, South America, and the Caribbean to the US.
SeaNews Turkey
