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Business View – August 2022 /Business News
APM Terminals and the Alabama Port Authority have signed an agreement to add 32 acres to the current 134-acre container terminal yard to keep pace with future demand. The expansion will bring the facility’s annual throughput capacity to one million Twenty-foot Equivalent Units (TEUs) and will allow the terminal to handle cargo containers from larger ships (14,000 TEU ships).
The announcement includes plans for an expansion of the terminal yard adding approximately 80 new jobs with an average annual salary of $143,000. The expansion also includes adding two new super post-Panamax ship-to-shore cranes (handling vessels of about 22 or more containers wide) and related support equipment to complement the current four cranes.
The $104 million terminal expansion will begin later this year. The first 19 acres are expected to be completed in 2024, and the remaining 13 acres by early 2025.
“APM Terminals is extremely excited by this next step,” said Brian Harold, managing director of APM Terminals Mobile. “This is our third expansion in six years, which underscores the high level of demand by the shipping community to utilize the Mobile gateway. We have high growth aspirations for our Mobile facility, and this next infrastructure improvement will help ensure that we meet those expectations in full.”
“We have a great partner in APM Terminals and incredible community support to further world-class infrastructure for our carriers and shippers,” said John C. Driscoll, director and chief executive officer of the Alabama Port Authority. “This added capacity will allow our port to keep pace with demand and maintain fluidity and service for our customers.”
According to APM Terminals, container volumes through the port in April 2022 showed a 39.7 percent increase over April 2021 volumes. The port’s intermodal container transfer facility posted 112.6 percent growth during the same period. Refrigerated cargo also maintained its double-digit growth, posting a 57.9 percent gain over the same period.
“This is great news for the future of economic development in our region,” said Mobile Chamber Vice President of Economic Development David Rodgers. “Additional capacity at the port makes Mobile even more attractive to site selectors considering our area for future growth.”
Click here to read the Business View – August 2022
Additional information is on the Mobile Area Chamber of Commerce’s website at mobilechamber.com, on Facebook at @MobileChamber, Instagram at @mobile-area-chamber and Twitter at @MobileChamber.