Intermodal Private Port Terminal on JLL's Books

MarineLink.com
Monday, August 26, 2013
Shipyard Creek area: Image courtesy of JLL

Jones Lang LaSalle is to market Macalloy Port Terminal in Charleston, SC for private investors and operators.

The privately-owned, 115-acre Macalloy Intermodal Terminal in North Charleston is being developed to complement South Carolina’s port system, including the adjacent future Navy Base terminal currently being developed and operated by the SCSPA.  Macalloy Terminal offers bulk material maritime solutions and is designed for mixed-use purposes, including break-bulk, RO/RO, manufacturing, general cargo and raw material handling.

“The Macalloy terminal represents an extraordinary opportunity for leading maritime interests to become vested in the next generation of U.S. port infrastructure,” said Rich Thompson, Managing Director and Head of JLL’s Port, Airport and Global Infrastructure (PAGI) group. “As well as supporting the state’s existing terminal system, it will provide additional rail/intermodal solutions that benefit shipping interests in the Charleston Harbor.”

Macalloy is located in the industrial hub of North Charleston, S.C. on Shipyard Creek, an optimal maritime location less than two miles from the sea buoy. The site boasts direct access to both rail and roadway arteries and has direct access to international shipping lanes.

“Macalloy as well as other terminals will help restore Charleston’s historic position as a dominant maritime destination by taking advantage of its natural deep water, open ocean access, dual rail connection and reputation for service excellence,” said JLL’s Steve Grable, who is leading the marketing efforts on behalf of the terminal’s owner, Shipyard Creek Associates LLC.

“The tidal lift in Charleston is between five and six feet, which ensures the larger post-panamax vessels can already access the Port of Charleston, making it a key resource for both domestic and international industrial ships,” Grable continued. “This alone will help preserve Charleston’s competitive position in the wake of the Panama Canal expansion.”

JLL is serving as development and investment advisor to the owners of Shipyard Creek Ocean Terminals, which includes Macalloy. JLL is working with world leaders in infrastructure investment, terminal operations and marine development to evaluate opportunities regarding operating or investing in the Macalloy terminal. The development is scheduled to be completed in 2014.
 

Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Madsen to Chair Norway’s Research Council Executive Board

Henrik O. Madsen appointed chairman of the executive board of the Research Council of Norway   DNV GL president and CEO Henrik O. Madsen was appointed as chairman

Port of Houston Expecting Record Year

The Port of Houston Authority is expecting 2014 to close as a banner year for the port, with 34 million tons of cargo handled through November, Executive Director

Hapag-Lloyd Completes CSAV Merger Capital Increase

Hapag-Lloyd completed the planned capital increase of EUR 370 million (approximately $452.5 million) as part of the business combination with the Chilean shipping

Contracts

Wärtsilä to Begin Building LNG Terminal in January

Wärtsilä has been given full notice to proceed (NTP) from Manga LNG Oy for the supply of a liquefied natural gas (LNG) import terminal in Tornio, Northern Finland.

Polarcus Awarded 3D Project Off West Africa

Polarcus Limited has signed a letter of intent with Perenco Oil & Gas Gabon S.A. for a 3D marine seismic acquisition project offshore West Africa.   The project,

Boskalis, VolkerWessels Win Offshore Wind Farm Work

Royal Boskalis Westminster N.V., in partnership with Volker Stevin International (VolkerWessels), has been awarded a contract by Iberdrola Renewables Offshore Deutschland

Ports

Port Workers in Argentine Grain Hub End Strike

Port workers in part of the Argentine grains hub of Rosario lifted a work stoppage on Friday, only a day after they went on strike over demands for higher year-end bonuses, a union official said.

Port of Houston Expecting Record Year

The Port of Houston Authority is expecting 2014 to close as a banner year for the port, with 34 million tons of cargo handled through November, Executive Director

Costa Rica Approves APM Terminals Project

Port operator APM Terminals, a unit of Denmark's A.P. Moller-Maersk, said on Friday Costa Rica's environment agency had approved the construction of its Moin Container Terminal project.

Finance

Larger Tankers May Offer Better Return Chances

Investors looking for returns in the tanker markets can invest their capital in a variety of ways. Should an owner invest in a VLCC or an Aframax? How about an

US Plans to Shut Royalty Loophole on Coal Exports

U.S. coal companies will no longer be able to settle royalties at low domestic prices when they make lucrative sales to Asia according to reforms proposed by the Interior Department on Friday.

Hapag-Lloyd Completes CSAV Merger Capital Increase

Hapag-Lloyd completed the planned capital increase of EUR 370 million (approximately $452.5 million) as part of the business combination with the Chilean shipping

 
 
Maritime Security Maritime Standards Navigation Offshore Oil Pod Propulsion Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2031 sec (5 req/sec)