New Marine Terminal for Delaware River

By George Backwell
Monday, July 14, 2014
Paulsboro in 1965: Photo Wiki CCL

Holt Logistics Corp. says it has entered into a partnership with the South Jersey Port Corporation (SJPC) for the construction of a new, state-of-the-art marine terminal in Paulsboro, New Jersey.

The announcement was made at a press conference attended by Governor Chris Christie, Senate President Stephen Sweeney, the Board and staff of the South Jersey Port Corporation, various Gloucester County executives and representatives of Holt Logistics at the future site of the facility, located at the former Paulsboro BP refinery on the banks of the Delaware River in Paulsboro, Gloucester County.

The planned 190-acre facility will be the first new multi-purpose marine terminal to be constructed on the Delaware River in over 30 years, and is estimated to create more than 850 permanent jobs when the new Paulsboro Marine Terminal is fully completed.

"The Delaware River really has become a rising tide that can create abundant opportunities for new cargo and business growth for the entire region," said Leo A. Holt, President of Holt Logistics. "Thanks to the leadership and vision of SJPC and Holt Logistics, the Paulsboro Marine Terminal will be a modern, multi-faceted facility that will greatly increase shipping capacity for a full range of commodities."

The Delaware River port complex stretching from Wilmington to Trenton is known worldwide for safe and efficient handling of steel, forest products, project cargo, rolling stock and containers.  World trade has rebounded and this region is one of the epicenters of a new phase of cargo opportunities for traditional and new commodities."

Holt Logistics explains that the redevelopment of the Paulsboro Marine Terminal is directly connected to the planned construction of the new Holtec International manufacturing facility in Camden.  As part of its agreement with the SJPC, Holt will relinquish an important portion of the Pier 5 port facility at the Broadway Marine Terminal in Camden in exchange for the opportunity to energize the operation at Paulsboro, which has been vacant since the original BP oil refinery was permanently shuttered.

SJPC anticipates completion of a $170 million redevelopment of the Paulsboro terminal by next year.  Holt will initially invest in excess of $10 million at the site, which represents the first phase of a private investment. As the facilities and surrounding industrial development areas reach their full potential, Holt anticipates larger investments into the port facility.

"Today's announcement is a prime example of what is possible when the public and private sector work together to benefit New Jersey citizens," said Governor Christie. "In conjunction with the expansion of Holtec at the Broadway Marine Terminal in Camden, these facilities represent a major step forward in implementing a long-term vision for the economic growth of the Delaware River and the South Jersey region, bringing enhanced economic opportunities and jobs for New Jersey families while improving quality of life for South Jersey residents."

The State of New Jersey issued several bonds totaling $170 million to fund land and infrastructure improvements to the Paulsboro site, which previously housed the BP refinery and had been closed for more than a decade while a plan to redevelop the site was formulated. 

The completed site will encompass 150 acres of waterfront land, with possible expansion to 190 acres, and 2,600 linear feet of berth on the Delaware River, all of which have been raised above the flood plain to resist operational shutdowns in the event of major storms.

Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

INTERSCHALT Expands Africa, Asia Service Networks

INTERSCHALT maritime systems AG, the provider of maritime software, services and supplier of Voyage Data Recorders (VDR 4G[e] and s-VDR) has expanded its network

Access to Brazil's Itajai Port to Open as Truck Protest Ends

Protesters have agreed to open access to Brazil's main poultry exporting port of Itajai in Santa Catarina state, the port said on Wednesday, ending a lingering

E-marine Begins Fleet Expansion

E-marine, a provider of submarine cable installation and repair solutions in the Middle East and Sub-Continent region, has unveiled plans to expand its fleet of cable ships in 2015,

Ports

Access to Brazil's Itajai Port to Open as Truck Protest Ends

Protesters have agreed to open access to Brazil's main poultry exporting port of Itajai in Santa Catarina state, the port said on Wednesday, ending a lingering

Rotterdam Port Receives Largest Box Ship

The MSC Oscar arrived on Tuesday (yesterday) at the APM1 terminal in Rotterdam. With a capacity of 19,224 TEU (20-foot containers), the 396 meters long and 59

UAE Shipping Delegation to Meet with Greek Counterparts

A delegation of Middle East maritime heavyweights including H.E. Khamis Juma Buamim, chairman & group CEO Drydocks World and Maritime World and Rashid Mohammed Al Habsi,

Finance

Access to Brazil's Itajai Port to Open as Truck Protest Ends

Protesters have agreed to open access to Brazil's main poultry exporting port of Itajai in Santa Catarina state, the port said on Wednesday, ending a lingering

Seadrill: Rig Rates Have Not Bottomed

The market for oil and gas drilling rigs continues to deteriorate as oil companies cut back on investments, Seadrill Chief Financial Officer Rune Magnus Lundetrae

Kvichak, Vigor Announce Merger

Merger positions combined company to play a dominant role in recapitalization of North Pacific fishing fleet and emerging Arctic oil gas operations. Kvichak

People in the News

Seadrill: Rig Rates Have Not Bottomed

The market for oil and gas drilling rigs continues to deteriorate as oil companies cut back on investments, Seadrill Chief Financial Officer Rune Magnus Lundetrae

Kvichak, Vigor Announce Merger

Merger positions combined company to play a dominant role in recapitalization of North Pacific fishing fleet and emerging Arctic oil gas operations. Kvichak

'Governments Must Act to Save Thousands of Migrants'

The humanitarian crisis in the Mediterranean Sea is spiralling out of control. EU Member States must act urgently to prevent the loss of thousands more lives,

Logistics

BG Group's Australian Project Helping to Double LNG Supplies

A smooth start to operations at BG Group's Australian project in Queensland is expected to help the British company to roughly double its liquefied natural gas (LNG) supplies in 2015/16,

Seadrill: Rig Rates Have Not Bottomed

The market for oil and gas drilling rigs continues to deteriorate as oil companies cut back on investments, Seadrill Chief Financial Officer Rune Magnus Lundetrae

UAE Shipping Delegation to Meet with Greek Counterparts

A delegation of Middle East maritime heavyweights including H.E. Khamis Juma Buamim, chairman & group CEO Drydocks World and Maritime World and Rashid Mohammed Al Habsi,

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Pipelines Pod Propulsion Port Authority Salvage Ship Repair Sonar
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: 0.0061 sec (163 req/sec)