PhilaPort Buys Coveted Mustin Yard in Expansion Push
The Port of Philadelphia - PhilaPort has acquired the Mustin Yard from Norfolk Southern Corporation, deemed as one of the critical assets for the port’s future growth.Located adjacent to PhilaPort’s SouthPort Marine Terminal, the 152-acre Mustin Yard represents the last available land at the nexus of deep water, rail, and highway access.The acquisition of Mustin Yard, which was originally part of the former Philadelphia Navy Yard, will allow PhilaPort to significantly expand its cargo handling capacity…
Two Finalist Proposals for New Port of Philadelphia Terminal
Less than three months after seeking proposals from interested parties to design, operate and maintain a major new marine terminal in South Philadelphia, Governor Edward G. Rendell announced on July 23 the shortlist of teams that will continue in the solicitation process developing a public-private partnership that is expected to bring millions of dollars of investment to the region. One of the teams selected was a consortium comprising Delaware River Stevedores (DRS) and Hyundai Merchant Marine America (HMMA). DRS is a joint venture between Carrix Inc., and Ports America Group, the two largest independent terminal operating companies in the United States. DRS has vast stevedoring experience at several major U.S. ports, including the Port of Philadelphia.
Rendell Announces Investment in Southport
Governor Edward G. Rendell announced the investment of up to $25 million dollars in commonwealth capital funds to advance the Southport Marine Terminal project at the Port of Philadelphia. The investment will fund pre-construction activities critical to the project's success. Teams qualified to bid for the right to develop and operate the Southport terminal were notified earlier today that the competitive bid process has been temporarily suspended to allow capital and financial market conditions to improve. Initial development proposals from qualified teams, received on May 15 after a months-long competitive process, reflected the detrimental impact of the global recession and international credit crisis on the shipping lines…
Crowley Relocates Within Port Everglades
Crowley Liner Services, the first tenant in Port Everglades developing Southport Container Complex and the largest container volume producer, has agreed to reconfigure its leasehold, a move that is strategically beneficial for both Crowley and Port Everglades. The Broward County Board of County Commissioners has approved a recommendation by the Port Everglades Department to relocate a portion of the current leasehold to the south of Crowley’s current terminal. This action makes a prime parcel of dockside land available for leasing to container businesses through a competitive bidding process already underway. The Port received six responses to its Request for Letters of Interest for a new Southport Marine Terminal Operator.
MSC to Lease New Marine Terminal at Port Everglades
An appointed selection committee unanimously chose Mediterranean Shipping Company S.A. (MSC) to negotiate a lease and operating agreement for a 36-acre dockside container terminal at Broward County’s Port Everglades. Final approval is subject to consent from the Broward County Board of County Commissioners, the governing authority for Port Everglades. This terminal is expected to generate approximately one-million tons of cargo annually with two weekly services at Port Everglades, according to MSC officials. MSC, of Geneva, Switzerland is a privately owned shipping line, founded in 1970. The company has grown rapidly to become one of the leading global shipping lines.
