05MAR2019 - NEWS - Seattle based terminal operator SSA Marine signs 25 year container terminal deal at Jaxport

The Jacksonville Port Authority Board has recently approved a 25-year agreement with Seattle based terminal operator SSA Marine to create a $238.7m international container terminal at Blount Island. The terminal, named SSA Jacksonville International Gateway Terminal, will be an expansion of SSA’s current agreement on Blount Island. The deal expands SSA Marine’s existing 50-acre footprint at Blount Island to 80 acres, with the potential to grow to 120 acres in the future. The agreement is for 25 years with two five-year renewal options and includes a number of improvements to the Blount Island terminal. SSA Marine will contribute up to $129.7m for the use of the terminal and facility upgrades, including the addition of three new container cranes. Jaxport will invest $109m in berth rehabilitation and upgrades which are already underway and will allow the terminal to simultaneously accommodate two post-panamax vessels.

Published by Editor - www.Livebunkers.com at 05-Mar-2019 06:30:34 [UTC] , contact editor at editor@livebunkers.com