APMT Mobile signs $104 million deal to expand terminal
APM Terminals Mobile (APMT Mobile) will add 32 acres to its current terminal to expand throughput capacity up to one million TEU and accommodate 14,000 TEU ships.
The deal has been signed in agreement with the Alabama State Port Authority (ASPA) and represents the third expansion in the last six years – as importers expand their volumes to meet regional consumer demand and tap into rail service to the Midwest US market.
The $104 million terminal expansion project will begin later this year.
The first 19 acres are expected to be completed in 2023 and the remaining 13 acres by early 2025.
As part of the expansion, APMT will purchase two super post-panamax ship-to-shore gantry cranes and related support equipment for crane operations which will complement the current four gantries.
The news follows March’s announcement of further investments going into the Port of Mobile.
Under the package, the Mobile area will receive a total of $1.146 billion in funding, with $132.7 million going towards the port for improvements.
“Supply chain leaders are looking to expand their routing options in 2022 to add more flexibility and fulfilment speed to serve consumer demand,” commented Brian Harold, Managing Director of APMT Mobile.
“We’re working with customers to deliver high port productivity, more port space and more inland logistics connectivity to address the market demand.”
Earlier this month, the ASPA released its April 2022 results for container volumes through the Port of Mobile – posting a 39.7 per cent increase year-on-year.