MSC, which last year moved about 360,000 containers through the port, will become PNCT’s largest customer, and bring it up to about 85 percent of its 800,000 container capacity. It also replaces volumes lost when CMA CGM, which is increasingly involved in an alliance with Maersk Line, moved business earlier this year from PNCT to the APM Terminal in Port Elizabeth.
Ports America and MSC affiliate Terminal Investments Inc. recently won a deal to jointly develop a terminal in Oakland, Calif. That has sparked rumors that there might be some investment by MSC in PNCT, but both companies said this was not true; that MSC has only hired PNCT as its stevedore in Newark.
Meanwhile, MSC will also start offering service between the Port of Philadelphia and North Europe next month. Alan Clifford, executive vice president of MSC, said the Philadelphia call is not expected to draw cargo away from the Port of New York and New Jersey, but to add incremental business by making MSC more competitive in competing for cargo in Pennsylvania and elsewhere in the Delaware Valley. ' Chris Dupin
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now