Doric Warrior, a 93,115-dwt bulk carrier, delivered steel slabs from Tuapse, Russia on the Black Sea to the new Paulsboro Marine Terminal, which was developed by the South Jersey Marine Terminal and operated by Holt Logistics Corp.
The steel slabs will be transported by Norfolk Southern to rolling mills operated by NMLK USA in Farrell, Penn. and Portage, Ind.
N.J. Senate President Steve Sweeney said, “This is the first modern port to be built along the Delaware River in more than 50 years.” It will be a “game changer for our region,” he added.
NMLK is initially expecting a vessel to deliver slabs for its mills on a fortnightly basis, and on a weekly basis in 2018.
The 190-acre terminal was built on a former BP tank farm.
Development was funded through $175 million in South Jersey Port Corporation bonds.
Holt Logistics has initially invested in excess of $12 million at the terminal, including cranes, rolling stock and other capital equipment.
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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.
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