GREENWICH TERMINALS TAKES OVER PHILADELPHIAÆS PACKER AVENUE TERMINAL
Greenwich Terminals LLC has taken over terminal operations and stevedoring services at the Port of Philadelphia's Packer Avenue Marine Terminal from Holt Cargo Systems Inc.
In addition, an affiliated company, Delaware Avenue Enterprises Inc. will operate the refrigerated warehouses located on the terminal, replacing the previous operator, Refrigerated Distribution Center Inc.
The Packer Avenue Marine Terminal will continue to be leased by the Philadelphia Regional Port Authority to Astro Holdings Inc.
'The new arrangement further separates the Packer Avenue Marine Terminal and its operations from the bankruptcy proceedings affecting Holt Cargo Systems Inc. and other Holt-related entities,' said James T. McDermott Jr., executive director of the port authority.
The terminal is a key U.S. East Coast entry point for refrigerated cargoes. The terminal has more than 3,800 feet of berth space, nine billion cubic feet of dry and refrigerated storage space, five container cranes and access to three Class I railroads. In additional two post-Panamax container cranes and additional refrigerated cargo capacity are being added to the terminal, with $18 million of funds dedicated to the projects.
Container lines serving the terminal include Hamburg Sud's Australian and South American services, P&O Nedlloyd's Australia/New Zealand service, Maersk Sealand's Oceania service and the South Africa and South America services of Lykes Lines. The terminal also specializes in handling steel products from Japan and other parts of the world.