• ITVI.USA
    16,240.330
    -110.510
    -0.7%
  • OTLT.USA
    2.762
    0.031
    1.1%
  • OTRI.USA
    21.780
    0.120
    0.6%
  • OTVI.USA
    16,233.310
    -109.890
    -0.7%
  • TSTOPVRPM.ATLPHL
    3.520
    0.380
    12.1%
  • TSTOPVRPM.CHIATL
    2.960
    -0.660
    -18.2%
  • TSTOPVRPM.DALLAX
    1.610
    0.250
    18.4%
  • TSTOPVRPM.LAXDAL
    3.340
    -0.130
    -3.7%
  • TSTOPVRPM.PHLCHI
    2.100
    -0.250
    -10.6%
  • TSTOPVRPM.LAXSEA
    3.860
    -0.220
    -5.4%
  • WAIT.USA
    126.000
    -2.000
    -1.6%
  • ITVI.USA
    16,240.330
    -110.510
    -0.7%
  • OTLT.USA
    2.762
    0.031
    1.1%
  • OTRI.USA
    21.780
    0.120
    0.6%
  • OTVI.USA
    16,233.310
    -109.890
    -0.7%
  • TSTOPVRPM.ATLPHL
    3.520
    0.380
    12.1%
  • TSTOPVRPM.CHIATL
    2.960
    -0.660
    -18.2%
  • TSTOPVRPM.DALLAX
    1.610
    0.250
    18.4%
  • TSTOPVRPM.LAXDAL
    3.340
    -0.130
    -3.7%
  • TSTOPVRPM.PHLCHI
    2.100
    -0.250
    -10.6%
  • TSTOPVRPM.LAXSEA
    3.860
    -0.220
    -5.4%
  • WAIT.USA
    126.000
    -2.000
    -1.6%
American Shipper

Gulftainer subsidiary begins operating in Wilmington

As part of a 50-year concession agreement, GT USA will invest $600 million in the port.

   GT USA Wilmington became the new operators of the Port of Wilmington deep-water port and marine terminal Wednesday.
   The subsidiary of Gulftainer, the world’s largest privately owned independent port operator and logistics company based in the United Arab Emirates, signed a 50-year concession agreement on Sept. 18 to operate and expand the port.
   “This is an exciting moment for the partnership GT USA has forged with the state of Delaware, the local community and port employees to work together to transform the Port of Wilmington into the principal gateway of the Eastern Seaboard,” said Peter Richards, Group CEO of Gulftainer.   
   Plans for the port include development of all cargo terminal capabilities and enhancement of its overall productivity. GT USA Wilmington also will establish a training facility at the development site specifically for the ports and logistics industries that is expected to train up to 1,000 people a year.
   As part of the concession agreement, Gulftainer will invest $600 million in the port, including $400 million on a new 1.2 million-TEU (container facility at DuPont’s former Edgemoor site, which was acquired by the Diamond State Port Corp. in 2016.

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