The plan calls for $235 million in investment in the terminal, Jordan's only major seaport. The quay extension would double the current wharf length, with terminal operator APM Terminals receiving two super post-Panamax cranes in the first quarter of 2010. Additional units would be added as volume increases, the company said.
ACT saw container traffic grow 25 percent during the first three quarters of 2009, following a 42 percent increase in 2008, to roughly 600,000 TEUs.
“This expansion represents not only our commitment to the people and economy of Jordan, but to the entire Red Sea and Levant, as well as interior destinations such as Iraq,” said Klaus Holm Laursen, ACT’s chief executive.
The expansion will be completed in phases through 2013. Cargo demand is forecast to continue to grow in Jordan, with its access to redevelopment efforts in Iraq and an ongoing transition to containerization of the regional commodities trade in rice and sugar.
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