PNCT Development Program Involves Dredging

Image source: Ports America

Port Newark Container Terminal LLC (PNCT) has secured $298 million in bond proceeds that will be used to refinance existing debt and finance its future terminal development project.

The project will expand the terminal footprint by 17 percent to 309 acres and increase the terminal capacity to 1.3 million container lifts (2.3 million twenty-foot equivalent units or “TEU”).

This capital development program includes the expansion and improvement of the terminal yard and construction of a new gate facility, as well as upgrading, deepening and expanding berths.

“Additionally, PNCT has ordered four new gantry cranes capable of servicing ultra-large container vessels and will continue with the expansion of its straddle carrier fleet,” the company said in their release.

The terminal development project is expected to be completed by 2019.

Share this article

Follow Dredging Today

Events>

<< Jun 2018 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

Offshore Energy Exhibition & Conference 2018

Offshore Energy Exhibition & Conference (OEEC) is Europe’s leading offshore energy event. It is unique in bringing together the oil & gas…

read more >

SEMINAR ON DREDGING AND RECLAMATION (THE NETHERLANDS)

This five-day course strives to provide an understanding through lectures by experts in the field and workshops, partly conducted on-site…

read more >

WEDA’s Dredging Summit & Expo ’18

The Dredging Summit & Expo ’18 is a technical conference organized by the Western Dredging Association (WEDA)…

read more >

34th Annual International Conference on Soils, Sediments, Water, and Energy

The conference promises to be an exciting opportunity for all those concerned with the challenge of developing creative, cost-effective…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Dredging jobs in Abu Dhabi at NMDC

National Marine Dredging Company “NMDC” aims to be the largest dredging player in the Arab’s Gulf region...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below....

apply