Vessels in port
Gulftainer Signs 50-Year Concession for Port of Wilmington
UAE-based port operator Gulftainer has signed a 50-year concession deal with the state of Delaware to operate and develop the Port of Wilmington. Under the agreement, which was signed by Gulftainer’s subsidiary GT USA, the company would invest will see an expected investment of up to USD 600 million in the port to upgrade and expand the terminal and to turn it into one of the largest facilities of its kind on the Eastern Seaboard. The investment includes USD 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 Corporation in 2016. Plans for the port also include development of all cargo terminal capabilities at the facility and enhancement of its overall productivity.
Port of Wilmington, N.C. Still Shut Down Due to Florence’s Flooding
(Bloomberg) — The Port of Wilmington in North Carolina remains shut in the aftermath of Hurricane Florence, freezing shipments of everything from fertilizer to textiles. Florence dropped as much as 40 inches (102 centimeters) of rain in some places as it passed over Wilmington on its way through North and South Carolina. Several major surrounding highways were flooded, limiting access to the coastal city and the port. The port said Tuesday that it plans to start receiving vessels at the end of the week and resume truck operations on Sept. 24.
Kinder Morgan reopens South Carolina Fuel Terminals after Florence
Kinder Morgan Inc reopened fuel terminals in South Carolina on Sunday after Tropical Storm Florence passed through the area, a spokeswoman said in a statement. “Kinder Morgan’s recovery and start up efforts have begun,” said spokeswoman Katherine Hill. The company is working with authorities to re-enter its facilities in Wilmington, North Carolina, on Monday. Additionally, construction activities at the Elba Island liquefied natural gas terminal are expected to resume on Monday, she said. Source: ReutersUpload News