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December 06, 2017

Port of Philadelphia buys two new super post-Panamax container cranes

The Port of Philadelphia (PhilaPort) announced it has concluded the purchase agreement of two super post-Panamax container gantry cranes. The $23.5 million acquisition from Shanghai Zhenhua Heavy Industries Company Limited (ZPMC) of Shanghai, China is the second purchase of cranes by PhilaPort in the past year. This will bring the total number of new cranes purchased for Packer Avenue Marine Terminal (PAMT) in the past year to four.

The first two cranes (the Holt crane and one PhilaPort crane) will arrive in March 2018. Then, cranes #3 and #4 (both PhilaPort cranes) will arrive at PAMT in April 2019.

"The second set of cranes will mirror the two cranes arriving in the first quarter of 2018," said PhilaPort CEO Jeff Theobald. "These new cranes will be the largest and most modern, capable of unloading containers from the largest container ships in the world."

PhilaPort is on track to reach a record in total containers handled in one year.

"We are busier than ever before, and we will certainly be well over 500,000 TEUs," said Tom Holt, Jr., President of Astro Holdings, Inc. which operates PAMT for PhilaPort. "The new cranes can't arrive soon enough because they will help us reach our goal of handling one million TEUs per year."

Source: PhilaPort