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APM Reportedly Set To Open New Hampton Roads Container Terminal |
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Friday, 13 July 2007 07:43 |
According to PortWorld, APM Terminals is ready to begin operations at the Port of Hampton Roads in Virginia. The new terminal has been under construction for the last three years and reportedly cost about $450 million. The new terminal is expected to compete with Halifax for container service and will add terminal capacity at a critical time.
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APM, which already runs a terminal at Hampton Roads, will turn that
over to the Virginia Port Authority when operations at the new terminal
begin. Hampton Roads is the third-busiest terminal on the East Coast
and handled more than 2 million TEUs in 2006. That figure matches the
capacity of the new terminal, effectively doubling the
container-handling capacity at Hampton Roads. The new terminal is
classified as a deep-water port and is expected to accommodate the
world's largest vessels.
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