The Hapag-Lloyd vessel Glasgow Express sits at Port Saint John. (Image submitted)
It is being described as one of the largest investments ever made by a terminal operator in New Brunswick.
DP World has announced a “historic” technology and asset investment in its container terminal at Port Saint John.
The investment includes the purchase of two additional quay cranes which are scheduled to arrive on site later this year.
In a news release, DP World said the additional cranes will allow two container vessels to be handled simultaneously. The cranes, the release said, will allow the terminal to handle ships of up to about 10,000 twenty-foot-equivalent (TEUs).
Once commissioned, the terminal will have a total of four quay cranes.
Terrence White, general manager of DP World Saint John, declined to say how much they are investing in the enhancements.
“The equipment listed along with the technology that will be integrated into DP World Saint John is substantial – quay cranes are some of the most significant terminal assets that can be purchased,” White said in a statement.
Other upgrades include additional reach stackers, more internal transfer vehicles and container trailers, an upgraded terminal operating system, a new truck gate system, and enterprise-wide financial management systems.
Maksim Mihic, CEO & General Manager of DP World (Canada) Inc., said this investment is about building the right trade ecosystem to make Port Saint John the “logistics hub for the east coast.”
“By creating additional capacity, we provide more options for Canadian exporters to reach global markets leading to sustainable economic growth for the region,” Mihic said in a news release.
The investment comes as Port Saint John undergoes a $205-million modernization project to increase its capacity to 300,000 TEUs. An additional $38 million from the federal and provincial governments, announced last month, will allow the port to grow its capacity to 800,000 TEUs.
Nearly 87,000 TEUs (twenty-foot equivalent units) came through the port last year, and CEO Craig Estabrooks has said he expects that number to surpass 200,000 TEUs by the end of 2023.
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