In its continuing effort to grow the containerised cargo business at the Philadelphia-based Packer Avenue Marine Terminal (PAMT), Greenwich Terminals is investing an additional US$1m in new equipment designed to increase container capacity at the terminal.
Greenwich Terminals has purchased two new “reach stackers” – agile and mobile cranes with claw grips that can handle, move and stack shipping containers.
The new equipment will allow the terminal operator to continue to “densify” PAMT by permitting the safe storage of additional containers onsite, according to a press release from Holt Logistics, a transportation and logistics solutions provider.
The investment, which represents the latest in a series of US$50m cash injections at PAMT over the last 20 years, will improve operational efficiency and free up critically-needed dockside storage capacity to support the new cargo opportunities that continue to arrive at the terminal.
Densifying the terminal is an important step in maintaining the momentum for new cargo growth at PAMT and the Port of Philadelphia.
“We’re constantly upgrading the equipment at the Terminal to provide the best, fastest and most efficient service for our customers,” said Thomas J. Holt Jr., president of Astro Holdings, which leases PAMT under a long-term concession with the Philadelphia Regional Port Authority.
“We operate in a competitive field, and these investments are necessary to satisfy the needs of our current customers as well as those we hope to attract to Philadelphia in the future.”
The two Hyster YardMaster II reach stackers have the capability of safely stacking standard containers “five high,” providing dramatically improved storage capacity at PAMT.
“With all of the business that is interested in coming to Philadelphia, identifying available land for storage space is critical,” Mr Holt said.
“Land is at a premium here, and while we continue to look for opportunities to grow the Terminal’s footprint, we’re doing everything we can to make our operations more efficient by improving our stacking capability.”
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