Ports America is the leading container terminal operator in the United States, handling approximately 12 million TEU annually at its various facilities nationwide. The company currently has a network of 35 container terminals in 22 U.S. ports, and holds approximately one third of the container market share in North America.
Ports America container terminal operations are located near major consuming populations centers in their respective regions. Strategic markets include Los Angeles/Long Beach, New York/New Jersey, Norfolk, Baltimore, Miami, New Orleans, Tacoma and Houston.
Ports America has a significant, on-going investment program. Ports America Chesapeake entered into a public-private partnership with the Port of Baltimore in 2010, involving a $105.5 million development. Seagirt Marine Terminal completed a new 365m Berth IV facility with a draft of 15.25 meters, designed to handle 14,000-TEU vessels and has four super-post-Panamax ZPMC gantry cranes. Port Newark Container Terminal (PNCT) secured a long-term extension of its lease agreement with the Port Authority of New York/New Jersey (PANYNJ) in 2011 and will invest $500 million in a phased expansion through 2030, including a 32-acre expansion.
The company has other U.S.-based joint ventures with leading container carriers for stevedore and terminal operating services. Internationally, Ports America recently invested in Yang Ming Marine Transport Corp.’s Kao Ming Container Terminal (KMCT) in Kaohsiung, Taiwan.