Gulftainer invests AED 62-million in Port of Wilmington
GT USA, the US division of the global logistics company Gulftainer, has begun work on the initial set of major improvements at the Port of Wilmington at a cost of US $17-million (AED 62-million).
The port operator is on track to complete warehouse improvements and the dock and crane rail extension on schedule in the coming months, said chief executive officer, Eric Casey.
The extension of warehouse storage will increase racking for palletized cargo and upgrades to the roof will improve safety and security.
“In the coming months, we’ll commence work to upgrade the cargo throughput capability from 350,000 TEUs to 600,000 TEUs and add capacity for roll-on roll-off cargo,” said Casey.
Casey was appointed CEO of GT USA Wilmington in October. He was vice president of Virginia International Terminals and an executive at Maersk Line previously.
Casey spent 26 years with the U.S. Marine Corps, including roles in Special Operations, a National-Level Special Mission Unit and tours in Force Reconnaissance.
GT USA Wilmington, a subsidiary of Gulftainer, the world’s largest privately-owned independent port operator and logistics company, signed a 50-year concession agreement in September 2018 to operate and expand the Port of Wilmington, Delaware, which has served shipping lines and customers since 1923.
As part of the concession agreement to expand the Port of Wilmington, Delaware, Gulftainer will invest significantly in the port and on a new container facility at DuPont’s former Edgemoor site.
GT USA Wilmington also will establish a training facility at the development site specifically for the ports and logistics industries that is expected to train up to 1,000 people a year.