Business and Finance

Liverpool2 Port Announces Crane Agreement

Peel Ports Group has awarded a multi-million pound contract to Shanghai-based Zhenhua Heavy Industries Co. (ZPMC) to supply mega-container cranes for its new Liverpool2 development.

ZPMC will initially supply five ship-toshore (STS) megamax quay cranes and 12 cantilever rail-mounted gantry cranes (CRMGs) for phase one of the contract and a further three STS cranes and 10 CMRGs in phase two.

The £300 million investment program by Peel Ports to expand and develop the existing Port of Liverpool will make Liverpool2 the U.K.’s largest transatlantic deep-sea port and container terminal. Once completed in late 2015 it will be able to accommodate most of the world’s fleet of container vessel types and will offer shipping lines to connect ships of up to 13500 TEUs (twenty-foot equivalent units) directly to the heart of the U.K.