Business and Finance

Post-Panamax Cranes Prepare Port Newark Terminal

The Port Newark Container Terminal (PNCT) added three post-Panamax ship-toshore cranes to the terminal. These cranes can accommodate larger vessels and improve the terminal’s capacity. Located on the Newark Bay PNCT maintains 19 percent of the market share in the Port of New York and New Jersey.

In April PNCT President James Pelliccio said “PNCT has acquired three new ZMPC super-post-Panamax cranes which are scheduled to arrive in early May with commissioning completed by late August/early September.”

The container terminal is also deepening berths developing additional acreage and upgrading equipment and queuing areas.

As one of the largest infrastructure projects in New Jersey PNCT is investing more than $500M in its expansion before the year 2030.  The Port Authority of New York and New Jersey will invest up to an additional $100M in improvements to the PNCT facility.