The Port Authority of New York and New Jersey (PANYNJ) and A.P. Moller – Maersk today announced they had reached a landmark 33-year lease extension for APM Terminals Elizabeth, the port’s second-largest container terminal.
This agreement includes major investments and capacity enhancements by APM Terminals at the container terminal, setting a new framework for container terminal agreements and further strengthening the East Coast’s busiest port to meet rising cargo demand.
APM Terminals lease...