Port of Wilmington to see $17 million in improvements
By Alex Vuocolo
GT USA Wilmington, a subsidiary of Gulftainer, has announced that the Port of Wilmington is getting $17 million in improvements over the next two years. The upgrades include a rehabbed shipping berth, dock and crane rail extensions and additional warehouse space.
In the past, the lack of space has hampered business, according to a port official.
“We’ve had to turn away business because we didn’t have sufficient space for cargo,” said John Haroldson, director of marketing for GT USA Wilmington. “This changes the dynamic.”
GT USA Wilmington is required to invest a minimum of $100 million into the Port of Wilmington, per a 50-year concession agreement signed with the State of Delaware. This first round kicks off a multi-year process to modernize and expand the port.
The warehouse improvements include increasing capacity for “palletized cargo” and upgrading the roof for safety and security.
Gulftainer, the largest privately-owned independent port operator in the world, took over operations at the port October 3. Haroldson said to anticipate more announcements in the future.
“The new operator is very keen on publicity and keeping the public aware of what’s going on, because it’s such a significant investment,” he said.