APM Terminals’ Poti unit has signed a memorandum of understanding (MoU) with the Poti New Terminals Consortium to construct a new bulk cargo terminal in Georgia, US, with an investment of roughly $100m.
The proposed terminal will be designed to process 1.5 million tonnes of dry bulk cargo a year.
It will be built on land owned by APM Terminals Poti and is expected to create new trade opportunities for customers within the Georgian transit corridor.
The initiative will include the construction and operation of a new breakwater, dry bulk cargo terminal and related infrastructure for use by bulk cargo customers visiting Poti port.
Personnel from Poti New Terminals will be responsible for the design, development and management of the dry bulk cargo terminal in accordance with existing port standards.
The Black Sea gateway port, APM Terminals Poti, primarily serves the logistics industry in the Caucasus and Central Asia markets.
In addition, the Alabama State Port Authority’s (ASPA) boards of directors and APM Terminals approved the $49.5m expansion of the container facility at the Port of Mobile in Alabama, US, last month.
The phase three expansion will be carried out in collaboration with ASPA.
It is expected to see the extension of a dock, as well as the addition of 20 acres of improved yard space to maintain excess capacity and accommodate new business opportunities.
The expansion is set to allow APM Terminals to accommodate an annual throughput capacity of 650,000 twenty-foot equivalent units (TEU) at the port once completed.