The Maritime Stakeholders Group (MSG) of Philadelphia yesterday presented proposals to Pennsylvania state legislators for a major port development on the site of the current port of Philadelphia.
The MSG represents a cross-section of organizations involved in promoting the development of the US port of Philadelphia.
The group told legislators that major terminal operators, shipping lines and investment firms had expressed interest in the new port development plan.
The project aims to turn Philadelphia port into a major East Coast container facility, capable of handling over 3.5 million twenty-foot equivalent units (TEUs) per year.
“With the congestion at West Coast ports, the ship size restrictions of the Panama Canal and the growing importance of the Suez Canal, because of its ability to accommodate the giant ships coming on line, Philadelphia has the potential of being a major player in globalization,” said Uwe Schulz, president of the Ports of the Delaware River Marine Trade Association (PMTA) which represents waterfront employers.