Jacksonville approves deal with APM Terminals
The directors of Jacksonville Port Authority have approved a 25-year lease with APM Terminals, the Maersk-A.P. Moller affiliate.
APM and its predecessor, Sea-Land Service, has provided stevedoring services at Jacksonville since 1960.
“At APM Terminals, we are very pleased that a new long-term agreement has been reached, because we see Jacksonville as a growing and important location for the port infrastructure of the South Atlantic region,” said Tony Scioscia, president of APM Terminals North America, “We are looking forward to expanding the business in and out of Jacksonville’s port.”
The new agreement will keep APM Terminals in Jacksonville at least through 2031, with an additional five-year mutual option that could extend the agreement to 2036. The new lease calls for APM Terminals to operate from a 60-acre facility at Blount Island Marine Terminal.
In 2005, APM Terminals handled 1.4 million tons of cargo at Blount Island, the most of any single JAXPORT tenant.
APM is a container terminal owner and operator with more than 40 terminals worldwide serving about 60 shipping lines.