GCT Vanterm: New Investment to Boost Container Handling Capacity
- Business & Finance
Canadian terminal operator GCT Global Container Terminals has unveiled a CAD 160 million (USD 119 million) investment in GCT Vanterm that would increase the facility’s container handling capacity.
The upgrade would also allow the container terminal to handle larger containerships within its existing footprint while significantly reducing greenhouse gas emissions at the terminal.
Specifically, the facility will receive two new ship-to-shore cranes to service larger 14,000 TEU ships.
As explained, the aim is to improve efficiency and cut emissions by upgrading lower tiered container handling equipment Tier 4x machinery and potentially adding shore power.
According to the terminal operator, densified stacking and improved equipment availability are expected to add 215,000 TEUs of new capacity.
“GCT Global Container Terminals Inc. will continue to make private sector investments to ensure that Vancouver remains the port of choice and continues to be a competitive jurisdiction for transpacific trade,” Doron Grosman, President and Chief Executive Officer of GCT Global Container Terminals Inc, commented.
Strategically located in the inner harbor, the 31-hectare GCT Vanterm is said to be amongst the most productive terminals in North America.
Based in Vancouver, BC, GCT Global Container Terminals operates four Green Marine certified terminals in two principal North American ports. On the West Coast, GCT Canada operates two gateway terminals — GCT Vanterm and GCT Deltaport in Vancouver and Delta, BC.