SSA Marine Provides $28M for Jacksonville Deepening
The Jacksonville Port Authority (JAXPORT) and SSA Marine have reached a long-term agreement for the development and operation of international container terminal at JAXPORT’s Blount Island Marine Terminal.
The facility, SSA Jacksonville International Gateway Terminal, is an expansion of SSA Marine’s current leasehold at Blount Island and will offer deepwater berthing space to accommodate the larger container ships calling JAXPORT from Asia more fully loaded.
The container terminal will offer a vessel turning basin and deepwater access of 47 feet upon completion of the Jacksonville Harbor Deepening project, which is ahead of schedule and expected to be complete in 2023 based on continued funding from all partners.
SSA Marine will contribute $28 million for exclusive use of JAXPORT’s three 100-gauge cranes, with those funds going toward the cost of the deepening project.
“The significant investments SSA Marine has committed to this facility, accompanied by their unparalleled industry knowledge and experience, allows us to take full advantage of all of the opportunities the Jacksonville Harbor Deepening project creates for our port and our region,” said JAXPORT CEO Eric Green.
“The port’s strong leadership team and strategic location in the growing southeast U.S. market—combined with the efficiencies created by a deeper harbor— give us the tools we need to operate a world-class container terminal and further position Jacksonville as a gateway for global trade,” said SSA Conventional President Mark Knudsen.
The agreement is for 25 years with two five-year renewal options and includes a number of improvements to the Blount Island terminal.
SSA Marine will contribute up to $129.7 million for the use of the terminal and facility upgrades, including the addition of three new 100-gauge container cranes. JAXPORT will complete $109 million in berth rehabilitation and upgrades which are already underway and will allow the terminal to simultaneously accommodate two post-Panamax vessels.