PHILADELPHIA REGIONAL PORT AUTHORITY PRESS RELEASE
In November 2016, Pennsylvania Governor Tom Wolf announced a $300 million Port Development Plan which will more than double the container volumes moving through Philadelphia. “This new service validates what we have known for a long time. Philadelphia is a more efficient supply chain option for major beneficial cargo owners (BCOs)”, said Jerry Sweeney, PRPA’s Chairman.
Ports of call for the AL1 will be: Philadelphia, New York, Halifax, Bremerhaven, Antwerp, London Gateway and Norfolk.
“Every Wednesday Philadelphia area shippers can now depend on competitive weekly service to/from North Europe”, said Thomas Holt Jr., President of Astro Holdings, Inc. (the lessee of PAMT). “It’s great to have a carrier like Hapag-Lloyd and the partners calling the Port of Philadelphia again from Europe.” The last time Hapag-Lloyd called the Port of Philadelphia with a European service was the late 1980s. “It’s important to note that Hapag-Lloyd and Yang Ming are current customers of the PAMT from other trade lanes. This new string will solidify them as main stay customers in the port and bring new carriers into the community.”
Ocean carriers form alliances to reduce costs, mostly by sharing vessels. Recent industry consolidations have resulted in several new alliances and THE Alliance is one of the most important. “As THE Alliance partners work in the Port of Philadelphia and see our efficiencies, we are optimistic they will want to introduce new additional services here”, said Miriam Borja-Fisher, President of the World Trade Association of Philadelphia.
World Trade Center of Greater Philadelphia News
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