Ports America has extended its operating at agreement at Tampa for both container and break bulk operations.
Ports America, currently the operator of Florida’s Port Tampa Bay Container Terminal, has signed an amended agreement to extend its operating rights to May 2046. The parties have also signed a new breakbulk concession, valid for five years with two one-year extension options.
The deal was announced against the backdrop of Highstar Capital currently trying to find a buyer for its majority stake in Ports America, and it certainly adds some long-term value to Ports America's asset base.
Ports America Stevedoring President Tom Perdue stressed the company's great working relationship with the port as he signed the agreements with Port Tampa Bay CEO Paul Anderson. "For the past 10 years, Ports America and Port Tampa Bay have enjoyed a
committed, productive partnership and look forward to increasing containerized imports from vessels arriving through the newly expanded Panama Canal as well as trans-Atlantic cargo shipments," Perdue said. “This important extended contract will bring value-added services to the local economy and the region."
The parties recently jointly purchased two new ZPMC post-Panamax gantry cranes for Tampa. They have a SWL of 65 tons, a 21-row outreach, and bring the number of cranes at the terminal to five.
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