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APM Terminals to invest in new berth at NY-NJ port


APM Terminals is to invest $70 million in a new berth at its Port Elizabeth terminal in New Jersey, which will be able handle the bigger container vessels transiting the enlarged Panama Canal. The Maersk Group's port operating unit will increase the annual capacity of the terminal, one of the largest in the New York-New Jersey port complex, from 1.5 million 20-foot-equivalent units to 2.3 million TEUs. more

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