Holt Logistics to operate new Paulsboro terminal
Holt Logistics Corp. will lease a new, $170-million marine terminal being developed on the Delaware River by the South Jersey Port Corporation in Paulsboro, N.J.
Kevin Castagnola, executive director and chief executive officer of the port corporation, has signed a term sheet with Holt and is now negotiating a lease.
Located at the former Paulsboro BP refinery, the facility will initially encompass 150 acres and has the ability to be expanded to 190 acres. An initial berth of 850 feet could be extended to 2,600 feet. Expected to open by January 2016, “The facility is really a blank canvas,” said Leo Holt, the president of Holt Logistics. Holt also operates the Packer Avenue Marine Terminal in Philadelphia, the region’s main container facility, and the Gloucester Marine Terminals, a massive complex for refrigerated cargo across the river in Gloucester City, and Pier 5 in Camden.
Paulsboro is about 15 miles downriver from Packer Avenue and will be
able to take advantage of the new 45-foot channel being dredged in the
“Any sort of cargo could go there,” said Holt of the new Paulsboro terminal, including breakbulk and container cargo. “It will be hard to pigeonhole, and I think that is a positive thing.”
Holt said the Paulsboro terminal has room for 20,000 feet of rail and connects to a Conrail mainline, though Holt said there would be improved clearances if doublestack trains were to come to the terminal.
It was also announced on Monday that Holt will relinquish a portion of the Pier 5 port facility at the Broadway Marine
Terminal in Camden as part of the deal with the SJPC. An unrelated company, Holtec, is planning to build components for nuclear power plants in Camden, including dry cask storage systems for nuclear waste from power plants.
Holt said shipments of those casks to locations around the world could generate heavylift cargo that Holt might be able to handle at Pier 5.
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