PRSRT STD U.S. POSTAGE PAID WILMINGTON, DE PERMIT NO. 1635 THE MARITIME EXCHANGE 240 Cherry Street Philadelphia, PA 19106 BEACONFall 2018 ADDRESS SERVICE REQUESTED Volume 28, No.4 http://www.maritimedelriv.com w
[email protected] Deal signed for Wilmington port facilities Interview with of its 50-year concession agree- ment with DSPC. In the first three Joseph V. Martella years, GT expects to spend at least $60 million in improvements to the Area Port Director existing port site. In all, the Port of U.S. Customs & Wilmington is slated for $73 million of improvements under the deal, be- Border Protection yond the two new $12 million gantry cranes put into service last year. According to Badr Jafar, Chair- man of Gulftainer’s Executive Board, these sums are “. necessary to help the ports realize their full potential, the fulfillment of which is expected At the Sept. 18 public ceremony in Wilmington, Delaware and Gulftainer officials to generate $1.2 billion of increased signed the 50-year concession agreement. Participating in the signing are (l-r) Peter economic activity for the State of Richards, Gulftainer USA CEO, Badr Jafar, Chairman of the Gulftainer Company, Delaware,” over the life of the con- Del. Gov. John Carney, and Secretary of State Jeffrey Bullock. Eugene Bailey, then- cession. executive director of the Port of Wilmington, looks on from the podium. The promised facilities invest- ment is exactly what the Port of For the Port of Wilmington, Sept. grow jobs, provide a return on invest- Wilmington needs. “The State of 18, 2018 was a day filled with pomp, ment, and maintain relationships with Delaware recognized that the port ceremony, and mutual accolades.