[April 16, 2014]

Global Terminal Expansion On Target

The United States' newest semi-automated facility, Global Terminal, today announced that the latest of ten stacks of additional capacity has been completed on time. Global took delivery of the last 5 of its 20 Rail Mounted Gantry (RMG) cranes last Thursday. The ten stack expansion will more than double the capacity of the terminal to 1.1 million lifts annually, and is slated to be fully operational by the end of this summer.

After more than four years of planning and construction, the expanded Global Terminal is now open. Importers and exporters to the New York/New Jersey harbour now have the best Big Ship Ready alternative to service cargo to the region faster, and more efficiently.

Activity has been non-stop. Last May saw the completion of its 274 metre (900 foot) berth extension allowing Global to handle the latest Suez Max vessels. Later in July, the streamlined truck gate complex equipped with optical character recognition and radio frequency identification tags was successfully launched with the impressive ability to handle more than 5,000 transactions per day. Last month, Global became the first terminal in Noth America to launch Navis N4 version 2.5 without disruption to its customers and stakeholders. The facility has been commissioning new equipment on an ongoing basis, which now includes a fleet of 17 shuttle trucks from Terex and 20 semi-automatic RMGs from Konecranes.

Global Terminal's new semi-automated terminal will boast the harbour's fastest processing and turnaround times. Rich Ceci, Project Manager and Vice President of IT at Global Container Terminals USA commented, "The expansion team has been committed to ensure the facility serves our customers' next generation of vessels quickly and reliably."

"It is gratifying to see the achievement of the company's vision to develop a safer facility that meets the evolving needs of the industry while providing better working conditions for the workforce," said Jim Devine, President and CEO of Global Container Terminals USA. "We couldn't have met our target without the skill and dedication of our project team and the support of the Port Authority of New York/New Jersey."

In June 2014, the expanded Global Terminal will handle its first commercial lift. By this time, Global will feature the best vessel productivity in the New York harbour.

Visit our website to see our new gate complex in action: http://globalterminalexpansion.com/see-the-terminal/#gct-1.

About GCT Global Container Terminals Inc.

GCT Global Container Terminals Inc. is a wholly-owned subsidiary of the Ontario Teachers' Pension Plan, one of the largest financial institutions in Canada. The Company operates four container terminals through three principal businesses in North America: TSI (News - Alert) Terminal Systems Inc. in Vancouver and Delta, British Columbia; New York Container Terminal on Staten Island, New York; and Global Terminal & Container Services in Bayonne, New Jersey.

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