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3/29/2023
The Port of Gulfport signed a long-term lease and operating agreement with Ports America, the largest terminal operator and stevedore in the United States, the Mississippi State Port Authority announced last week.
Under the agreement, Ports America will invest $43 million to develop the vacant Terminal 4 at Gulfport into a cargo-handling terminal. The investment includes a new ship-to-shore crane and surface improvements, port authority officials said in a press release.
The 20-year agreement includes options for two additional 10-year terms.
“We have so many strategic advantages here at the Port of Gulfport, and this partnership will develop 38 acres of currently vacant land in Terminal 4, allowing for full utilization of the asset,” said Port of Gulfport CEO and Executive Director Jon Nass.
Ports America has acted as a licensed stevedore at Gulfport since 2006. In September 2022, the company and port signed a letter of intent aimed at increasing commerce at Gulfport.
Kansas City Southern provides rail service to the port.