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Philadelphia port adds direct cargo shipments from Europe

The Port of Philadelphia is adding direct container service from Europe in hopes of

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cushioning the financial blow felt from the global recession.

The Philadelphia Regional Port Authority and Holt Logistics Corp., Gloucester City, N.J., announced recently it has collaborated with Mediterranean Shipping Co. SA, Geneva, to provide weekly direct container service to the port beginning in October, according to a release from the Philadelphia Regional Port Authority.

Mediterranean Shipping committed to bringing in new cargo from Europe in addition to shipments it already makes to Philadelphia from the western coast of South America.

“This new service is great news for our port and the entire region,” Thomas Holt Jr., president of the leasehold company that leases the port’s Packer Avenue Marine Terminal from the port authority, said in the release. “Shippers have expressed a lot of interest in having direct European service with the Port of Philadelphia. MSC is a leader in the field and continues to grow, even in a down economy.”

At the Philadelphia terminal, total cargo was down through June 30, from 2 million tons to 1.7 million, a 15% decline, according to the release. The addition of European direct service should erase that cargo deficit by the end of the year.

“The Port of Philadelphia continues to be a major economic engine for the commonwealth, and we welcome this new service from Europe,” Pennsylvania Gov. Ed Rendell said in the release. “Commitments from shipping giants like MSC go a long way in helping the entire Philadelphia region withstand the global economic downturn and support existing jobs.”

via thepacker.com

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