Hanjin, JAXPORT to develop new container terminal at Dames Point
November 12, 2008
Mayor John Peyton and JAXPORT officials have announced that the Board of Directors of Hanjin Shipping Company of Seoul, Korea approved a 30-year lease agreement with JAXPORT. The lease calls for Hanjin to build an approximately 90-acre container facility at the Dames Point Marine Terminal in North Jacksonville with the option for further expansion. The $300 million Hanjin Container Terminal at Dames Point is expected to open for business in late 2011 and will be a key hub operation for Hanjin’s east coast port activity. JAXPORT’s Board of Directors approved the lease offer earlier this month.
The new agreement is expected to create more than 5,600 new private sector jobs in Jacksonville and support operations such as trucking, distribution and related services. The new terminal will generate nearly $1 billion in annual economic impact.
The new Hanjin Container Terminal will be located at Dames Point, immediately northwest of the TraPac Container Terminal under construction and where the temporary cruise facilities are currently occupied.