Florida International Terminal (FIT), one of SAAM Terminals’ port terminals, has successfully renewed its lease arrangement at Port Everglades for another 10 years.
The renewal follows approval from the Broward County Commissioners and the local Port Authority.
FIT will reportedly invest $25 million in the container terminal over the next 24 months to improve cargo handling efficiency and create job opportunities for the International Longshoremen’s Association (ILA) Union. The contract runs until 2035.
Glenn Wiltshire, Acting Port Director of Port Everglades, said: “FIT has been a great partner in helping to improve the port’s operational efficiency, and we applaud their ongoing investments to move cargo faster, advance green initiatives and contribute to our local economy.”
In 2018, the terminal expanded its modernisation plan with a $5 million investment, doubling its ability to send containers.
Over the previous year, FIT has added additional services to its business while continuing to serve the North-South trade routes into the US from Central America, South America, and the Caribbean.
In April, Port Everglades authorities, partners and elected leaders welcomed three new Super Post-Panamax container gantry cranes going into operation.