Port Tampa Bay renewed an agreement with Ports America to continue operating its container terminal through May 2046, according to a news release.
Ports America handles Port Tampa Bay's container and break-bulk cargo operations. The company recently agreed to a new break-bulk concession for five years. Ports America has handled general cargo and container operations at the port since 2006, according to the release.
Officials with the port and Ports America signed a contract after a commissioning ceremony of the port's two new $24 million post-Panamax gantry cranes late last month. Ports America's name is branded on the new cranes, as is Port Tampa Bay. The cranes arrived in April and are now operational.
"As we usher in a new era of efficiency and capability here at the port, it's really outstanding to have our major partner present to see our new cranes dedicated and then to solidify one of the most important relationships that we have," Paul Anderson, president and CEO of Port Tampa Bay, said in a statement. "Our ongoing partnership with Ports America has time and again proven successful in working with a variety of cargoes, including steel, autos, project cargo and of course containers, and we are delighted to carry on this mutually rewarding tradition for the next 40 years."
Ports America operates at more than 42 ports in 80 locations across the U.S. It manages port operations for container, bulk, break-bulk and project cargo, and also cruise terminals and intermodal facilities.