Tradepoint Atlantic has inked a 10-year deal with Host Terminals to manage most marine operations on the Sparrows Point facility in Baltimore, Maryland. Host Terminals has agreed to co-invest with Tradepoint Atlantic in $30 million in infrastructure improvements to the 3,100 acre facility.
The Tradepoint Atlantic Terminal is currently anchored by The Pasha Group, which began receiving and processing vehicle imports last year.
Mercator International was retained by Tradepoint Atlantic in late 2015 to conduct a market study and identify top tier and second tier opportunities. Mercator identified RoRo as the top priority, as Baltimore has a competitive advantage in RoRo traffic, and the Sparrows Point facility has ample acreage to accommodate a state-of-the art RoRo terminal.
For more information on the Tradepoint Atlantic – Host Terminals deal, click here.
