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Rail News: Intermodal

Port of Everglades, Crowley Liner ink new lease agreement


Crowley Liner Services has entered into a new 10-year, $157.8 million lease and operating agreement with the Broward County Board of Commissioners for a 99-acre marine terminal at Port Everglades, port officials announced this week.

The pact combines Crowley's original 74-acre leasehold with the 25-acre SeaFreight leasehold, which Crowley acquired in October 2015, according to a Port Everglades press release.

"Crowley became the first tenant in our Southport container terminal complex in January 1990, and has grown, and restructured, the terminal from its original 55.54 acres to become our largest marine terminal operator," said Steven Cernak, the port's chief executive officer and director.

In fiscal-year 2015, Crowley Crowley transported 145,940 containers through the port, generating nearly 29 percent of the port's total container revenue. During the same time period, SeaFreight moved 41,801 containers.

The port serves as a gateway to Latin America, the Caribbean, Europe and Asia. The port offers direct access to Florida East Coast Railway's 43-acre intermodal container transfer facility.