APM Terminals Mobile has signed an agreement with the Alabama State Port Authority to add 32 acres to the current 134 acre container terminal yard to keep pace with future demand, creating one million TEU throughput capacity that is approved to handle 14,000 TEU ships. This represents the third expansion in the last six years as importers expand their volumes to meet regional consumer demand and tap into rail service to the Midwest US market.The USD 104 million terminal expansion will begin later this year. The first 19 acres are expected to be completed in 2023 and the remaining 13 acres by early 2025. As part of the expansion, APM Terminals will purchase two, new super post-panamax ship-to-shore gantry cranes and related support equipment (such as trucks, landing chassis/container carriers) for crane operations which will complement the current four gantry cranes (2 x super post-panamax, 2 post- panamax). In 2020, the berth was expanded to allow two x 8000 TEU vessels alongside. The U.S. Army Corps of Engineers is currently dredging the Mobile Harbor channel to reach 50 feet by late 2024.