The acquisition of the terminal is part of a larger strategic investment in the Caribbean and Central American markets by Höegh Autoliners.
The terminal in Port Everglades comprises of six acres of land, with an additional six acres available for future growth. This will be the first complete marine terminal and vehicle processing facility that offers comprehensive ocean coverage in the Caribbean and Central America.
Per Folkesson, President of Horizon Terminals said: ”The acquisition of this facility gives Horizon Terminal Services an opportunity to create a complete marine terminal product in Port Everglades and will be the second terminal Horizon Terminal Services operates.”
Øyvind Ervik, Chief Operating Officer, Höegh Autoliners said: “Höegh Autoliners has the vision of establishing a comprehensive short-sea ocean product out of South Florida. Our newly acquired ocean service, combined with the Port Everglades terminal provides an unparalleled service to the region.”
The terminal in Port Everglades currently handles mainly used vehicles and equipment but already attract OEM cargo. Over the next weeks Horizon Terminal Services will establish a functional terminal design, aimed for vehicle processing capabilities and further growth in terminal footprint.
Per Folkesson continued: “Used vehicles and equipment often moves through seaports closest to the sourcing and Florida is a main sourcing market for these segments. Factory New Vehicles on the other hand are scattered over a number of seaports, depending on where they find ocean transportation services. We want Port Everglades to be the natural choice also for the OEMs in this region.”
“With land available for growth, we now have the chance to tailor make the vehicle processing capabilities at Port Everglades, to our customers’ needs. We will therefore approach OEMs with the ambition to develop a joint growth plan for the terminal. Furthermore, we are also in talks with the rail road to route vehicle deliveries through the spurs, running directly up to the terminal entrance.”
The Port Everglades Terminal has rail access provided by the Florida East Coast Railroad and direct access to the Intercoastal Waterway, Interstate 95,75 and 595.