Equipped with 12 quay cranes capable of handling ultra-large container ships, the expansion allows the East Container Terminal to handle 3 million TEUs annually at full speed.
The 2025 result follows a familiar trend seen across the full-year financials reported so far by Maersk, Hapag-Lloyd and Ocean Network Express as the industry moves into an overcapacity-driven downcycle.
Kevin Price, president of the port’s stevedoring services company Gateway Terminals, will join GPA in July as president and then add the CEO’s role in mid-2027.
