Commercial Development Company (CDC) has entered into a port operations agreement with Patriot Stevedoring + Logistics for the Brayton Point Commerce Center in Massachusetts, U.S.
The agreement is said to further build on CDC’s plan to transform the former Brayton Point coal-fired power plant into a logistics port, manufacturing hub and support center for offshore wind.
Patriot, a joint venture of Carver Stevedoring Services and Pangaea Logistics Solutions, will manage operations of the marine commerce terminal and work to create a regional logistics port with global distribution capabilities.
“This port operations agreement is another step in the transition of Brayton Point into one of the premier marine commerce terminals in the Northeast – the site is well positioned to support offshore wind, but the possibilities for other sectors are available as well,” said Stephen Collins, Executive Vice President at CDC.
CDC believes that expanding port operations at Brayton Point will be key to attracting new industrial and manufacturing tenants and will bring favorable economic impacts to the region.
According to Patriot, the goal is to link Pangaea’s international ocean freight network with Carver’s shore-side port logistics, which will bring shippers, receivers and project groups to New England through Brayton Point.
The Brayton Point Commerce Center is equipped with a 34ft deep water port and will be used for bulk cargo, heavy lift cargoes and building materials for the offshore wind sector. It is expected to be ready for port operations by early 2020.