Baltimore Port Gets $1.2B Private Container Terminal by 2028

Key Details Tradepoint Atlantic and Terminal Investment Ltd. have broken ground on the Sparrows Point Container Terminal, a 168-acre facility built on the former Bethlehem Steel mill site southeast of Baltimore. The $1.2 billion project represents the first privately financed U.S. container terminal built in decades, with the first berth expected to open by 2028 and full operations by 2030. Capacity and Infrastructure The terminal will handle over 1 million containers annually and accommodate two ultra-large vessels simultaneously with seven ship-to-shore cranes. On-dock rail connectivity will link directly to the I-95 East Coast doublestack network, providing direct routes to Midwest and eastern seaboard destinations. Why It Matters This development arrives as CSX recently cleared Baltimore's Howard Street tunnel for doublestack trains after over a century of constraints. The new terminal positions mid-Atlantic shippers with modern intermodal capabilities and eliminates previous bottlenecks that hampered regional competitiveness. Terminal Investment Ltd. is co-managed by Mediterranean Shipping Co. and BlackRock, bringing substantial financial backing and operational expertise to the project. Driver Impact Expect improved routing options and reduced delays through the Baltimore corridor once the facility becomes operational, benefiting intermodal operations across the region.