In a significant development for the Port of Wilmington, Enstructure, a prominent U.S. marine terminal and logistics company, has successfully completed the transfer of operations at the port from GT USA Wilmington (GT USA). The transition comes after Enstructure was chosen by the Diamond State Port Corporation (DSPC) and the State of Delaware as the new operator, with plans to collaborate on the potential expansion at Edgemoor.
Enstructure’s Co-CEOs, Matthew Satnick and Philippe De Montigny, expressed their enthusiasm for the partnership with the DSPC and their commitment to delivering top-tier service and comprehensive terminal and logistics solutions to customers. With extensive experience in both national and local markets, Enstructure aims to enhance the overall experience for long-standing Port of Wilmington customers while driving economic development and union job growth opportunities.
The collaboration with key stakeholders, including the International Longshoremen’s Association (ILA), the Delaware Building and Construction Trades Council, and the Teamsters, underscores Enstructure’s dedication to fostering an environment of growth and progress at the port. As a responsible corporate entity, Enstructure also intends to revitalize Port facilities and infrastructure for long-term sustainability.
Moreover, Enstructure’s involvement in the potential Edgemoor development project further showcases its commitment to invest in projects that benefit the community and create foreign direct investment opportunities. The company’s comprehensive approach to trade infrastructure and services aligns with its mission to cater to global customers while adhering to strict financial discipline.
Peter Richards, CEO of Gulftainer, provided insight into GT USA Wilmington’s decision to step away from the development of the Port of Wilmington. He acknowledged Gulftainer’s contributions to the port during its 4.5-year tenure and highlighted the company’s dedication to enhancing productivity in port operations. However, evolving economic conditions and future financial viability did not align with GT USA Wilmington’s investment criteria. Gulftainer remains steadfast in its commitment to investing in projects worldwide that demonstrate an appetite for foreign direct investment.
About Enstructure:
Founded in 2016, Enstructure LLC is a logistics infrastructure company with corporate offices in Wellesley, Massachusetts, and New York, New York. Enstructure owns and operates an integrated network of marine terminals and logistics assets along the East Coast, Gulf Coast, and Inland River System of the United States. The company’s extensive services cater to some of the world’s largest companies in various sectors, including energy, agriculture, food, manufacturing, construction, and public safety.
About GT USA Wilmington:
GT USA Wilmington is the U.S. division of Gulftainer, a privately owned and independent terminal operator and logistics company with operations and business interests in the Middle East and the United States. Although GT USA Wilmington had previously signed a 50-year agreement to manage operations at the Port of Wilmington, the decision to withdraw from further development was taken due to evolving economic conditions and financial considerations.
The completion of the transfer of operations marks a new chapter for the Port of Wilmington under Enstructure’s management. With its track record of successful terminal and logistics ventures, Enstructure’s strategic vision is poised to drive growth and prosperity for the port and the region it serves.
