Gateway Terminal Receives Approval to Expand Foreign Trade Zone
Updated: Dec 2, 2019
New Haven, Conn. – November 1, 2019 - Gateway Terminal, located in New Haven, Connecticut, announced today that it has received expanded Foreign Trade Zone (FTZ) subzone approval from the Foreign-Trade Zones Board of the U.S. Department of Commerce. This approval allows Gateway to expand its previously established FTZ to include approximately 57 acres, comprised of three warehouses totaling 156,000 sq. ft., a 25,000 sq. ft. covered storage structure, and seven aboveground liquid storage tanks with a total capacity of 632,000 barrels.
Located in or near U.S. Customs and Border Patrol (CBP)-designated ports of entry, FTZs are the United States' version of what are known internationally as free-trade zones. In an FTZ, foreign and domestic merchandise may be brought into zones for purposes such as storage, assembly, manufacturing, and processing. By operating in an FTZ, businesses can delay paying tariffs or duties on the goods they import. Raw materials shipped to a manufacturer located in an FTZ can be used in developing finished products which can then be exported without being taxed.
“An expanded FTZ status allows Gateway to provide its customers with financial savings and increased operational capacity,” said James Dillman, President of Gateway Terminal. “We are thrilled to offer this strategic advantage and economic benefit to our customers, the City of New Haven, and the State of Connecticut.”
The Greater New Haven Chamber of Commerce was the applicant for the subzone approval and serves as the FTZ’s Grantee.
“An FTZ is a vital resource for cities and states that want to compete in international trade,” said Garrett Sheehan, President of the Greater New Haven Chamber of Commerce. “We’re pleased that the FTZ at Gateway Terminal has been significantly expanded and are excited about the new opportunities for economic development and job growth that the Zone will bring to greater New Haven.”
Founded in 1985, Gateway is one of the premier port terminal and logistics companies in the United States and the largest port terminal operator in the State of Connecticut.
Gateway currently operates on approximately 75 acres of land in the deep-water Port of New Haven and offers the only port facility in New England encompassing ship, barge, truck, and rail capabilities. In addition, Gateway serves as the long-term operator of the State Pier in New London, Connecticut. Gateway owns and operates a fleet of eight U.S.-flagged Jones Act vessels (five tug boats and three barges), which facilitates the company’s wide range of shipping and receiving services to a national marine customer base.
Gateway has over 100 employees and a management team with over 275 years of combined stevedoring, terminal operations, and logistics experience.
Enstructure LLC, Gateway’s parent company, owns and operates a network of dry, liquid and breakbulk terminals and logistics assets on the East Coast and Inland River System of the United States. Enstructure provides full-service and transparent logistics solutions to some of the world's largest companies. Enstructure’s terminals handle commodities used in the energy, agriculture, manufacturing and construction sectors that touch every aspect of daily life.