Beginning in 2004, FastShip will use fast ocean-going ships that travel at 38 knots -- 70% faster than the 22 knots of a normal container ship. Each ship will cross the Atlantic three times a week. Rather than containers and cranes, FastShip will reduce port time with trailer roll-on-roll-off service at dedicated facilities.
The Philadelphia rail site, which will be transformed into a modern transportation hub for FastShip's transatlantic network, will be the exclusive North American terminal for the company's delivery service of cargo from central Europe to the central United States.
The $125 million state-of-the-art terminal will open in 2004 and will nearly triple the amount of cargo currently passing through the Ports of Philadelphia and Camden.