The Philadelphia regional port authority has authorised its partners Hyundai Merchant Marine Shipping Agency Inc and the Delaware River Stevedoring entity to build and operate a new container terminal in Philadelphia. The lease for the new Southport container terminal will run for 50 years. Delaware River Stevedoring is a subsidiary of SSA Marine and of the Ports America group. Construction is expected to commence in three years, when the deepening of the Delaware River to 45 ft is expected to be completed.