Phase one of Terminal 5 is open for cargo ships to call the NWSA gateway. The MSC Monterey is the first vessel to call the newly modernized terminal with four new Super-post Panamax cranes ready to work the ship. The Terminal 5 Modernization Program launched in 2016 to expand gateway cargo capacity and enable The Northwest Seaport Alliance to service the largest vessels in the Transpacific trade. Construction on the new facility launched in July 2019, fueled by the combined investment from the NWSA Managing Members and SSA Marine of approximately half a billion dollars. The terminal renovations include two reconfigured berths to four new Super-post Panamax cranes, on-dock rail, 1,500 refrigerated plug ins, and shore power capability. Phase Two of the Modernization program is underway with operations in the south berth expected to be complete in mid-2023. At full completion, Terminal 5 will have added 185-acres and annual throughput capacity of about 500,000 TEU.