British shipping giant P&O is poised to take over operations at New York's largest container terminal, the Sunday Telegraph newspaper reported. It said P&O would pay $650 million for a 30-year concession on the terminal at Port Newark, which is the second largest container port in the U.S. by throughput. It said the group was also negotiating a new 56-acre container terminal deal in New Orleans, and the acquisition of a third terminal in Buenos Aires.
International Container Terminal Services Inc. (ICTSI) has appointed Anders Dommestrup as Chief Executive Officer of its Australian subsidiary, Victoria International Container Terminal Ltd. “We are extremely pleased to welcome Mr. Dommestrup into the ICTSI Group. With his extensive and leading industry experience and expertise, we believe that he can provide exceptional leadership to our new project at Webb Dock East in the Port of Melbourne,” says Christian R
KCI Konecranes has been contracted for the design and supply of two Post Panamax Ship-to-Shore (STS) container cranes for Baltic Container Terminal (BCT) in Gdynia, Poland. The cranes will be delivered before the end of 2006. Baltic Container Terminal (BCT) achieved a throughput of 372,000 TEU in 2004 and is on course for another healthy increase in throughput in 2005. BCT has seen consistent double-digit traffic growth since its
Dokuz Eylul University Maritime Faculty, Turkey has conducted a study to develop a new "East Mediterranean Container Terminal" in Mersin International Port (MIP) using Transas Simulation solutions. Yapı Proje Uygulama (YPU) that manage construction project of new container terminal chose the Dokuz Eylul University Maritime Faculty for this project after a comprehensive market research. Vice President of YPU Mr
Tideworks Technology® announce that Barranquilla Container Terminal chooses its Terminal Operating System (TOS). Barranquilla Container Terminal is a joint venture between SSA International and Sociedad Portuaria del Norte (SNP). The new facility will be managed by Santa Marta International Terminal Company (SMITCO) and will initially have capacity for approximately 122,000 TEU annually. Barranquilla Container Terminal plans to expand the container yard to five hectares and increase
Maher Terminals Holding Corp said on Tuesday it would boost container-handling capacity by more than half at the Port of Prince Rupert under an expansion of its container terminal at the northern British Columbia port. The Fairview Container terminal will be expanded to 1.3 million 20-foot equivalent units (TEUs) per year, up from its current capacity of some 850,000 TEUs. Construction is set to start in April and is expected to wrap up by mid-2017.
Operations resumed at the Manila International Container Terminal after striking workers cleared barricades preventing entry to the port, a senior Philippine official said. National Labor Relations Commission chief said the government asked the 90 striking workers of the International Container Terminal Services to clear the barricades on Thursday night and return to work because of the negative effect of the closure of the MICT on the economy.
OneStone Consulting Group in Buxtehude/Hamburg has just finished a new market report about the container handling industry. The executive style report provides key market indicators on container throughput, including a detailed outlook to 2007 in five geographic world areas. Moreover latest container terminal benchmarks are presented and discussed to improve terminal and crane productivity and to overcome terminal bottlenecks
A fully-fledged cruise terminal is to be set up at Colombo port given the increasing number of calls by cruise vessels, according to Lakdas Panagoda, chairman of the Sri Lanka Ports Authority (SLPA). The SLPA plans to convert the Bandaranaike Quay (BQ) of Colombo port into a “fully-fledged international cruise terminal,” Panagoda said. This was one of the initiatives taken by the SLPA during the new administration in the past six months, he said.
A group lead by Brookfield Infrastructure Partners, a global asset manager, had reached an agreement to buy the Australian port and railroad operator Asciano for about $8.8 billion in cash and stock, and that it was shopping for ports farther afield in a push to expand, reports NY Times. Brookfield says the acquisition of Patrick terminal will lay the foundation for a global container terminal presence, building on its facilities at Teesport, U.K., and the Port of Los Angeles
Three New England projects have been awarded nearly two million dollars under the U.S. Environmental Protection Agency’s (EPA) competitive national grant competition to reduce diesel emissions. The grants, totaling $1,975,000, were made under the Diesel Emissions Reduction Act (DERA)
APM Terminals Mumbai, India’s busiest container terminal, has embraced ‘Direct Port Delivery’ (DPD)service initiated by the Indian government as part of its “Ease of Doing Business Program” to enhance India’s access to the global logistics chain.
The Omani port of Salalah has registered a 29.4 per cent growth in container throughput in 2016 thus retaining its status as one of the region’s preeminent container transshipment hubs, said a report in Oman Observer. In initial unaudited and unapproved financials published on
US creditors of Hanjin Shipping Co. Ltd. objected to the Korean courier’s efforts to secure a New Jersey bankruptcy court approval of an asset sale to Mediterranean Shipping Co (MSC), reports WSJ. Geneva-based MSC, the world’s second largest container operator by
South Korean ocean carrier Hanjin Shipping Co. signed a deal to sell its stake in the U.S. port operator that runs Long Beach, Calif.’s, biggest container terminal to Mediterranean Shipping Co. (MSC), reports WSJ. Hanjin, which for bankruptcy protection in August
The Long Beach Board of Harbor Commissioners will consider a proposal by a terminal investor to take over a majority stake in a long-term lease to operate the largest container terminal in the Port of Long Beach. If approved, the pact could bring in business to replace the cargo volume
Kalmar has won an order for seven rubber-tyred gantry (RTG) cranes following a call for tender launched by the Algerian port procurement company Groupement D'Interêt Commun Des Entreprises Portuaires (GICEP). The value of the order is approximately EUR 10 million
France-based CMA CGM today announced a new direct weekly container service to Asia from the Port of New Orleans Napoleon Avenue Container Terminal. Part of the company’s PEX3 service, the inaugural vessel is scheduled to arrive on January 31 for service by terminal operator Ports
The Port of Long Beach’s Harbor Commission on Wednesday approved an agreement to replace the bankrupt operator of its largest cargo terminal. The Long Beach Board of Harbor Commissioners greenlighted the move by a subsidiary of Mediterranean Shipping Co
A new record has been set for the number of containers transported to the Container Terminal at Frihamnen. Never before have so many containers been transported by sea directly to the strongest growing capital city region in Europe and Sweden's largest consumer market.
Abu Dhabi Terminals (ADT) announced the arrival of three of the largest ship-to-shore quay cranes in the world, to accommodate growing volumes and demand at Khalifa Port Container Terminal (KPCT), WAM reports. Transported from China on specially-built vessels
An agreement between two marine terminal companies located at the Port of Miami will go into force on December 31, 2016, permitting those parties to seek cooperation and commonality in both business and operating matters. The U.S. Federal Maritime Commission (FMC) voted Thursday not to
Hong Kong Container port business trust Hutchison Port Holdings Trust (HPH Trust) has reached an agreement to purchase a majority stake in Huizhou International Container Terminals Limited (HICT) in Guangdong from the trust’s sponsor for about $86.26m.
An agreement between two marine terminal companies located at the Port of Miami went into force yesterday, permitting those parties to seek cooperation and commonality in both business and operating matters. The Federal Maritime Commission (FMC) voted today not to prevent the "Miami Marine
Colombo International Container Terminals (CICT) has reported a throughput of two million TEUs for the 12 months ending 31 December 2016, a year-on-year growth of 28 percent in volume, enabling the Port of Colombo to register overall incremental growth during three consecutive years.