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
APM Terminals Gothenburg has signed an addendum to the original concession agreement with the Port of Gothenburg to invest an additional SEK 250 million (€25 million) through 2024 in Sweden’s largest port. The new investment will focus upon increasing operational
Jawaharlal Nehru Port Container Terminal (JNPCT) handled 14,29,936 TEUS of cargo till March 7 as compared to 14,29,277 TEUs, registering a growth of 7.6 per cent. "JNPCT, one of the four terminals at JNPort which is directly managed by Port authority, handled 14,29
The Meyer's Group has ordered two Damen ASD 2913 Tugs to operate in the newly expanded Panama Canal. At an official signing ceremony at the Panama Maritime XIII World Conference, Michel Mittelmeyer, Chief Executive Officer said the Meyer’s Group was awarded a contract last year to
Workers at Greece's second-biggest port, Thessaloniki Port, will walk off their job for a few hours on Wednesday to protest the port's sale, a key condition of the country's international bailout. The sale was launched in 2014 but has been plagued by delays and political resistance
DP World Limited handled 63.7 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the full year of 2016, with gross container volumes growing by 3.2% year-on-year on a reported basis, and 2.2% on a like-for-like basis
South Korea's largest deep sea carrier Hyundai Merchant Marine expects to post losses through the first half of next year due to poor market conditions, reports Bloomberg quoting its CEO Yoo Chang-keun. “This year will be the year to strengthen our financials
Today the Georgia Ports Authority announced the sale of 500 acres of property for commercial development to accommodate growing customer demand for warehousing, distribution and transload facilities near the Port of Savannah. The new development
1-Stop Connections (1-Stop) and Bestshore Business Solutions UK Ltd (Bestshore) announce a new strategic alliance to bring their productivity solutions to the European and Indian-sub continent port community. Through the partnership with Bestshore
The South Carolina Ports Authority reported an 8 percent increase in container volume since its fiscal year began in July. As previously reported, SCPA handled an all-time record container volume in January, with 185,018 TEUs moved last month
Trucks coming to load or unload containers in the Deurganck dock in the port of Antwerp will also be able to call at night as of 20 March. The container terminals MSC PSA European Terminal (MPET) and DP World Antwerp Gateway, both located in the Deurganck dock
The London Court of International Arbitration has cleared DP World, one of the world's biggest port operators, of all charges of misconduct over a concession to operate a container terminal in Djibouti, Dubai's government said on Tuesday.
APM Terminals has significantly increased its previously announced USD $70 million investment plans for the APM Terminals Port Elizabeth facility, and now plans an investment total of USD $200 million. This figure includes ordering four next-generation Ship-To-Shore (STS)
Navis and Davao International Container Terminal (DICT) announced that the terminal has gone live with the Navis N4 terminal system. Navis is a part of Cargotec Corporation and provider of operational technologies and services that unlock greater performance and efficiency for
ICTSI Oregon, Inc. and the Port of Portland have mutually agreed to terminate a 25-year lease agreement to operate the container facility at the Port’s Terminal 6. The agreement allows ICTSI Oregon to be relieved of its long-term lease obligations effective March 31, 2017
Up to six 366-foot-tall cranes will soon be raised 27-feet higher at the Port of Oakland. The port said the $14 million-to-$21 million project will begin this spring at its largest marine terminal. The objective: make it easier to load and unload megaships with containers stacked high above deck