Port operator APM Terminals to develop a new transshipment terminal in Tangier, Morocco with an annual capacity of five million TEUs. APM Terminals MedPort Tangier will become operational in 2019, serving multiple trades and will be the first automated terminal in Africa. The 30-year concession of APM Terminals MedPort Tangier will complement the current operations of the existing APM Terminals Tangier facility. APM Terminals has been named as the operator of a new container transshipment terminal at the Tanger Med 2 port complex. APM Terminals already operates the APM Terminals Tangier facility at Tanger Med 1 port, which started operations in July of 2007 and handled 1.7 million TEUs in 2015. The new terminal will have annual capacity of five million TEUs. Total investment in the new terminal is expected to be EUR 758 million. "At a time when the container shipping industry is in crisis due to low global growth and too many vessels for too few goods to move it is important we are able to invest in bigger and more effective port facilities," Chief Executive Kim Fejfer from APM Terminals said. Maersk Line will be an important customer of the new terminal. The new terminal is scheduled to open in 2019, under the terms of a 30-year concession agreement with the Tanger Med Special Agency (TMSA), which has responsibility for the development and management of the Tanger Med port complex.
Horizon Lines, Inc., (NYSE:HRZ), the nation's leading domestic ocean shipping and integrated logistics company, has entered into a new agreement for terminal operations at the Port of Oakland. Horizon Lines has teamed with Ports America, the largest terminal operator and stevedoring company in the Americas, to service cargo moving through Oakland between the U.S. mainland, Hawaii, Guam and Micronesia. Horizon Lines operations are located at 1599 Maritime Street.
In August, Indian bulk export specialists, VM Salgaocar & Bros. Pvt. Ltd signed an agreement with Cargotec for the supply of a range of MacGregor transloading equipment for handling iron ore at the company’s new terminal in Goa, India. Cargotec’s scope of supply will include following MacGregor equipment: cranes, hoppers, a deck-conveyor system with a rated capacity of 2,000 tph and a shiploader.
The 60-year-old Mukilteo Ferry Terminal is one step closer to replacement. On Friday, Aug. 22 the Federal Transit Administration signed a record of decision allowing the Washington State Department of Transportation Ferries Division to design and construct a new ferry terminal in Mukilteo, Wash. The Mukilteo terminal is one of the state’s busiest terminals, serving nearly 4 million passengers last year. However
Logistics firm Hidrovias do Brasil plans to start exporting grains from a new terminal with up to 6.5 million tonnes annual capacity in the Brazilian Amazon in July, serving international grain merchants, CEO Bruno Serapião said. Noble Agri and Holland's Nidera, both controlled by Chinese food giant COFCO, as well as Multigrain, a Brazilian subsidiary of Japan's Mitsui, signed long-term contracts to use the terminal on the Tapajos river in Para state, he said in an interview.
§ Throughput grew 5% to 7.8 million TEUs § Revenues down 1% to US$1.051 billion § EBITDA improved 2% to US$450.0 million International Container Terminal Services, Inc. (ICTSI) reported audited consolidated financial results for the year ended December 31, 2015 posting revenue from port operations of US$1
Congressman Elijah E. Cummings, Chairman of the Subcommittee on Coast Guard and Maritime Transportation, convened the Subcommittee at the Ceremonial Courtroom at the University of Maryland School of Law in Baltimore to examine the proposed development of a liquid natural gas (LNG) terminal at Sparrow's Point in the Port of Baltimore. Witnesses included Senator Barbara A. Mikulski, Governor Martin O'Malley, Baltimore County Executive James T
APM Terminals Tangier, S.A. and the Akwa Group, a Casablanca, Morocco-based partner have announced the opening of Morocco’s newest container terminal to serve the global trade in Morocco and the Western Mediterranean market. Located on one of the most important shipping arteries, the terminal will offer importers and exporters a new gateway to world markets. Over 200 vessels a day pass through the Straits of Gibraltar as they transit on north-south and east-west liner trade routes
To provide East Coast customers an all-water option to Asia, MOL will soon offer the only direct transpacific export service from Jacksonville, Florida (JAXPORT), via the Panama Canal, to key Asian ports as part of its NYX service. The first NYX vessel will sail from TraPac’s newest terminal at JAXPORT on May 13, 2009. The NYX westbound port rotation is as follows: New York – Norfolk – Savannah – Jacksonville – Miami – Manzanillo – Balboa
APL, the world’s seventh largest container shipping carrier, confirmed a land purchase in the city of Joliet, Ill., to develop its latest intermodal container terminal in the United States. The 43 acres of space was acquired from CenterPoint Properties within the CenterPoint Intermodal Center, the largest inland port in the U.S. APL’s new container yard will be advantageously located close to the Union Pacific and BNSF Intermodal Rail Terminals
The Board of Commissioners of the Port of New Orleans joined a host of elected officials and industry partners today to dedicate the Port’s new $25 million Mississippi River Intermodal Terminal. The terminal, made possible by a $16
China Petroleum and Chemical Corp (Sinopec) has taken delivery of the first LNG cargo at its new terminal at Beihai City in Guangxi Zhuang, with the arrival yesterday of the LNG carrier Methane Spirit, delivering a cargo from ConocoPhillips-operated Australia Pacific LNG (APLNG)project in
As U.S. lawmakers address means to stabilize Puerto Rico’s economy, Crowley Maritime Corporation’s senior vice president and general counsel, Michael Roberts, was called upon to offer recommendations for supporting the island’s economy and strengthening the U.S
First six of 22 to be installed at £300m terminal; arrival marks end of 13,730 mile (11,930nm) journey from Nantong, China The first six cantilever rail-mounted gantry (CRMG) cranes arrived in the River Mersey on Sunday, May 1 ready for installing and commissioning at the
The Port of Salalah, a major Arab Gulf regional gateway port and transshipment hub on the Arabian Sea, has inaugurated a new deep-water General Cargo and Liquid Bulk Terminal, adding 20 million tons of dry cargo and six million tons of liquid bulk cargo annual handling capacity
The first set of seven new Terminal Equipment which includes 4 QUAY and 3 RTG Cranes for its new Adani CMA Mundra Terminal ( ACMT) has reached Adani Ports and Special Economic Zone. ACMT is an equal joint venture with French container line CMA CGM SA and Adani Ports and
Sinopec's LNG tanker floats off Gladstone for more than 2 weeks; demurrage costs climb to more than $500,000. The Australia Pacific LNG (APLNG) project has delayed its first commercial cargo, racking up costs for China's Sinopec Corp which has had a tanker waiting to load for more than
A new safety initiative at the world’s largest proprietary container terminal, APM Terminals Pier 400 Los Angeles, has resulted in the implementation of revised yard layout and procedures to enhance the safety of the 2,000 to 3
Ports America, the largest stevedore and terminal operating company in the United States, is refocusing its business strategies on the West Coast through additional investments and expansion of services into new terminals. Areas of concentration include Los Angeles, Long Beach
DP World Pvt. Ltd, the world’s fourth biggest container port operator majority owned by the Dubai government, has plans to invest over $1 billion in India for augmenting its port-related operations. The company is seeking to invest in expansion of brownfield terminals
Vice President Biden commemorates 7th Anniversary of American Recovery and Reinvestment Act at Port of New Orleans; tours the port’s new Mississippi River Intermodal Terminal Vice President Joe Biden toured the Port’s new Mississippi River Intermodal Terminal today before
Peel Ports, the owner and developer of the new container terminal at the Port of Liverpool, has received a major boost with the news that SEAGO, the Intra-European shipping line which is part of the Maersk Group, is to launch a new cargo route between Algeciras-Liverpool-Dublin, from April.
Four structures at the Port of Long Beach’s newest marine terminal recently earned the coveted “gold” status in the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) rating system, which encourages the use of Earth-friendly features that
US-based XVELA, creators of a cloud-based vessel stowage and collaboration platform for ocean carriers and terminal operators, has announced that a wave of new terminal operators and shipping lines have signed on for pilot programs to put the XVELA platform to the test.
Terex Port Solutions (TPS) achieves another success in South America. The Argentinian power plant operator AES Argentina Generacion S.A. (AES) has ordered a Terex Gottwald Model 2 portal harbour crane in the G HSK 2224 variant from TPS. From the end of 2016