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
Kenya on Saturday inaugurated the first part of a new container terminal at Mombasa which is expected to boost by 50 percent the volume of cargo handled by East Africa's largest seaport. Construction of the 30 billion shilling ($296.74 million)terminal began in March 2012 and was completed in
Governor Terry McAuliffe today announced that The Port of Virginia’s preliminary unaudited reports for fiscal year 2016 indicate that it will post an annual operating income of $4.76 million, the second year in a row that the port completed its fiscal year with profitability.
Plans to develop South Carolina’s second inland port in Dillon were announced by the South Carolina Ports Authority (SCPA) in a move that aims to support growth of intermodal container volumes and expand access to markets in neighboring states and throughout the Northeast and Midwest
Shell loads first LNG vessel, using new LNG fuel infrastructure at Gate terminal. The new LNG fuel infrastructure included the construction of a new berth. This new berth has now started operations. The loading of Shell’s chartered LNG vessel, the Coral Methane happened on September 19th
Crowley Puerto Rico Services announced an additional $21 million construction contract for improvements and upgrades at its Isla Grande port terminal in San Juan. The contract was awarded to Del Valle Group, S.P. of Toa Baja, Puerto Rico
India plans to more than double its liquefied natural gas (LNG) import terminal capacity in six years to cater to the rising natgas demand from refineries, fertilizer and power plants, according to a report in the Economic Times.
French container shipping firm CMA CGM plans to delist Neptune Orient Lines (NOL) following its takeover of the Singaporean shipper, CMA CGM's vice chairman Rodolphe Saade told French daily Les Echos. CMA CGM, the world's third-largest container shipping company
As the region’s 2015/2016 cruise season has come to a close, Abu Dhabi Ports, the master developer, operator and manager of ports and the Khalifa Industrial Zone in the Emirate, has released its best ever Cruise Terminal performance figures
The trade unions FNV and CNV Vakmensen, the Rotterdam container companies and the Port of Rotterdam Authority concluded consultations on employment in the container industry. The trade unions will present the outcome of the negotiations to their members with favourable advice
Panama and Cuba, both in the midst of growth and international expansion, are examples of two different economic models that are helping to attract foreign companies through government initiatives providing investor security. Seeking to generate business opportunities and strengthen
Excelerate Energy L.P. (“Excelerate”), Petrobangla, and the Government of Bangladesh executed the Terminal Use Agreement (“TUA”) and the Implementation Agreement (“IA”) for the construction and operation of Bangladesh’s first LNG import terminal –
Enterprise Products Partners on Thursday said the first ship to load ethane for export from its new terminal on the Houston Ship Channel will arrive on Aug. 1, the first such export of the light natural gas liquid from the U.S. Gulf Coast.
DP World has signed a long-term lease agreement for the expansion and operation of the multi-purpose Rodney Container Terminal at Saint John, New Brunswick, Canada. The global trade enabler will start running existing operations on 1 January 2017 and work in partnership with the Saint John Port
Greece has received only one bid to build and run a new rail freight terminal outside Athens, a project it has been trying to get underway for years, the country's transport ministry said on Tuesday. The bid is from ETBA, a unit of Greece's Piraeus Bank which develops and manages industrial
On August 18, a new container terminal built by NYK Line together with PT. Pelabuhan Indonesia II (Persero) (IPC), Mitsui & Co. Ltd. and PSA International Pte Ltd opened for commercial service at Tanjung Priok Port in Jakarta, Indonesia.