International Container Terminal Services, Inc. ("ICTSI") and PSA International Pte. Ltd. ("PSA"), through their subsidiaries, have signed an agreement to jointly develop, construct and operate the container port terminal and ancillary facilities located in the Peninsula of Aguadulce, Buenaventura, Valle del Cauca, Colombia. The agreement involves PSA´s investment in Sociedad Puerto Industrial Aguadulce S.A., an indirect subsidiary of ICTSI, which holds the 30-year concession for the Aguadulce Port Project granted by the Agencia Nacional de Infraestructura of Colombia. "We are delighted to partner with ICTSI and co-invest in the Aguadulce Port Project. ICTSI and PSA will bring our complementary strengths to ensure this greenfield terminal supports the growing demand for trade and logistics in Colombia, amidst the improving business environment in the region," says Tan Chong Meng, PSA Group CEO. ICTSI is a leading port management company involved in the operation and development of marine terminals and port projects worldwide. Their flagship Manila International Container Terminal (MICT), recently achieved its 25-millionth TEU mark since its privatization in 1989. PSA is one of the leading global port groups with port projects across Asia, Europe and the Americas and flagship operations in Singapore and Antwerp
Tianjin Port Group (TPG) China, and Singapore's PSA International (PSA) have signed a "strategic cooperation framework agreement" to develop Tianjin Port So far, PSA has invested in two of the port's container terminals, namely Tianjin Port Pacific International Container Terminal (TPCT) and Tianjin Port Alliance International Container Terminal (TACT). These two facilities have a total of 10 berths that can handle the biggest containerships
PSA Marine completed the acquisition of the marine business of Sembcorp Logistics Ltd. for $112.97 million. "The strategic acquisition complements PSA Marine's core business and extends its geographical reach to key overseas markets in Hong Kong, Southeast Asia, Middle East and Africa," said PSA in a statement. The addition of salvage tugs and semi-submersible barges to its fleet would also widen PSA Marine's range of marine services to include international emergency response and ocean towage
Dubai Ports World raised its offer for the British port operation Peninsular and oriental steam Navigation Co. to almost $7 billion, beating an offer from Singapore's PSA International Ltd. The offer sent P&O's shares up almost 5 percent on January 27. P&O and DP World, which is owned by Dubai's government, had agreed to the $6.9 billion cash bid. The offer, which amounts to $9.26 per share, topped a $6.3 billion offer from PSA
Asian economies are leading the recovery of international container trade volumes, but strong growth across the region could see pre-recession pressure on freight infrastructure re-emerge, a senior executive of container shipping line APL told a conference in Ho Chi Minh City on May 20. “Intra-Asia is already the world’s single largest container trade,” Jason Wong, Vice President of APL’s Intra Asia trade, told the 8th ASEAN Ports & Shipping Conference
Gibbs & Cox won a Professional Services Agreement (PSA) with BAE Systems Ship Repair. The new PSA will allow any of the BAE Systems shipyards to contract directly with Gibbs & Cox for engineering services in support of their repair, fabrication and new construction work. BAE Systems Ship Repair is a leading provider of non-nuclear ship repair, modernization, conversion, overhaul, fabrication and new construction for commercial and government customers
Southwest Marine Inc., San Diego, Calif., is being awarded a $7,667,628 cost-plus-award-fee contract for accomplishment of the post shakedown availability (PSA) for the USS Mustin (DDG 89). This contract is for services and material for total DDG 89 PSA effort, including options for DDG 91 and three other San Diego homeported DDGs yet to be determined. Specific efforts include engineering and management in support of the PSA, labor and material to perform specified PSA work
Electric Boat Corp., Groton, Conn., is being awarded a $10.7m cost plus fixed fee modification to definitize previously awarded contract N00024-96-C-2100, for tasking associated with the execution of the USS Virginia (SSN 774) Post Shakedown Availability (PSA).Work was performed in Groton, Conn. (99 percent) and Quonset Point, R.I. (1 percent), and was completed in March 2007.Contract funds will not expire at the end of the current fiscal year
Global shipping leader APL announced the launch of a new weekly direct container shipping service linking Vietnam and the West Coast of North America. Previously, Vietnam’s exporters have had to rely on small feeder vessels to connect with larger ships to gain access to the world’s major consuming markets. The first departure of the APL-operated service on 4 June will directly link Vietnam’s exporters to the Transpacific routes
General Dynamics Electric Boat has been awarded a $23.7m contract modification by the U.S. Navy to prepare for the post-shakedown availability (PSA) on the nuclear submarine New Hampshire (SSN-778). Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE:GD). The PSA, which will comprise maintenance, repairs, alterations and testing, will be performed in Groton and is expected to begin in February. Up to 800 employees will be engaged in the work
Kalmar, part of Cargotec, has gained an order to supply five Kalmar electric straddle carriers for MSC Home Terminal in Antwerp, Belgium. In addition, Kalmar will supply one new generation hybrid straddle carrier to the customer on a rental basis.
Beacon Holdings Group has ordered a harsh environment semi-submersible GM4-D rig from Yantai CIMC Raffles. They have also secured an option to build a second rig from the shipyard. The rig they have ordered has been given the name Beacon Atlantic
Beacon Holdings Group say they have ordered a harsh environment semi-submersible GM4-D rig from Yantai CIMC Raffles in Singapore, with an option to build a second rig from the shipyard. The rig they have ordered has been given the name Beacon Atlantic
PSA Marine of Singapore, one of the largest harbor tug owners and operators in Asia, took delivery of the RAmparts3200 class tugs Rubicon and Righteousfrom Cheoy Lee Shipyards, Hong Kong and Yuexin Ocean Engineering Co. Ltd., Guangzhou, PR China respectively.
The U.S. Navy has awarded General Dynamics Bath Iron Works, a subsidiary of General Dynamics (NYSE: GD), two contracts in support of the DDG 51 Arleigh Burke-class guided missile destroyer program. Bath Iron Works is the lead shipyard and design agent for the class.
General Dynamics Bath Iron Works Awarded $49 Million for DDG 51 Programs. The U.S. Navy has awarded General Dynamics Bath Iron Works, a subsidiary of General Dynamics (NYSE: GD), two contracts in support of the DDG 51 Arleigh Burke -class guided missile destroyer program
Union activists in India & Sri Lanka inspected flag of convenience vessels at ports across South Asia to help improve seafarers’ pay & conditions. Riding on the success of the first staggered week of action in October, dockers’ and seafarers’ unionists in India and Sri
Singapore's first Port Operations Control Room Centre (POCC) de-commissioned, as new upgraded centre takes over control. The decommissioning of the centre at at Tanjong Pagar Complex (POCC-TPC) marks the retirement of Singapore's first POCC after more than 28 years of faithful service in
The US Navy contract is for the planning and execution of the 'USS Mississippi' (SSN 782) post shakedown availability (PSA). The $51,687,173 cost-plus-fixed-fee contract is a modification to previously awarded fixed-price-incentive contract (N00024-03-C-2101).
General Dynamics Electric Boat awarded a US$ 51.7-million Navy contract for maintenance work on the submarine 'USS Mississippi'. The contract is to to plan and perform the post-shakedown availability (PSA) on the nuclear submarine USS Mississippi (SSN-782)
9 cruise industry associations to operate under a common organization with a unified structure to better serve the industry. The new association was created to provide increased benefits and a globally unified voice for cruise lines, travel agents and business partners – all of whom
Descartes Systems Group's announce its cloud-based messaging services now integrated with the Antwerp Port Community System's (APCS) e-Desk application. The solution, combined with the Global Logistics Network (GLN), provides declarants and terminal operators with a simple way to communicate
The Department of Defense anounce contract awards to Huntington Ingalls, Lockheed Martin, & Electric Boat. Huntington Ingalls Inc., Newport News, Va., is being awarded an $18,232,027 modification to previously awarded contract (N00024-08-C-2110) for special tooling, special test equipment
The first container vessel in the recently adjusted CEM/ANN service of Evergreen Lines and Hanjin Shipping Lines is expected to arrive in Zeebrugge on July 19. The container vessels of the CEM/ANN service will be handled at PSA’s Zeebrugge International Port Terminal.
Recent Navy contracts include awards to General Dynamics Bath Iron Works, and to BAE Systems. General Dynamics Bath Iron Works, Bath, Maine, is being awarded a $9,011,625 cost-plus-award-fee order to previously awarded basic ordering agreement (N00024-13-G-2316) to provide material and labor