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Psa International

New Colombia Container Port to be Developed

Photo courtesy of Port of Aguadulce

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


China's Tianjin Port & Singapore PSA to Collaborate

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 Completes $112M Acquisition

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


P&O Shares Increase

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


Asia Key to Recovery of Containerized Trade

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


G&C: New Agreement with BAE Systems Ship Repair

  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


SWM Wins $7.7M Navy Deal

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. Awarded $10m Contract Modification

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


APL, Direct Vietnam to North America Service

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 USS New Hampshire Contract

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


New Straddle Carriers for MSC Terminal in Antwerp

Cargotec_logo.gif

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.  


Building Rig for Norwegian Conditions

Image credit: PR Newswire

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 Order Harsh Environment Offshore Rig

Image courtesy of Beacon

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


Two RA-designed Tugs for PSA Marine

Rubicon (Photo: Robert Allan)

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.


BIW Wins $49m 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.  Bath Iron Works is the lead shipyard and design agent for the class.


General Dynamics Wins Navy DDG Contract

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


IMF Launches Asian Drive to Improve FOC Conditions

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 POCC: Off with the Old, On with the New

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


Electric Boat Awarded US52M Navy Contract

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).


GD Awarded 'USS Mississippi' Maintenance Contract

USS Mississippi in River Thames: Photo credit USN

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)


Cruise Trade Association Goes Global

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


Port of Antwerp Adopts Descartes' Services

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


Latest US Navy Contracts

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


First Ship of CEM/ANN Service to Arrive in July

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.


Latest DofD Navy Contracts

USS Independence: Photo courtesy of Austal

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


 
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