Gulf Coast Dockside Operations and Assets acquired by Associated Terminals

Monday, June 10, 2002
Associated Terminals recently expanded its stevedoring and material handling operations on the lower Mississippi River with its acquisition of substantially all of the assets of Gulf Coast Dockside, Inc., along with a substantial interest in Bulk Material Transfer, Inc. Gulf Coast Dockside is a stevedoring company whose primary operations are located in Chalmette, LA, near milepost 90.5 of the lower Mississippi River. The company’s assets include three high capacity floating cranes and all of the attachments and equipment related to the stevedoring operation. Associated also assumes all of the existing contractual stevedoring obligations.

Bulk Material Transfer operates a bulk material handling facility at the Chalmette slip within the St. Bernard Port, Harbor and Terminal District. The facilities include pier “C” at the Chalmette Slip, adjacent warehouse facility, mid-stream deep water mooring dolphins, and several acres of land within the port’s Arabi Terminal & Industrial Park. Additional cargo handling services offered at these facilities include truck and rail loading and unloading, warehousing and storage, bagging capabilities, and screening and processing of bulk cargoes. “This is a significant acquisition for our company. The Chalmette Slip and Arabi mooring dolphins have always offered some very strategic and logistical advantages for shippers and we have a lot of respect for our friends at Gulf Coast Dockside.” said David Fennelly, President of Associated Terminals. “The Port of St. Bernard offers tremendous growth and development opportunities. Our plans for the Chalmette operations are to expand the facilities to offer additional vessel transfer locations, as well as increase the array of options we are able to offer shippers and carriers.” Fennelly continued. The acquisition of these operations gives Associated Terminals a firm foothold in the Chalmette area below New Orleans and boosts its fleet of high capacity floating cranes to eight. Gulf Coast Dockside and Bulk Material Transfer both have strong ties to William T. Bergeron, who has served as president and chief executive officer at both companies. With this transaction, Bergeron will remain as president of Bulk Material Transfer.

Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Wärtsilä to Begin Building LNG Terminal in January

Wärtsilä has been given full notice to proceed (NTP) from Manga LNG Oy for the supply of a liquefied natural gas (LNG) import terminal in Tornio, Northern Finland.

Polarcus Awarded 3D Project Off West Africa

Polarcus Limited has signed a letter of intent with Perenco Oil & Gas Gabon S.A. for a 3D marine seismic acquisition project offshore West Africa.   The project,

Boskalis, VolkerWessels Win Offshore Wind Farm Work

Royal Boskalis Westminster N.V., in partnership with Volker Stevin International (VolkerWessels), has been awarded a contract by Iberdrola Renewables Offshore Deutschland

Finance

Larger Tankers May Offer Better Return Chances

Investors looking for returns in the tanker markets can invest their capital in a variety of ways. Should an owner invest in a VLCC or an Aframax? How about an

US Plans to Shut Royalty Loophole on Coal Exports

U.S. coal companies will no longer be able to settle royalties at low domestic prices when they make lucrative sales to Asia according to reforms proposed by the Interior Department on Friday.

Hapag-Lloyd Completes CSAV Merger Capital Increase

Hapag-Lloyd completed the planned capital increase of EUR 370 million (approximately $452.5 million) as part of the business combination with the Chilean shipping

 
 
Maritime Contracts Maritime Standards Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1703 sec (6 req/sec)