Port Vancouver Ventures sells stake in Coast 2000

Friday, August 20, 2004
The Vancouver Port Authority (VPA) announced today Port Vancouver Ventures, a subsidiary of the VPA, has sold its 50 per cent stake in Coast 2000 Terminals, a distribution and logistics corporate partnership, to a subsidiary of Western Stevedoring. Coast 2000 Terminals is a Richmond, B.C.-based exporter and warehouse operator providing container inspection, repair, storage and preparation services. "As a facilitator of trade for Canadians, we are proud to have fostered this niche in transportation logistics by enabling efficient and cost- effective service," said Captain Gordon Houston, President and Chief Executive Officer, Vancouver Port Authority. "Western Stevedoring is an excellent company with a well established reputation in the maritime industry." Coast 2000 operates an 11-acre container yard, a barge ramp and a 260,000 square foot warehouse with cross-dock and 14 rail doors. With this sale, the senior management at Coast 2000 will retain an interest in the company and have full responsibility for the management of the operations. "Containerization of cargo is an increasing trend in the shipping world. This acquisition is a strategic investment to capitalize on this growth area," said Tim Chapman, President, Western Stevedoring.
Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

Liebherr to Debut 5-Axle Mobile Crane

Liebherr will be showing its new 160-tonne mobile crane LTM 1160-5.2 at the Intermat 2015 in Paris, France. This crane on a five-axle chassis was presented to

Great Lakes Coal Falls Short in 2014

Despite a nearly 1-million ton increase in coal shipments on the Great Lakes in December, the surge was not enough to enable the trade to outperform 2013, the Lake Carriers’ Association (LCA) said,

Indian Ports: Private Vs Government

Rising competition from fast growing private sector ports is forcing government-controlled major ports to re-invent themselves, reports Business Standard. Slowdown

 
 
Maritime Contracts Maritime Standards Naval Architecture Navigation Pipelines Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
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: 0.0978 sec (10 req/sec)