Port Everglades' New Intermodal Project

Press Release
Thursday, January 17, 2013
Port Everglades container terminals: Photo credit Port Everglades

Governor Scott breaks ground on Port Everglades' intermodal container transfer facility.

The new facility will combine an on-port international and domestic cargo rail facility. Florida East Coast Railway is investing $53 million to build and will operate the ICTF. Broward County's Port Everglades Department, which is a self-supporting Enterprise Fund that does not rely on local tax dollars, contributed 42.5 acres of land for the ICTF which is valued at $19 million.

The new Intermodal Container Transfer Facility (ICTF) at the Port will lead the way for Florida to attract new international business to the state through its seaports and support the creation of an estimated 135,000 jobs for Florida families. The announcement comes on the heels of the Governor’'s commitment earlier this week for $36 million of state funding for JAXPORT.

In addition, the Governor also committed $13 million to begin work on the Southport Turning Notch Extension project which will add more dock space for Port Everglades.

Florida East Coast Railway’s new 42.5-acre near-dock ICTF will facilitate containerized cargo transfer through the Port to/from the FEC main line by mid-2014.  The facility will be unique compared to similar facilities at other ports in that both domestic and international cargo will be handled at the site, which will result in the advantageous transfer for Port Everglades customers and local companies.

Florida East Coast Railway (FEC) Chief Executive Officer Jim Hertwig said, “The new ICTF will allow the FEC to efficiently and effectively deliver superior transportation service between South Florida and the Southeastern United States. Upon completion, this new facility enables South Florida to be in a competitive position for additional freight and jobs. This facility will be able to handle the additional cargo of larger ships that are coming out of Europe today and when the Panama Canal expansion is complete and beyond.”
 


 


Contracts

BP, ExxonMobil, ConocoPhillips 'Quit' Alaska LNG Project

BP, Conoco Phillips, and Exxon Mobil said that the 65-billion dollar megaproject would be too unprofitable for them to move into the next phase of development.

C-Job Designs Flettner Freighter for Switijnk

The Dutch shipping company family Switijnk has contracted C-Job Naval Architects to develop a Rotor Sail-equipped design to meet their specific loading and sailing profile.

Yangzijiang Shipbuilding to Slash 2,000 More Jobs

Chinese shipbuilder Yangzijiang Shipbuilding Holdings Ltd said it plans to cut 2,000 additional jobs, just under 10 percent of its current workforce, stepping up

Ports

Indian Warships Visit Port Victoria

In a demonstration of India’s commitment to its ties with Seychelles and maritime security in the Indian Ocean Region, Indian Naval Ships Kolkata, Trikand and

Vitol's Malaysia Terminal Suspends Ops after Spill

VTTI, the storage unit of world's largest oil trader Vitol, has suspended operations at its terminal in southern Malaysia following an oil spill, two industry sources said on Friday.

Shenzhen Port to Adopt China ECA Regulation

China's Shenzhen port is set to to adopt requirements for ships at berth requiring to burn marine fuel with sulfur content not exceeding 0.5 percent starting October this year,

Intermodal

Rickmers Holding, E.R. Capital Drop Merger Plan

Rickmers Holding AG and E.R. Capital Holding have jointly decided not to pursue the merger of their ship management activities.   For many years the companies

Hapag-Lloyd: UASC Merger Benefits to show in 2017

German container shipping line Hapag-Lloyd expects to reap a third of targeted annual synergies of $400 million from the planned merger with Arab rival UASC already next year,

China COSCO Falls to H1 Net Loss

China COSCO Holdings Co Ltd fell to a first-half loss hurt by a persistent slump in the global container market, the world's fourth largest container shipper said on Thursday.

 
 
Maritime Contracts Maritime Security Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | 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: 0.0816 sec (12 req/sec)