St. Louis Container on Barge Project Moves Forward
Key stakeholders behind the efforts to launch innovative container-on-vessel (COV) service to the Midwest on Firday announced that Hawtex Development Corporation is signing on as the lead developer for a new COV port facility in Jefferson County, Mo. to be developed in collaboration with Fred Weber/Riverview Commerce Park LLC and integrating a 300+ acre adjacent parcel owned by The Doe Run Company. The new port will be a critical link on the new, all-water, north-south trade lane connecting the Midwest and the St. Louis region to the lower Mississippi River and on to worldwide destinations.
Plaquemines Port and APM Terminals Ink Operating Agreement
Plaquemines Port, Harbor and Terminal District (PPHTD) and APM Terminals have announced a Letter of Intent whereby APM Terminals will become the operator of the newly planned Container Terminal and Intermodal Rail Facility and external parties will be the investor in the new port. Plaquemines Port and their financial partners will manage the financial activities associated with the infrastructure development, investment, and ownership of the port.Governor of Louisiana John Bel Edwards applauded the announcement of the agreement.
NY/NJ Welcomes CMA CGM Theodore Roosevelt
The 14,400 TEU capacity CMA CGM Theodore Roosevelt became the largest container ship to call the port of New York and New Jersey when it arrived at the APM Terminals Elizabeth container terminal. The ultra-large container ship also established a new record as the largest vessel to pass under the raised roadbed of the Bayonne Bridge, which now gives air draft clearance to vessels of up to 18,000 TEU capacity. Until recently, container ships calling the Port of New York & New Jersey were mainly of the 5,000-8,000 TEU size class. The previous record for the largest vessel to call at APM Terminals Elizabeth was 9,600 TEUs. A welcoming ceremony was held at the terminal hosted by APM Terminals included leaders from CMA CGM…
APM Could Exit Tacoma
APM Terminals Tacoma has received notification from Matson, Inc., its main customer, that Matson does not intend to renew its current terminal services agreement after its expiration on December 31, 2017. Accordingly, APM Terminals is evaluating all options with respect to its existing terminal lease, which is currently set to expire on December 31, 2017. The terminal, with 12 employees, became part of the Maersk Group portfolio with the acquisition of US-based Sea-Land Service by Maersk Line in 2000. The 600,000 TEU annual throughput capacity facility was used primarily by the Matson Alaska Service, with twice-weekly sailings between Tacoma, Anchorage and Kodiak, and a weekly service between Tacoma and Dutch Harbor, handling approximately 190,000 TEUs in 2016.
APM Terminals Boosts Investment in Port Elizabeth
APM Terminals has significantly increased its previously announced USD $70 million investment plans for the APM Terminals Port Elizabeth facility, and now plans an investment total of USD $200 million. This figure includes ordering four next-generation Ship-To-Shore (STS) cranes to handle ultra-large container ships (ULCS) at North America’s second-busiest port complex. These vessels are expected to start calling the port right after the heightening of the Bayonne Bridge is completed later this year. The heightening of the Bayonne Bridge, combined with the widened Panama Canal allows these ULCS liner services to call and be operated efficiently at the advanced APM Terminals facility.
APM Terminals to invest $70 mln in Port Elizabeth Terminal
The Port of New York and New Jersey is the largest port on the US East Coast and third largest in the United States with 6.37 million TEU handled in 2015. In 2014, The Port Authority of New York and New Jersey committed to a ten year, agency-wide capital investment campaign for transportation infrastructure. Over USD 200 billion in cargo value moves through the port that serves one of the most attractive consumer markets in the United States with a population of 20 million located within three hours of the port. APM Terminals’ Port Elizabeth facility is one of the largest container terminals in the port complex, handling over 2,100 trucks a day, 4000 terminal gate transactions and more than 500 vessel calls per year.
Delaney Joins Portwide as President
Thomas J. Delaney has been named President of Portwide Cargo Securing Co. Inc., which supplies lashing services throughout the Port of New York/New Jersey. The announcement was made by Christopher Guido, owner of Portwide. Most recently, Delaney served as Senior Director, Sales and Marketing for APM Terminals (North America) Inc., out of the Elizabeth, N.J. office. Delaney joined APM Terminals as Vice President, Labor Relations, in 2006. He was involved with matters related to the ILA Master Contract and the implementation of new technology.
APM Terminals to Retain Full Ownership of Elizabeth Facility
APM Terminals announced today that it will not pursue the proposed joint venture for the ownership and operation of APM Terminals’ Elizabeth, New Jersey facility. Eric Sisco, President of APM Terminals North America, stated: “APM Terminals and Brookfield worked closely with the Port Authority of New York/New Jersey to address the needs of each party. Despite the good faith efforts of all involved, a commercially viable solution was not achieved”. APM Terminals will continue to operate its Elizabeth facility under its long-term lease with the Port Authority. “Our Elizabeth terminal is our premier U.S. east coast facility”, commented Sisco. “We have operated in the port since the beginning of containerization and we will continue to operate here for many years to come.”
Horizon Lines Q1 Financial Results
Horizon Lines, Inc. (NYSE:HRZ) reported results for its fiscal first quarter ended March 21, 2010. On a GAAP basis, the first-quarter net loss totaled $13.2 million, or $0.43 per share, on revenue of $286.1 million. This compares with a net loss of $10.0 million, or $0.33 per share on revenue of $272.4 million for the same period a year ago. The adjusted first-quarter 2010 net loss was $12.0 million, or $0.39 per share, after excluding charges totaling $1.2 million pre-tax, or $0.04 per share after tax adjustment, for antitrust-related legal expenses and for a voluntary separation program for certain union employees. The adjusted net loss for the 2009 first quarter totaled $4.7 million…
Horizon Terminal Agreement, Asia Liner Service
Horizon Lines, Inc. (NYSE:HRZ) announced that it has reached a binding Memorandum of Understanding (MOU) with APM Terminals North America (APMT) for a new six-year U.S. terminal services agreement, effective immediately. The prior agreement with APMT was scheduled to expire on December 10, 2010. The MOU applies to stevedoring and terminal services provided to Horizon Lines by APMT in Jacksonville, Fla.; Houston, Texas; Los Angeles, Calif.; Tacoma, Wash. and Elizabeth, N.J., through 2015, with an option to extend for two years. Horizon Lines has the option to exclude the Elizabeth terminal from the agreement if it chooses to serve the Northeast market from a port not located in N.Y. or N.J.
APM Terminals Sweeps 2007 PMA Safety Awards
APM Terminals North America celebrated a clean sweep of the Pacific Maritime Association Safety Awards announced last month. APM Terminals Tacoma, APM Terminals Pier 400 (Los Angeles) and APM Terminals Oakland were each recognized at the 59th Annual PMA Safety Awards celebrations in their respective U.S. West Coast PMA regions. APM Terminals Oakland won First Place in the Class C container group category at the PMA Northern California Area Safety Awads, and also was recognized for achievement in reduction of the Lost Time Rate in 2007. APM Terminals Pier 400 won the First Place Safety Award in the Class “A” Container Terminal Operator category for Los Angeles/Long Beach Harbors.
APM Terminals Sweeps 2007 PMA Safety Awards
APM Terminals North America celebrated a clean sweep of the Pacific Maritime Association Safety Awards announced last month. APM Terminals Tacoma, APM Terminals Pier 400 (Los Angeles) and APM Terminals Oakland were each recognized at the 59th Annual PMA Safety Awards celebrations in their respective U.S. West Coast PMA regions. APM Terminals Oakland won First Place in the Class C container group category at the PMA Northern California Area Safety Awads, and also was recognized for achievement in reduction of the Lost Time Rate in 2007. APM Terminals Pier 400 won the First Place Safety Award in the Class “A” Container Terminal Operator category for Los Angeles/Long Beach Harbors.
New Va. Container Terminal to Prepare Mid-Atlantic Region for Growth
APM Terminals North America Inc. announced plans to build a container terminal located on the Elizabeth River in Portsmouth, Virginia. Dredging is expected to start later this year, and construction of the terminal is expected to be completed in 2007. The facility will feature 4000 ft. (1219 meters) of deepwater berth space (four times the current amount), and serve as a Mid-Atlantic platform for future growth. Many high profile international companies have significant operations in the region and others are actively eyeing major distribution centers for the future. The amount of cargo through Hampton Roads is expected to at least double by 2020, in part due to the area’s attraction as a major distribution center.
News: Massive VA Terminal Project to Bring Work
APM Terminals North America Inc. announced plans to build a container terminal located on the Elizabeth River in Portsmouth, Va. Dredging is expected to start later this year, and construction of the terminal is expected to be completed in 2007. The facility will feature 4,000 ft. of deepwater berth space (four times the current amount), and serve as a Mid-Atlantic platform for future growth. Many high profile international companies have significant operations in the region and others are actively eyeing major distribution centers for the future. The amount of cargo through Hampton Roads is expected to at least double by 2020, in part due to the area's attraction as a major distribution center.