Intermodal Private Port Terminal on JLL's Books

MarineLink.com
Monday, August 26, 2013
Shipyard Creek area: Image courtesy of JLL

Jones Lang LaSalle is to market Macalloy Port Terminal in Charleston, SC for private investors and operators.

The privately-owned, 115-acre Macalloy Intermodal Terminal in North Charleston is being developed to complement South Carolina’s port system, including the adjacent future Navy Base terminal currently being developed and operated by the SCSPA.  Macalloy Terminal offers bulk material maritime solutions and is designed for mixed-use purposes, including break-bulk, RO/RO, manufacturing, general cargo and raw material handling.

“The Macalloy terminal represents an extraordinary opportunity for leading maritime interests to become vested in the next generation of U.S. port infrastructure,” said Rich Thompson, Managing Director and Head of JLL’s Port, Airport and Global Infrastructure (PAGI) group. “As well as supporting the state’s existing terminal system, it will provide additional rail/intermodal solutions that benefit shipping interests in the Charleston Harbor.”

Macalloy is located in the industrial hub of North Charleston, S.C. on Shipyard Creek, an optimal maritime location less than two miles from the sea buoy. The site boasts direct access to both rail and roadway arteries and has direct access to international shipping lanes.

“Macalloy as well as other terminals will help restore Charleston’s historic position as a dominant maritime destination by taking advantage of its natural deep water, open ocean access, dual rail connection and reputation for service excellence,” said JLL’s Steve Grable, who is leading the marketing efforts on behalf of the terminal’s owner, Shipyard Creek Associates LLC.

“The tidal lift in Charleston is between five and six feet, which ensures the larger post-panamax vessels can already access the Port of Charleston, making it a key resource for both domestic and international industrial ships,” Grable continued. “This alone will help preserve Charleston’s competitive position in the wake of the Panama Canal expansion.”

JLL is serving as development and investment advisor to the owners of Shipyard Creek Ocean Terminals, which includes Macalloy. JLL is working with world leaders in infrastructure investment, terminal operations and marine development to evaluate opportunities regarding operating or investing in the Macalloy terminal. The development is scheduled to be completed in 2014.
 

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

People & Company News

U.S. Marshalls Ordered to Seize Kurdish Oil Cargo off Texas

Acting on a request from the central government in Iraq, a U.S. judge has signed an order telling the U.S. Marshals Service to seize a cargo of oil from Iraqi Kurdistan

Diana Containerships Q2 & 1H 2014 Financial Results

Greece-based Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, has reported net income of $0.6 million for the second quarter of 2014,

Mercator Lines Profit Hit by Low Bulk Freight Rate

Mercator Lines (Singapore) reported a revenue of US$ 16.5 million for Q1 2015, an increase of 19% as compared to correspoding period in the previous previous year, however a net loss of US$ 7.

Contracts

Diana Containerships Q2 & 1H 2014 Financial Results

Greece-based Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, has reported net income of $0.6 million for the second quarter of 2014,

China Shipyards Bag the Week's Ocean-going Newbuild Orders

Reported ordering this week has been exclusively focussed on the Chinese yards, says Clarkson Hellas in their latest 'S&P Weekly Bulletin'. Dry bulk carriers COSCO

Scorpio Tankers Report Q2, 1H 2014 Profit Slip

Scorpio Tankers Inc. has reported its results for the three and six months ended June 30, 2014. Highlights excerpted here as follows: Results for the three months ended June 30,

Ports

Marseilles Fos Reports Mixed First Half

First-half container traffic at leading French port Marseilles Fos totalled 583,287 teu – up 7% on the first six months last year - marked by a 10% increase at the deepsea Fos terminals.

GPA Sets Tonnage Record

The Georgia Ports Authority moved more than 29 million tons of cargo, 3 million twenty-foot equivalent container units (TEUs) and more than 700,000 auto and machinery units in Fiscal Year 2014.

Location of New Port Expansion Projects: Analysis

When it comes to port development, many governments now favour letting the market decide where expansion should take place, whereas most other transport infrastructure,

Finance

Diana Containerships Q2 & 1H 2014 Financial Results

Greece-based Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, has reported net income of $0.6 million for the second quarter of 2014,

Mercator Lines Profit Hit by Low Bulk Freight Rate

Mercator Lines (Singapore) reported a revenue of US$ 16.5 million for Q1 2015, an increase of 19% as compared to correspoding period in the previous previous year, however a net loss of US$ 7.

China Shipyards Bag the Week's Ocean-going Newbuild Orders

Reported ordering this week has been exclusively focussed on the Chinese yards, says Clarkson Hellas in their latest 'S&P Weekly Bulletin'. Dry bulk carriers COSCO

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Salvage Ship Repair Shipbuilding / Vessel Construction 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: 0.2063 sec (5 req/sec)