Aarhus Terminals Forecasts Record Volumes
The international container terminal operating company headquartered in The Hague, APM Terminals said that its terminal at Aarhus, Denmark has broken records for reefer volumes, despite murmurings of global downturns. The company attributes it’s growing reefer business to its flexible approach.The latest figures for the terminal, August year-to-date (YTD), show an increase of more than 4% in reefer volumes compared to the same period in 2018. Helle Almind, Head of Commercial for APM Terminals sees signs of the trend continuing, with an extremely strong start to September, and higher volumes forecast until the end of the year.This month the terminal also beat its existing record for the number of reefers loaded onto one service.
Kito Americas Acquires Peerless Industrial
Kito Americas, Inc. announced today that the company has entered into a stock purchase agreement to acquire Peerless Industrial Group from Westview Capital Partners II, L. P. by purchasing all the shares of Peerless Industrial Group, Inc. The share transfer of Peerless shall be executed subject to the terms and conditions in the Stock Purchase Agreement. Kito Americas, Inc. currently operates Harrington Hoists, Inc. and Kito Canada (KCI) businesses in North America and is the largest subsidiary of the Kito Corporation of Japan. Kito is listed on the Tokyo Stock exchange (TSE1) under the stock ticker 6409. Kito Americas will, by combining with Peerless, expand its product to better serve its customer segments around the world and strengthen its North American business.
CMP Global Rebrands Marine Chains
To better reflect the strength and diversity of its chain products, CMP Global has rebranded it as Titan Marine Chain. Known for their strength and power, Titans were a centerpiece of Greek creation myths. CMP Global has also expanded the product line with stainless steel chain. CMP offers a range of windlass, anchor, mooring and general purpose chain, all proof-tested and calibrated to exacting standards. Titan Marine chain is embossed with the CMP stamp, which ensures it meets or exceeds certification requirements. It is the only chain on the market with such quality assurance measures. The company's new 316L stainless steel chain is calibrated for windlass use. Manufactured in an ISO-9001 quality-assured facility, it's available in 6mm and 8mm links, with more sizes available soon.
