Gt Usa News

Gulftainer, the world’s largest privately-owned independent port operator and logistics company based in the United Arab Emirates, finalized a 50-year concession agreement with the state of Delaware to operate and develop the Port of Wilmington, significantly expanding the company’s global footprint and reach.The agreement, signed by Gulftainer’s subsidiary GT USA, will see an expected investment of up to $600 million in the port to upgrade and expand the terminal and to turn it into one of the largest facilities of its kind on the Eastern Seaboard.The port deal represents the largest operation ever run by a UAE company in the United States, as well as the largest investment ever by a private UAE company in the country.At a public signing ceremony held in Wilmington, Gov.

GT USA welcomed to the Canaveral Cargo Terminal (CCT) the M.V. Seatrade Red on its maiden call to the United States. The 607-foot M.V. Seatrade Red, a specialized reefer container vessel with a capacity of 2,259 TEUs and 674 reefer plugs, was built at China’s Yangfan Shipyard and officially launched in May 2016 as one of Seatrade Group’s four new Colour Class vessels. On November 20, Joe Cruise, commercial manager of GT USA; and Alberto Cabrera, senior director, Cargo Sales, Canaveral Port Authority marked the vessel call by presenting commemorative plaques to Captain S. Poryadin of the M.V.

GT USA’s Canaveral Cargo Terminal (CCT) incurred minimal damage during Hurricane Matthew and is fully operational, the result of advance storm preparation and facility planning by GT USA in partnership with Canaveral Port Authority. The Canaveral Cargo Terminal resumed full operations, which included working the container cargo vessel M/V MAX WONDER for StreamLines, N.V.’s Blue Stream service. The service ships refrigerated and dry cargo between Port Canaveral, Europe, the French West Indies and Central America. “Though Hurricane Matthew packed quite a punch in Port Canaveral, the hard work of the Emergency Response Team, Brevard County Sheriff’s Department, U.S.

GT USA, operators of Canaveral Cargo Terminal, has expanded its supply chain capabilities to serve shipping lines, along with domestic customers, with the addition of more than 40,000 square feet of covered storage now available at the Marlin Street Warehouse at Port Canaveral. The facility serves as a secure location for general warehousing, providing a full range of logistics services, including trucking, cross docking, storage and inventory control and last mile distribution.

GT USA, the US arm of UAE-based global ports and logistics company Gulftainer, announced the new ‘Blue Stream Service’, a weekly container cargo service connecting Port Canaveral to Europe, the French West Indies, and Central America. Blue Stream Service, operated by StreamLines, part of the SeaTrade Group, will provide refrigerated and dry container service to and from GT USA’s Canaveral Cargo Terminal, with a focus on fresh produce and perishable cargo. The Blue Stream Service will feature five ships with 1,300 TEU capacity and 250 reefer plugs on a weekly rotation. The new line will serve Central America to Port Canaveral in just three days and will offer the fastest transit time between Florida and Europe, just 11 days.

The Canaveral Port Authority welcomes the start of StreamLine’s Blue Stream weekly liner service at its new Canaveral Cargo Terminal, which GT USA manages and operates. The service adds Port Canaveral to this valued trade route that includes Central America, Europe and the Caribbean. The first call at Canaveral is scheduled for January 31, 2016 with the arrival of the M/V Norderoog. StreamLines N.V. part of the Seatrade Group, is a container line providing refrigerated and dry container service specializing in fresh produce and perishables.

Sharjah-based ports operator Gulftainer has opened Canaveral Cargo Terminal at Port Canaveral in Florida in the US for business. Gulftainer, a subsidiary of UAE-based conglomerate Crescent Enterprises, said the opening comes one year after Canaveral Port Authority signed a 35-year agreement with GT USA, the US arm of Gulftainer, to operate and further develop the container and multipurpose cargo terminal. The opening comes one year after Canaveral Port Authority signed a 35-year agreement with GT USA, the US arm of UAE-based global ports and logistics company Gulftainer, to operate and further develop the container and multipurpose cargo terminal.

Moody’s Investors Service has upgraded Canaveral Port Authority’s $30.2 million in outstanding revenue bonds to A2 from A3 and rated its financial outlook stable. The upgrade was attributed to low leverage, cruise growth, stable finances and proactive capital plan management. Port Canaveral’s five-year capital plan totals nearly $600 million, which will be financed with a combination of grants, matching funds, cash flow and unrestricted cash balances. The major current project is a new cruise terminal for Royal Caribbean, which is paying half of the $105 million total cost.

Canaveral Port Authority will utilize the $1.6 million awarded from 2014 Port Security Grant Funding for a new port-wide cyber-security program, software that integrates existing security systems and resources into a single uniformed platform and CCTV expansion into new cargo facilities. With $225,000 of the funding, the Port Authority will initiate a phased comprehensive plan to assess, develop and implement a Port-wide cyber security program. Phase one will include identifying needed resources, including personnel, equipment and software. The Port Authority will utilize $728,438 toward deployment of Maritime Situation Awareness and Response software.

On June 23, Port Canaveral signed a 35-year agreement with GT USA, the United States business arm of international terminal operator Gulftainer, to operate and develop its container and multi-purpose cargo terminal. The terminal is set to open in the last quarter of 2014. The partnership with Port Canaveral is Gulftainer’s first entry into the U.S. market. Currently the largest privately owned terminal manager in the world, the 38-year-old company is expanding its global portfolio with the goal of becoming one of the top six global terminal operators by 2020. According to Peter Richards, Gulftainer’s Managing Director, Port Canaveral was selected because of its ample space…