Marine Link
Thursday, March 28, 2024
SUBSCRIBE

Terminal Investment Limited News

20 Dec 2023

$73.77 Million Grant a Boost for Port NOLA & Inland Waterway Shipping

(Image: Port NOLA)

The Port of New Orleans (Port NOLA) will receive $73.77 million from the federal government to assist in building the Louisiana International Terminal (LIT) project, which will provide a gateway for cargo movement on U.S. inland waterways including the Mississippi River.The U.S. Department of Transportation has alerted Congress that it intends to award this funding through its MEGA Grant Program, which will support the first phase of the overall $1.8 billion project’s construction and is in addition to significant funding commitments from private industry partners and Port NOLA.

15 May 2023

APM Terminals to Invest $1 Billion in Brazilian Terminals by 2026

(Photo: APM Terminals)

Maersk's APM Terminals has pledged a €962 million (US$1 billion) investment in its Brazilian operations up to 2026.This figure includes a €296 million of a total €483 million investment exclusively for the Phase One development of a new terminal in Suape. The terminal, located in Estaleiro Atlântico Sul, is in the final stages of acquisition and will rejuvenate infrastructure and increase competition in the port.APM Terminals has committed an additional €666 million of investment to the company’s four other terminals and inland depots, by 2026.

12 Dec 2022

Louisiana Announces $1.8 Billion Port Expansion Project

The new Louisiana International Terminal in St. Bernard Parish will be able to serve vessels of all sizes, dramatically increasing the state's import and export capacity. (Photo: LED)

A public-private partnership between the state of Louisiana, the Port of New Orleans and two global maritime industry leaders will build a $1.8 billion container facility on the Lower Mississippi River, Gov. John Bel Edwards announced.The new Louisiana International Terminal (LIT) in St. Bernard Parish will be able to serve vessels of all sizes, increasing Louisiana’s import and export capacity and stimulating the creation of more than 17,000 new jobs statewide by 2050, Port NOLA estimates.New Jersey-based Ports America…

02 Sep 2021

Israel Opens Chinese-operated Port in Haifa

© Arie / Adobe Stock

Israel has opened a new shipping port along its Mediterranean coast that will bring much needed competition to a sector plagued by delays and boost the country's standing as a regional trade hub.The 5.5 billion shekel ($1.7 billion) Bay Port at Haifa, which will be operated by Shanghai International Port Group (SIPG), will enable larger classes of cargo ships, carrying 18,000 containers or more, to dock in Israel.The country is selling its state-owned ports and building new private docks in an effort bring down costs and cut above-average wait times for vessels to unload.

28 Jul 2021

Medcenter Container Terminal Orders 12 Straddle Carriers from Kalmar

Credit:francescocimato/AdobeStock

Kalmar, part of Cargotec, has received an order of 12 diesel-electric straddle carriers from Medcenter Container Terminal (MCT) in Italy.Located in the southern Italian port of Gioia Tauro, MCT,  owned and operated by Terminal Investment Limited (TIL), is a mega port able to handle the largest container vessels deployed on Asia-Mediterranean routes.The terminal has handled more than 56 million TEUs since it opened in September 1995. In January 2020, Kalmar delivered the 200th Kalmar straddle carrier to the terminal.

04 Dec 2019

Mega Cranes Arrive in Liverpool

Three ‘megamax’ quayside ship-to-shore (STS) cranes sailed up the River Mersey, destined for the Liverpool2 container terminal, UK, completing the final stage of their voyage from China.The cranes are part of work on the second phase of the Liverpool2 project to provide additional capacity for growing volumes of cargo.Their arrival follows Peel Ports announcing a record-breaking month for its container operations at the Port of Liverpool. Quayside and landside throughput in October at exceeded all previous figures on record with year on year growth of 12%.Mark Whitworth, Chief Executive Officer of Peel Ports, said: “An increasing number of businesses are understanding that it makes more sense to ship products closer to their end destinations.

22 Aug 2018

Konecranes to Install Container Cranes in Lithuania

JSSC Klaipedos Smelte in the Port of Klaipeda, Lithuania, has placed a large repeat order with Konecranes for ten Rubber Tired Gantry (RTG) cranes and two Ship-to-Shore (STS) cranes.The delivery of the RTG cranes will be completed in November 2019 and the STS cranes in December 2019. The parties have agreed not to disclose the value of the order.In August 2018 Konecranes signed a contract with JSSC Klaipedos Smelte in the Port of Klaipeda, Lithuania, for the supply of ten Konecranes RTG cranes and two Konecranes STS cranes.JSSC Klaipedos Smelte already operates seven Konecranes RTGs and three Konecranes STSs, and they are very pleased with the high productivity and reliability of the cranes.

12 Feb 2018

Ammar Kanaan Appointed CEO of Terminal Investment by MSC

The shipowning group Mediterranean Shipping Company (MSC) has appointed Ammar Kanaan as Chief Executive Officer of its cargo container terminals arm Terminal Investment Limited (TiL). TIL directly manages or crosses 53 container terminals in ports of five continents. As the founder and Chairman of International Port Management, Ammar Kanaan brings a wealth of expertise and 30 years’ experience in the transport and port sectors. He has built companies focused on port management, transport engineering and transport consulting and also led the development and operations of MSC’s joint venture terminal in King Abdullah Port, Saudi Arabia. He holds a Master in Science in Transportation degree from Massachusetts Institute of Technology (MIT).

10 Aug 2017

ICHCA Community on Global Cargo Chain Saftey

The leading NGO for the global cargo handling industry ICHCA will use its 65th anniversary conference in October to tackle risks to the cyber and physical security of the global cargo chain, said a press statement. Following the Petya attack in June, one of the biggest cyber-attacks ever experienced in global shipping which crippled A.P. Moller-Maersk’s computer systems worldwide for 5 days, the need to protect against both cyber and physical threats to critical maritime infrastructures has been topmost on the minds of many in the cargo handling industry. Responding to this, ICHCA International, the voice of global cargo handling, has picked issues surrounding security as one of five key areas for focused discussions at its 65th anniversary event which takes place in Las Palmas…

10 Feb 2017

Port Traffic Surges at Long Beach

Renewed activity at the Port of Long Beach’s largest terminal and extra ships calling ahead of the Lunar New Year pushed cargo 8.7 percent higher in January compared to the same month a year ago. Dockworkers moved 582,689 twenty-foot equivalent units (TEUs) last month. Exports were strong, jumping 10.8 percent year-over-year to 118,234 containers. Imports increased 7.4 percent to 298,990 TEUs, while empties sent back to the Far East rose 9.6 percent to 165,465. Growth at terminals was led by the Port’s Pier T terminal, operated by Total Terminals International (TTI). The terminal is now controlled by Terminal Investment Limited (TIL), a subsidiary of Mediterranean Shipping Co. (MSC), the world’s second-largest ocean carrier.

30 Dec 2016

Hanjin Sells Operations at Port of Seattle

Bankrupt South Korean shipping company Hanjin will sell its operations of the Port of Seattle’s Terminal 46 to Switzerland-based Mediterranean Shipping COmpany (MSC) subsidiary Terminal Investment Limited (TIL), reports AP. The Seattle Times reports Hanjin will sell its majority stake in the terminal operating companies at the Seattle and Long Beach ports for $78 million. Hanjin Shipping filed for bankruptcy protection at the end of August, worrying local retailers about the fate of their cargo. Hanjin had been delivering about three major shipments per week to the Port - nearly one-third of the traffic at Terminal 46 - and owned the company that operated the terminal.

23 Dec 2016

Long Beach Approves MSC's Bid for Hanjin Terminal

The Port of Long Beach’s Harbor Commission on Wednesday approved an agreement to replace the bankrupt operator of its largest cargo terminal. The Long Beach Board of Harbor Commissioners greenlighted the move by a subsidiary of Mediterranean Shipping Co. (MSC) to take over sole control of the long-term lease of the port’s 381-acre Pier T container terminal from from Hanjin Shipping, a South Korean ocean carrier that declared bankruptcy on August 31. Previously, MSC held a minority stake in the lease for Pier T, where more than a quarter of the Port’s container cargo is moved. The Harbor Commission’s new agreement with MSC subsidiary Terminal Investment Limited (TIL) also guarantees the accelerated installation of ship-to-shore cranes capable of handling the world’s biggest container ships.

21 Dec 2016

Long Beach Weighs Offer for Hanjin Terminal

Photo: Port of Long Beach

The Long Beach Board of Harbor Commissioners will consider a proposal by a terminal investor to take over a majority stake in a long-term lease to operate the largest container terminal in the Port of Long Beach. If approved, the pact could bring in business to replace the cargo volume lost at Long Beach’s Pier T when South Korea’s Hanjin Shipping declared bankruptcy in August. Terminal Investment Limited (TIL), a subsidiary of the Mediterranean Shipping Co. (MSC), earlier this week announced it had signed an agreement to purchase Hanjin Shipping’s stake in the terminal operator at Pier T.

27 Oct 2016

Fitch: US Ports Exposed to Shippers via Terminal Operators

File photo: Hanjin Shipping

Hanjin Shipping's and Outer Harbor Terminal's (OHT) bankruptcies this year have raised questions about the legal separation of joint venture terminal operators that are often lease counterparties for U.S. ports, Fitch Ratings says. These events highlight potential risks that must be balanced against the benefits of ports signing lease or concession agreements. Global carrier Hanjin's bankruptcy has exposed the possibility that terminal operating companies, which are often structured as joint ventures (JVs) between shipping counterparties or private equity firms…

18 Feb 2016

Santos Port Sets Productivity Record

Brasil Terminal Portuário (BTP), began the New Year with the establishment of two new productivity records. On February 10th while working the 6328 TEU capacity MSC Geneva, 206 moves per hour (MPH) were achieved while handling 1,980 containers, representing 44 crane moves per hour (MPH), surpassing the previous record of 35 crane MPH set in January. A joint venture between APM Terminals and Terminal Investment Limited (TIL), BTP began operations in November 2013, and handled 1.14 million TEUs in 2015, growing its  volume by 35% over 2014 levels in its first full-year of operation, to become the largest container terminal at the Port of Santos. Santos is South America’s busiest container port, with over 3.7 million TEUs handled in 2015.

12 Feb 2016

Adani Ports Income Up by 15%

Adani Ports and Special Economic Zone Limited (“APSEZ”), India’s largest port developer and part of Adani Group, today announced the financial results for the quarter and nine months ended December 31, 2015. Consolidated total income including other income increased by 15% to Rs.5,779 crores in 9MFY16 as compared to Rs.5,006 crores in the corresponding period last year and the consolidated EBIDTA excluding other income increased by 22% to Rs.3,421 crores in the current nine months as compared to Rs.2,806 crores in corresponding period last year. Consolidated total income increased by 11 % to Rs.1,896 crores in Q3FY16 as compared to Rs.1,704 crores in the corresponding period last year and the consolidated EBIDTA excluding other income increased by 15% to Rs.

27 Jul 2015

BTP Handles Millionth Container

Photo: APM Terminals

Brasil Terminal Portuário (BTP), Brazil’s newest container terminal in the Port of Santos, has reached a number of important milestones. The facility, a joint venture between APM Terminals and Terminal Investment Limited, has handled container number 1 million, discharged on its quay from vessel number 1,000 to berth at its facility on Friday, July 24. This was achieved 20 months after operations officially began at this terminal. Authorities and executives of BTP together watched the offloading of the container from MSC Agrigento…

27 Jul 2015

Important Milestones for BTP

The facility, a joint venture between APM Terminals and Terminal Investment Limited, has handled container number 1 million, discharged on its quay from vessel no. 1000 to berth at its facility on Friday, 24 July. This was achieved only one year and eight months after operations officially began at this terminal. Authorities and executives of BTP together watched the offloading of the container from MSC Agrigento, a vessel on the Ipanema service, arriving from Durban, South Africa. This milestone follows a number of other impressive achievements in terms of operational performance. BTP’s highest monthly average productivity per crane was achieved in May, with 34.11 moves per hour on the ship-to-shore cranes.

03 Oct 2014

Diego Aponte is New President & CEO of MSC

MSC Mediterranean Shipping Company SA announces the appointment of Mr. Diego Aponte as President and CEO. "It is important that we keep looking forward and that we prepare the company for the future," said Mr. Gianluigi Aponte, founder of MSC. "The Board and I firmly believe that Diego, supported by his senior management, will deliver continued success for MSC and its customers. We already have a number of projects underway which will help improve our overall service offering to clients, whilst improving our efficiencies. It is an exciting time for MSC. Since joining MSC in 1997, Diego has worked in various functions across the business including Line Management where he managed all aspects of the trade.

03 Jun 2014

Mega-Containerships Trigger Terminal Shake-ups

Bigger container ships are resulting in much greater peaks in container terminal activity, which together with the ever larger combined volumes of bigger alliances, demands fewer, larger terminals in each port. Terminal operators are reacting by consolidating terminal layouts and ownership – and by working more closely together – but what are the consequences for their customers? Drewry Maritime Research discuss in this extract from their latest 'Container Insight Weekly'. A recent visit to the Eurogate terminal in Hamburg by China Shipping’s post-Panamax vessel CSCL Le Havre involved an exchange of 11,600 teu, illustrating the sheer scale of volumes per call that terminals increasingly have to deal with. The vessel is shared with CMA CGM and UASC.

12 May 2014

MSC transfers activities in port of Antwerp to Deurganck dock

The MSC shipping company is to consolidate all its activities in the port of Antwerp in the Deurganck dock, on the left bank of the Scheldt. The Port Authority board of directors gave the go-ahead for the move on Monday evening. The transfer is necessary in order to permit further expansion by MSC in Antwerp. The shipping company announced at the end of last year that it wished to have a new location below the locks, not only because its present site in the Delwaide dock had reached saturation point but also because of the increasing size of the ships being introduced. The Deurganck dock was the obvious choice, as it is already used by the other members of the P3 alliance of which MSC forms part, and furthermore the alliance plans to make even greater use of it in future.

07 May 2014

Desert Ports for Ocean Carriers: New Analysis

ICTSI’s announcement earlier this month that it is investing over $130m in a long term deal with Iraq’s Port Authority to operate and enhance container handling capacity at Umm Qasr illustrates the opportunities ahead for ocean carriers, says Drewry's 'Container Insight Weekly'. Investment by major terminal operators in Umm Qasr shows growing confidence in Iraq’s container growth potential, whilst sanctions continue to bite in neighbouring Iran. Iraq’s sole container port already saw volumes jump by more than 65% in 2013, up to 570,000 teu. Admittedly this is from a relatively low base but it remains impressive growth and suggests that the country’s cargo base is expanding from military cargoes and construction materials to consumer goods and manufactured items.

17 Jun 2013

Yet More Consolidation Proposed in Russia

Ownership of selected container terminals in the Eastern Baltic (Drewry)

The prospect of Russia’s two largest container terminal operators joining forces has raised concerns over the dominant position that the combined enterprise would enjoy were the deal to be agreed. Global Ports Investments (GPI), one of the two largest players in the Russian container port market, is investigating the acquisition of a controlling stake in National Container Company (NCC), the other dominant player in the Russian market. The prospect of Russia’s two largest container…