Til News

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.

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.

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…

The dispute between Brazilian port operators and global shipping giants Maersk and MSC is expected to escalate in the coming weeks, according to Brazilian newspaper Valor.Local port terminal operators, through their industry group ABTP, are trying to prevent Maersk and MSC from participating in an auction to operate terminal 10 in Latin America's largest port, Santos port, near Brazil's financial capital, Sao Paulo.Maersk and MSC already operate terminals in Brazil.

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.

Soren Toft started his new role as CEO at MSC Mediterranean Shipping Company on December 2, 2020, reporting to Diego Aponte, MSC Group President, and Gianluigi Aponte, Founder and MSC Group Chairman.Toft will oversees MSC’s global cargo businesses including ocean liner and logistics. He will also be a member of the board of directors of Terminal Investment Ltd (TiL), the terminals business which is majority-owned by MSC.Soren Toft joins MSC from Maersk, where he served as COO since 2013 and later as a Member of the Executive Board.“With his 25 years of experience in leadership roles at Maersk…

Damen Shipyards Group has delivered a newly built harbor tug to Con.Tug in Italy. The vessel, named Gioia Star, will operate in Gioia Tauro, one of the most important transhipment ports in the Mediterranean.Con.Tug – a joint venture between Scafi and TIL – ordered the new tug from Damen in January. The speed of the delivery has been facilitated by Damen’s practice of building standardized vessels in series and keeping them in stock, ready for order.Though a standard ASD Tug 2813 model…

Kalmar, the provider of cargo-handling solutions and services to ports and terminals,  is delivering two rubber-tyred gantry cranes (RTGs) with hybrid drivelines for Exolgan S.A. container terminal in Buenos Aires, Argentina.The order that follows the delivery of four hybrid RTGs to the terminal this December, was booked in Cargotec's 2019 Q4 order intake with delivery scheduled to take place in late 2020, said a press release from the unit of Cargotec.The Exolgan terminal in Buenos Aires is a container-handling port terminal with strategic road, rail and river transport connections. Exolgan Container Terminal is owned by International Trade Logistics (ITL)…

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.

The outlook for global container port demand is modest growth and numerous uncertainties, but in the face of this, capacity expansion plans are also muted, said the global shipping consultancy Drewry."This means that most world regions will see an increase in average terminal utilisation," said Drewry in its Global Container Terminal Operators Annual Review and Forecast 2019.Drewry’s container port demand forecast for the next five years is for global growth of 4.4% per annum on average, lifting world container port throughput from 784 million teu in 2018 to 973 million teu by 2023, an absolute increase of almost 190 million teu.The…

MSC Mediterranean Shipping Company, the world's second-largest shipping line in terms of container vessel capacity, SA announced that it is increasing its majority stake in the container terminal operator Terminal Investment Ltd (TiL) to 60%, following a deal with Global Infrastructure Partners (GIP) and other co-investors.MSC also welcomes a new partner to the shareholding of TiL after Global Investment Corporation (GIP), a Singaporean Sovereign Wealth Fund, acquired a 10% stake in TiL from GIP and other existing co-investors.New York-based GIP, a leading global, independent infrastructure fund manager, remains a significant shareholder.TiL…

Medcenter Container Terminal SpA (MCT), which operates a major transshipment hub for the Mediterranean region, has placed an order for 32 diesel-electric straddle carriers. The delivery of all machines scheduled to be completed by the end of Q4 2019. MCT is located in the southern Italian port of Gioia Tauro, a mega-port able to handle the largest vessels deployed on the Asia-Mediterranean routes.The terminal has handled more than 50 million TEU since it began operations in September 1995, with an annual handling capacity of 4.2 million TEU. In total, Kalmar has delivered 164 straddle carriers to MCT since the terminal was opened. The Kalmar Straddle Carrier is driven by a highly efficient diesel-electric power unit and offers excellent manoeuvrability…

Contship Italia SpA has sold its 50 percent share in the southern Italian port of Gioia Tauro, which includes the Medcenter Container Terminal (MCT).A press release said: "Contship, a fully controlled subsidiary of Terminal Investment Ltd (TIL) have executed a share purchase agreement concerning the sale of 50% of CSM Italia Gate S.p.A., the company which owns 100% of MCT."MCT is the concessionaire of the container terminal activities in the port of Gioia Tauro and TIL already owned 50% of CSM Italia Gate S.p.A.The parties involved are not disclosing terms. Regulatory approvals are still pending.At closing, TIL will own 100% of CSM Italia Gate S.p.A. and will indirectly control all the shares of MCT.Contship Italia S.p.A.

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.

Israeli dockworkers on Sunday ended a three-day strike that had shut down the country's two main seaports after a court ordered them back to work.Officials at the Mediterranean ports of Ashdod and Haifa said operations had resumed and that cargo ships were once again being unloaded.The workers had protested against the creation of competing foreign-run docks.The government, frustrated by labour disputes that have disrupted Israel’s trade arteries for years, gave the green light in 2013 to build new terminals next to the state-run ports of Ashdod and Haifa.Union leaders have been negotiating wi

Striking workers shut down Israel's two main ports, leaving dozens of cargo ships stranded on Thursday in protest against the creation of competing foreign-run docks.At least 17 ships were waiting to unload at Ashdod port, with another 14 lined up to come in.

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.

A unit of Swiss shipping group MSC has bought a stake in U.S. ports operator Total Terminals International (TTI) from Hanjin, MSC said on Wednesday, having overcome objections from the South Korean line's U.S. creditors. Privately owned MSC, the world's no.2 global shipping line, said in a statement its subsidiary Terminal Investment Ltd. (TiL) had completed the acquisition in conjunction with South Korea's Hyundai Merchant Marine (HMM), which would see TiL assuming an 80 percent stake and HMM having the remaining 20 percent in TTI. Last month, a U.S. judge gave the green light for the sale of failed Hanjin's stake in TTI despite objections from container companies owed money by Hanjin, concerned whether the shipping group was getting the best price.

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.

Management software: vendors, consultants, class strive to provide turnkey service. Unless you’ve been lost at sea for the last few years, you know about Subchapter M. You know the June publication of the U.S. Coast Guard’s regulations for ensuring minimum safety standards on tows and tugs, which will extend inspection requirements to the majority of these vessels for the first time, moved the long-awaited, and in some cases, dreaded program from the haze of eventually out into the cold light of day.

Teekay Tankers has agreed to acquire all the remaining issued and outstanding shares of Tanker Investments (TIL), in a share-for-share merger at an exchange ratio of 3.30 Teekay Tankers Class A common shares for each TIL common share. Teekay Tankers currently owns 3.4 million common shares, or 11.3 percent, of TIL. TIL's fleet consists of 10 Suezmax tankers, 6 Aframax tankers and 2 LR2 Product tankers with an average age of 7.3 years. Following the merger, Teekay Tankers' fleet will consist of 62 conventional tankers, including 3 in-chartered conventional tankers (30 Suezmax tankers, 22 Aframax tankers, 9 LR2 Product tankers and one 50 percent-owned VLCC).

Teekay Tankers and Tanker Investments Ltd. (TIL) announced the closing of the previously announced merger of the two companies. Upon the closing of the merger, each outstanding share of TIL common stock (other than shares held in the treasury of TIL or owned by Teekay Tankers or any of its subsidiaries) was exchanged for the right to receive 3.30 shares of Teekay Tankers Class A Common Stock, and TIL became a wholly owned subsidiary of Teekay Tankers. Teekay Tankers currently owns a fleet of 35 double-hull tankers, including 16 Suezmax tankers, 12 Aframax tankers, and seven Long Range 2 (LR2) product tankers, and has four capital leased Suezmax tankers and one contracted time charter-in vessel. TIL is a specialized investment company focused on the tanker market.

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).