“K” Line and Ports America Deal on Strategic Partnership

By Joseph R. Fonseca
Friday, August 01, 2014
Terminal Operation backed by K Line

 

KAWASAKI KISEN KAISHA, LTD. (“K” Line) is pleased to announce that “K” Line and Ports America have agreed to form a strategic partnership aimed at enhancing and expanding “K” Line’s container terminal business.

International Transportation Service, Inc.(ITS), which is a wholly-owned subsidiary of “K” Line, has operated container terminals in Long Beach and Tacoma for more than 40 years. ITS was the pioneer in providing on-dock double stack rail service to its customers, which enable them to have direct delivery across North America, especially to inland delivery points in the mid-west. The partnership with Ports America, which operates terminals throughout the U.S., will further enhance “K” Line’s terminals with high operating standards, improved efficiency, quality service and cost competitiveness. This will enable ITS to handle ultra-large containerships and continuously support “K” Line’s transpacific service.

“K” Line has maintained a good relationship with Ports America, the largest terminal operator and stevedoring company in the United States. Ports America provides stevedoring services to “K” Line in Oakland for containerships and in Jacksonville, Newark, Brunswick and Charleston for car carriers.

With this transfer of a partial stake in ITS to Ports America, ITS will be well positioned to meet its core objectives and to ensure a successful strategic partnership between “K” Line and Ports America.

・Details of the transfer
(1) Subsidiary                          : International Transportation Service, Inc.(KL: 100 percent)
(2) Transfer to                         : Ports America (Headquarters: New Jersey, U.S.)
(3) Shares to be transferred   : 30 percent
(4) Date of the transfer       : Closing will occur after regulatory approvals, expected in late August 2014.
 

Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

Targa: Splitter, Terminal with Noble Still Under Consideration

Targa Resources Partners LP is working closely with Noble Group as Asia's biggest commodity trader evaluates whether to move forward a deal to support a Targa-built condensate splitter,

Argentine Soyoil Exports Slowed by Strike

Argentina soyoil shipments were slowed on Tuesday by the start of a wage strike by a union representing 20 percent of the country's crushing workers, while the

Portsmouth Pilots Use High Detailed Charts

Portsmouth Pilots are now using bathymetric ENCs in combination with official ENCs on their Portable Pilot Units. For many years Portable Pilot Units (PPUs)

News

Austal Delivers Sixth Cape Class Patrol Boat

Austal Limited announced it has delivered Cape Leveque, the sixth of eight Cape Class Patrol Boats being supplied to the Australian Customs and Border Protection Service under a $330 million design,

Targa: Splitter, Terminal with Noble Still Under Consideration

Targa Resources Partners LP is working closely with Noble Group as Asia's biggest commodity trader evaluates whether to move forward a deal to support a Targa-built condensate splitter,

Tampnet, Marlink Partner for Offshore 4G Services

New low latency mobile communication services set to improve support of offshore vessel operations   Marlink and Tampnet have signed a partner agreement for the

Mergers & Acquisitions

Hertel Offshore Renamed CKT Projects

Hertel has announced the acquisition of Hertel by Altrad  for its worldwide access solutions, insulation, corrosion protection and mechanical businesses. Hertel

XPO Acquires Port Trucker Bridge Terminal

XPO Logistics has made a deal to acquire Bridge Terminal Transport (BTT) Services, one of the largest motor carriers serving ports and intermodal facilities in the United States, for $100 million.

Gauthiers’ Announces Modex Merger

Gauthiers’ announced the acquisition of an equity share of Modex, an international manufacturer of DNV-certified offshore equipment. As part of the transaction,

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Port Authority Salvage Ship Simulators Winch
rss | archive | history | articles | privacy | 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: 0.2346 sec (4 req/sec)