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Centerm Terminal News

31 Jul 2016

DP World Takes Over Canadian Port

Dubai-based port operator DP World has signed a long-term lease agreement for the expansion and operation of the multi-purpose Rodney Container Terminal (RTC) at Saint John in New Brunswick, Canada. The global trade enabler will start running existing operations on 1 January 2017 and work in partnership with the Saint John Port Authority on a planned expansion programme expected to be completed in 2021, with the lease continuing for 30 years after. The Rodney Container Terminal is a multi-purpose terminal handling container traffic in Saint John, the only Atlantic Canada port that is served by the country’s Class I railways, Canada National Railway (CN) and Canada Pacific Railway (CP) and is CP’s only Atlantic gateway port.

30 Jul 2016

DP World takes over Rodney Container Terminal, Canada

DP World has signed a long-term lease agreement for the expansion and operation of the multi-purpose Rodney Container Terminal at Saint John, New Brunswick, Canada. The global trade enabler will start running existing operations on 1 January 2017 and work in partnership with the Saint John Port Authority on a planned expansion programme expected to be completed in 2021, with the lease continuing for 30 years after. The Rodney Container Terminal is a multi-purpose terminal handling container traffic in Saint John, the only Atlantic Canada port that is served by the country’s Class I railways, Canada National Railway (CN) and Canada Pacific Railway (CP) and is CP’s only Atlantic gateway port.

03 Apr 2015

DP World Acquires Prince Rupert Terminal

DP World Limited today announces its agreement to acquire Maher Terminal’s Fairview Container Terminal (Fairview) in Prince Rupert, British Columbia, Canada from Deutsche Bank. Fairview presents growth opportunity in a market with attractive and growing demand. Fairview is a purpose built terminal with an efficient sea-rail link and has a current capacity of 850,000 TEU (twenty-foot equivalent container units), with a just-announced Phase 2 expansion that will take capacity to 1.35 million TEU. The concession period runs to 2034 with an extension to 2056 after the completion of Phase 2. consideration payable is C$580 million (US$457 million*) for the total outstanding stock of Fairview on a cash-free, debt-free basis (subject to customary adjustments).

05 Mar 2015

Vancouver Container Fire Closes Port

A large portion of Canada's biggest port was shut down on Wednesday after a chemical fire broke out amid numerous shipping containers piled up in a yard east of Vancouver's downtown core. The toxic smoke forced local residents to take shelter inside, while workers at Port Metro Vancouver and in the surrounding area covered their faces with scarves as they streamed out of their offices. By early evening, firefighters were able to bring the blaze under control and residents were allowed to leave their homes, though people were warned to stay away from the port. "Smoke is lessening, but people are encouraged to stay away from the fire area," the City of Vancouver said on its official Twitter account.

05 Mar 2015

Vancouver Port Fire Leads To Evacuation

A chemical fire at a Vancouver container terminal led to a partial evacuation of Canada’s largest port for several hours Wednesday afternoon, as a cloud of white smoke drifting over the city prompted health warnings and road closures, says Canadian Press. "All south shore of the Burrard inlet port operations have been shut down, including rail and truck access," said Port Metro Vancouver spokesman John Parker-Jervis in a statement. The burning container contains trichloroisocyanuric acid, a hazardous organic compound commonly used as an industrial disinfectant and bleaching agent, he added. The Port evacuated its Centerm terminal, which is operated by DP World Vancouver, and nearby port properties.

12 Aug 2014

Fitch: West Coast Labor Delay Sending Cargo North

The ongoing risk of a strike or work slowdown at West Coast ports may already be diverting cargo to other distribution methods and setting the stage for broader economic impacts, Fitch Ratings says. The International Longshore and Warehouse Union (ILWU) workers are currently working without a contract and could strike at any time. However, Fitch notes that recent negotiations between the ILWU and the Pacific Maritime Association (PMA) are said to be amicable, and cargo has been moving through West Coast ports without incident since the expiration of the previous contract on June 30.