Deutsche Invest Highest Bidder for Thessaloniki Port
German private equity firm Deutsche Invest Equity Partners was the highest bidder for a majority stake in Greece's Thessalonki Port with 231.9 million euros, the country's privatisation agency HRADF said on Monday. HRADF received three bids in March for a 67 percent stake in the port, Greece's second-biggest. The other two bidders were Philippines-based International Container Terminal Services (ICTS) and Dubai-based P&O Steam Navigation Company (DP World). The current market value of the stake on sale is 138.5 million euros.
Greece Gets Three Improved Bids For Thessaloniki Port Sale
Greece received three improved binding financial bids for a majority stake in Thessaloniki Port , its second-largest, the country's privatisation agency (HRADF) said on Friday. Last month HRADF got three bids for a 67 percent stake in Thessaloniki Port. The bids were submitted by Philippines-based International Container Terminal Services (ICTS), Dubai-based P&O Steam Navigation Company (DP World) and German private equity firm Deutsche Invest Equity Partners, jointly with France's Terminal Link SAS. After unsealing the financial offers this month, HRADF asked the suitors to improve them by April 21. The improved offers will be unsealed at a board meeting on April 24, HRADF said. The current market value of the stake on sale is 138.8 million euros.
Greece Asks Investors to Improve Bids for Thessaloniki Port Sale
Greece's privatisation agency (HRADF) asked on Friday for improved financial bids from shortlisted investors seeking to buy a majority stake in its second-largest port. Athens got last month three offers for the sale of a 67 percent stake in Thessaloniki Port, which is required as part of its international bailout. The investors are Philippines-based International Container Terminal Services (ICTS), Dubai-based P&O Steam Navigation Company (DP World) and German private equity firm Deutsche Invest Equity Partners which is bidding jointly with France's Terminal Link SAS. (Reporting by Angeliki Koutantou)
Greece Calls for Improved Thessaloniki Port Bids
Hellenic Republic Asset Development Fund (HRADF) asked for improved financial bids from short-listed investors seeking to buy a majority stake in its second-largest port, reports Reuters. Greece’s privatization agency (TAIPED) got three offers last month for the sale of a 67 percent stake in Thessaloniki Port, which is required as part of Greece’s international bailout. The investors are Philippines-based International Container Terminal Services (ICTS), Dubai-based P&O Steam Navigation Company (DP World) and German private equity firm Deutsche Invest Equity Partners…
APM Could Exit Tacoma
APM Terminals Tacoma has received notification from Matson, Inc., its main customer, that Matson does not intend to renew its current terminal services agreement after its expiration on December 31, 2017. Accordingly, APM Terminals is evaluating all options with respect to its existing terminal lease, which is currently set to expire on December 31, 2017. The terminal, with 12 employees, became part of the Maersk Group portfolio with the acquisition of US-based Sea-Land Service by Maersk Line in 2000.
Maersk Line Service to UMM Qasr, Iraq
As new opportunities for foreign trade arise, importers and exporters in Iraq are calling for more reliable cargo transport services to neighboring countries - with the regular, on-time port calls and professional terminal services international traders require to grow their business. Now, Maersk Line offers a new dedicated feeder service between Jebel Ali (UAE) and Umm Qasr (South Port terminal), linking Iraq to trading partners in the region and beyond. The new service offers major improvements over existing services. A Maersk-owned US Flag vessel will be deployed on the rotation, offering all the operational reliability you expect from Maersk Line. And our own dedicated, scheduled berthing facility will ensure on-time port calls and reduce the risk of delays.
RORO Ops by NYK for Ford Plants in India
In 2011, NYK Auto Logistics (India) Pvt. Ltd.(NALI)* was awarded a contract by Ford India for RORO terminal services of finished cars at Chennai and Ennore Port. Based on the service quality, in 2015, NALI and Ford India extended the scope of services to cover Chennai plant stockyard management and inland transportation from plant to Chennai and Ennore ports. With this new scope of business, NALI can provid complete outbound logistics of finished vehicles for the Ford plant in Chennai.
Smit Lamnaico Wins Marine Services Contract
Royal Boskalis Westminster N.V. (Boskalis) announces that its associated company Smit Lamnalco has been awarded a 10-year contract with additional extension options by Esso Highland (a subsidiary of ExxonMobil) for providing terminal services at the Papua New Guinea liquefied natural gas (PNG LNG) export terminal near Port Moresby. The total contract value is USD 120 million (Boskalis share USD 60 million) and services will commence mid-2014. The PNG LNG export terminal is part of a larger integrated LNG production, processing and liquefaction project which started following the discovery of three major gas field in Papua New Guinea. Both the offshore and onshore infrastructure is currently under construction and expected to be operational in 2014.
ICTSI Finalizes Deal for Colombia Port
According to reports, ICTSI Ltd., a wholly-owned unit of International Container Terminal Services, has finalized agreements to put up a $180m multi-user container terminal at the Port of Buenaventura in Colombia as well as acquire Sociedad Puerto Industrial de Aguadulce S.A. (SPIA). The estimated total investment requirement includes the construction and development of a 700,000 TEU per annum container terminal. Construction is scheduled to begin in November this year, with expected completion within 18-24 months thereafter. Source: ABS CBN
Kalmar Bags order from ÖBB-Infrastruktur
Kalmar, part of Cargotec, has been awarded a valuable order from long-standing partner Österreichische Bundesbahnen (ÖBB) to supply cargo handling equipment for general cargo and intermodal operation at the ÖBB-Infrastruktur AG terminals at Wolfurt, Wels and Wien Süd in Austria. The order was booked into Cargotec's 2015 second quarter order intake, with delivery scheduled to be completed by the fourth quarter. The range of equipment includes seven Kalmar Gloria reachstackers for intermodal handling, three Kalmar TT 618i terminal tractors and one Kalmar DCG 160-12 forklift.
Singtel Launches Integrated Maritime VSAT Service
Singtel has announced that it has launched its Maritime VSAT (Very Small Aperture Terminals) service which will enable the maritime community to use high-speed two-way IP broadband satellite communications services between ship and shore. With the service, maritime companies can integrate their IT applications onboard ships with their offices at shore via IP. The service supports e-mail, web browsing, fax and VoIP via an IP broadband satellite transmission network. Coverage for the service will initially be available for the Asia Pacific region. Source: Wireless Insight
ICT Tools Boost Terminal Capacity, Shrink CO2 Footprint
The EU funded EcoHubs R&D project (Environmentally COherent measures and interventions to debottleneck HUBS of the multimodal network favored by seamless flow of goods) has delivered a number of ICT tools which can increase capacity at ports and terminals, and can lead to reductions in carbon footprint. Designed to support “Resource Efficient Europe”, the flagship initiative of the Europe 2020 Strategy, EcoHubs has, for the last 30 months, researched and developed the tools required for sustainable freight transport and logistics networks as part of a smart…
Maritime Telecommunications Network Signs Exclusive Contract With AT&T
Maritime Telecommunications Network (MTN), a subsidiary of ICG Satellite Services, has signed an exclusive seven-year lease agreement with AT&T to provide C-Band equipment including antennas, stabilized platforms and terminal services to be used on US Navy ships around the world. MTN already supports numerous government contracts including Space and Naval Warfare Systems Center (SPAWAR), Defense Information Systems Agency (DISA), Afloat Personal Telecommunications System (APTS) and Armed Forces Radio and Television Services (AFRTS).
Horizon Lines Extends Maersk Agreements
Horizon Lines Extends Commercial and Operating Agreements With AP Moller Maersk Group Shipping and logistics company Horizon Lines Inc. said Monday it renewed and extended commercial and operating agreements with Denmark's AP Moller Maersk Group through 2010. Financial terms of the deals were not disclosed. The agreements include cargo space charters, terminal services, equipment sharing, and sales agency services, which had been set to expire in 2007. source: AP
AGCT Opens COSCO Service in Rijeka
Adriatic Gate Container Terminal (AGCT), International Container Terminal Services, Inc.’s (ICTSI) container handling facility in the Port of Rijeka, Croatia, recently launched China Ocean Shipping (Group) Co.’s (COSCO), Adriatic–Greece–Turkey service (AGT) when COSCO selected AGCT as the first port of call of the service. The AGCT launch was marked by the maiden call of Contship Eco last 24 February. The service, which directly connects Rijeka with Greek and Turkish ports, also links the Northern Adriatic ports with Piraeus, Greece.
ICTSI Acquires Control of Philippines' Port
International Container Terminal Services, Inc. (ICTSI) subsribe to shares giving it a 65% share in Hijo International Port Services Corp. International Container Terminal Services, Inc. (ICTSI), through its wholly- owned subsidiary Abbotsford Holdings, Inc., (AHI), has acquired subscription rights to forty million common shares in Hijo International Port Services, Inc. (HIPS), which is a joint venture company with Hijo Resources Corp. (HRC). This brings AHI’s ownership in HIPS to 162,500,000 shares, which now constitute a controlling 65 precent of the outstanding capital stock of HIPS. HIPS owns the Hijo International Port, a private commercial port in Barangay Madaum, Tagum, Davao del Norte in the Gulf of Davao. The existing port sits within a reclaimed land of about 10.3 hectares.
Horizon Lines New Terminal in Oakland
Horizon Lines, Inc., (NYSE:HRZ), the nation's leading domestic ocean shipping and integrated logistics company, has entered into a new agreement for terminal operations at the Port of Oakland. Horizon Lines has teamed with Ports America, the largest terminal operator and stevedoring company in the Americas, to service cargo moving through Oakland between the U.S. mainland, Hawaii, Guam and Micronesia. Horizon Lines operations are located at 1599 Maritime Street. Ports America brings state-of-the-art technology and superior terminal services expertise to help deliver efficient gate and vessel operations to Horizon Lines' customers. Service…
Greece Shortlists Cosco, Four Others for Piraeus Port
China's Cosco Group and four other suitors have been shortlisted as potential buyers of a majority stake in Piraeus Port Authority OLP, Greek privatisation agency HRADF said on Thursday. Greece is aiming for privatisation revenues of 1.5 billion euros this year by selling a stake in OLP and in Thessaloniki Port Authority OLTH, as well as by privatising railway operator TRAINOSE, rolling stock company ROSCO and some regional airports, among other assets. The other potential OLP investors shortlisted were: U.S. terminal operator Ports America; Dutch container terminal operator APM Terminals; Philippines-based International Container Terminal Services ; and close-ended investment company Utilico Emerging Markets Limited.
Horizon Terminal Agreement, Asia Liner Service
Horizon Lines, Inc. (NYSE:HRZ) announced that it has reached a binding Memorandum of Understanding (MOU) with APM Terminals North America (APMT) for a new six-year U.S. terminal services agreement, effective immediately. The prior agreement with APMT was scheduled to expire on December 10, 2010. The MOU applies to stevedoring and terminal services provided to Horizon Lines by APMT in Jacksonville, Fla.; Houston, Texas; Los Angeles, Calif.; Tacoma, Wash. and Elizabeth, N.J., through 2015, with an option to extend for two years. Horizon Lines has the option to exclude the Elizabeth terminal from the agreement if it chooses to serve the Northeast market from a port not located in N.Y. or N.J.
Horizon Lines Signs to Purchase Hawaii Stevedores
Horizon Lines Inc., a container shipping and integrated logistics company, signed a letter of intent to purchase Honolulu-based Hawaii Stevedores Inc., a provider of marine terminal services. Financial terms were not disclosed. The acquisition is subject to the completion of a due diligence process. The company plans to maintain all Hawaii Stevedores' contracts for stevedoring, or loading and unloading ships, as well as its existing labor contracts. Source: AP
Höegh LNG and Mitsui OSK Lines Confirm LNG Re-gasification Vessels
Höegh LNG and Mitsui OSK Lines, Ltd. (MOL) confirm the signing of long term time charter parties for two Shuttle and Regasification Vessels (SRV) with SUEZ LNG Trading SA. These vessels are specifically designed to service an offshore natural gas import terminal to be built in Massachusetts Bay offshore the city of Boston on the US East Coast. The vessels will be delivered in 2009 and 2010. The SUEZ owned Neptune LNG LLC received the final license issued by MARAD for the construction of the terminal on 23 March. The LNG re-gasification vessels and the deepwater port installations can meet the most stringent environmental regulations anywhere in the US for such terminal facilities.
KCI Konecranes for Gdynia Port
Container Terminal (BCT) in Gdynia, Poland. delivered before the end of 2006. 2005. the terminal in early 2003 under a government privatisation programme. per/yr. capacity to 600,000TEU/yr. handle containers for Post Panamax size vessels.
New Colombia Container Port to be Developed
International Container Terminal Services, Inc. ("ICTSI") and PSA International Pte. Ltd. ("PSA"), through their subsidiaries, have signed an agreement to jointly develop, construct and operate the container port terminal and ancillary facilities located in the Peninsula of Aguadulce, Buenaventura, Valle del Cauca, Colombia. The agreement involves PSA´s investment in Sociedad Puerto Industrial Aguadulce S.A., an indirect subsidiary of ICTSI, which holds the 30-year concession for the Aguadulce Port Project granted by the Agencia Nacional de Infraestructura of Colombia.