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GIP to buy 35% of MSC terminal division

MSC to sell 35% of terminal division

The independent infrastructure investment fund, Global Infrastructure Partners (GIP), has announced that with a group of its LP co-investors it is to buy a 35% share of Terminal Investment Limited SA (TIL), the terminal operating division of Mediterranean Shipping Company (MSC) for US$1.9bn. The price includes certain payments contingent on TIL’s future performance. Read More »

Seaboard Marine’s “double stack” auto containers

Seaboard Marine’s “double stack” auto container

US carrier Seaboard Marine that specialises in services between the US, the Caribbean, Central and South America, has initiated “double stack” auto container replacements for its ro-ro service to the Dominican Republic and Jamaica which have increased efficiency with improved capacity and ease of use. Read More »

Virginia’s privatisation is off the agenda

On Tuesday March 26, 2013 the Virginia Port Authority Board of Commissioners voted to restructure its operating company and overhaul the port's long-term strategy. The actions follow an extensive 18 month review of port operations, including the evaluation of two private proposals to assume operations of the port. Read More »

Felixstowe to double rail capacity

The Liebherr RMGs arriving for Felixstowe’s new rail terminal

The UK Port of Felixstowe is set to double its rail capacity with the arrival of three Liebherr rail mounted gantries (RMGs) for its new rail terminal at the port which is scheduled to open in the summer of this year. The RMGs will span the terminal’s nine rail tracks making them the biggest intermodal rail terminal cranes in the UK. Read More »