Ports America acquires stake in ITS in “K” Line deal
Ports America, the largest terminal operator and stevedore in the United States has announced it will purchase a 30% stake in International Transportation Service (ITS) via a strategic partnership with Kawasaki Kisen Kaisha (“K” Line).
Ports America President/CEO, Michael Hassing, said: “We are pleased to extend our relationship with “K” Line through this investment.
“We realise the significance of innovation and the need for continued capital improvement and expansion.”
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