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Sharjah-UAE: 15 May 2016 – Gulf Stevedoring (GSCCO), a member of the Gulftainer Group of Companies, celebrated the handling of a record 20 million TEUs at the Northern Container Terminal (NCT) in the port of Jeddah, KSA. Gulftainer is the world’s largest privately-owned, independent port operator based in the UAE.

Published in Latest News

apmlogo smThe 10 STS Cranes will be the tallest in service at any American port; new LED lighting on the crane booms will increase visibility while significantly reducing energy consumption, as capabilities expand to meet the needs of larger vessels entering into the global fleet.

Published in Latest News
Thursday, 12 May 2016 17:19

Sean Pierce to leave Yilport Holding

Istanbul based Yilport Holding A.S. has announced today that Mr. Sean R. Pierce has officially resigned from his position as CEO effective May 4th, 2016.  Mr. Pierce joined Yilport in 2011 in support of Mr. Robert Yildirim’s vision to develop a global port operating company that would be top 10 international terminal operator by 2025.  Yilport Holding A.S. was created in 2012 and today has seventeen (17) port terminals, five (5) dry terminals in seven (7) countries.

Published in Outlook / Forecast

Siwertell, part of Cargotec, has received an order from PT Asahimas Chemical, one of AGC Asahi Glass's consolidated subsidiaries in Indonesia, to provide coal unloading and conveying equipment for installation at its chemical plant site in Cilegon, Indonesia. The coal is used to generate power for the plant. The order was booked into Cargotec's 2016 first quarter order intake.

PSA International Pte Ltd today announced the inception of PSA unboXed Pte Ltd (PSA unboXed), its new corporate venture capital arm with an initial fund size of S$20 million.

Published in Latest News


Tilbury’s London Container Terminal has this week launched the UK’s first fully integrated Vehicle Booking System (VBS) mobile app uniquely designed for the terminal’s hauliers.

VGM Generation services will be offered to enable supply chain partners to comply with new IMO SOLAS regulations

The Hague, Netherlands - With just 50 days until SOLAS Verified Gross Mass (VGM) comes into force APM Terminals is taking the lead to ensure a smooth transition into the new regulatory environment facing over 120 million containers entering the international supply chain. Under international law from 1st July, 2016 shippers are required to provide a VGM for every container before it can be loaded with the shipping line.


London Container Terminal in Tilbury today (11th May) welcomed the arrival of their eight new Kalmar straddle carriers aboard the specialist vessel the BBC Nordland as part of the port’s growing container business.

The Ghana Ports and Harbours Authority (GPHA) is inviting interested and eligible parties to submit an Expression of Interest for the Concession of the Dry Bulk Terminal in the port of Takoradi. The Concession provides the right and obligation to complete the Development, Operate and Transfer back the Dry Bulk Terminal.

Published in Outlook / Forecast

International Container Terminal Services, Inc. (ICTSI) today reported unaudited consolidated financial results for the quarter ended March 31, 2016 posting revenue from port operations of US$266.5 million, a decrease of 10 percent from the US$296.1 million reported for the same period last year; Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of US$121.9 million, four percent lower than the US$127.5 million generated in the first quarter of 2015; and net income attributable to equity holders of US$42.2 million, down 22 percent compared to the US$54.0 million earned in the same period last year.  The decline in earnings was mainly driven by lower storage & ancillary revenues, unfavorable container volume mix, lower capitalized borrowing cost, higher depreciation and amortization expenses and start-up costs of new terminals and projects.  Diluted earnings per share for the period declined 40 percent to US$0.014 from US$0.023 in 2015.    

Published in Finance Deals
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