• 2014 July 31 15:51

    “K” Line and Ports America reach deal on strategic partnership

    KAWASAKI KISEN KAISHA, LTD. (“K” Line) and Ports America have agreed to form a strategic partnership aimed at enhancing and expanding “K” Line’s container terminal business, the Company said Thursday in a press release.

    International Transportation Service, Inc. (ITS), which is a wholly-owned subsidiary of “K” Line, has operated container terminals in Long Beach and Tacoma for more than 40 years. ITS was the pioneer in providing on-dock double stack rail service to its customers, which enable them to have direct delivery across North America, especially to inland delivery points in the mid-west. The partnership with Ports America, which operates terminals throughout the U.S., will further enhance “K” Line’s terminals with high operating standards, improved efficiency, quality service and cost competitiveness. This will enable ITS to handle ultra-large containerships and continuously support “K” Line’s transpacific service.

    “K” Line has maintained a good relationship with Ports America, the largest terminal operator and stevedoring company in the United States. Ports America provides stevedoring services to “K” Line in Oakland for containerships and in Jacksonville, Newark, Brunswick and Charleston for car carriers.

    With this transfer of a partial stake in ITS to Ports America, ITS will be well positioned to meet its core objectives and to ensure a successful strategic partnership between “K” Line and Ports America.

    Details of the transfer
    Subsidiary : International Transportation Service, Inc.KL: 100 percent
    Transfer to : Ports America (Headquarters: New Jersey, U.S.)
    Shares to be transferred : 30 percent
    Date of the transfer : Closing will occur after regulatory approvals, expected in late August 2014.

    About Ports America
    Ports America, headquartered in New Jersey, is the largest independent marine terminal operator and stevedore company in the United States. The company currently operates in more than 42 ports and 80 locations. Ports America handles all types of cargo, including container, bulk, breakbulk, automotive, project, military and cruise, typically handling 12.7 million TEU, 4.3 million vehicles, 8.9 million tons of general cargo and 1.6 million cruise ship passengers annually.

    About ITS
    ITS was established in 1971 and operates terminals in Long Beach, California, supporting “K” Line’s transpacific services for more than 40 years. Husky Terminal & Stevedoring, Inc., a wholly-owned subsidiary of ITS, was established in 1983 and has operated terminal in Tacoma, Washington for more than 30 years. They are responding to increasing cargo movements by conducting terminal expansion construction and increasing exclusive leased land.


2020 April 2

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15:13 SMM: Shipping industry steers towards digitalisation
14:49 Bunker prices show no considerable changes at the Far East ports of Russia (graph)
14:26 Vitol Group establishes foothold in Singapore bunker operations
14:02 A.P. Moller - Maersk completes acquisition of Performance Team
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13:14 Hapag-Lloyd announces GRI from East Asia to East Coast and West Coast of South America, Mexico, Caribbean and Panama
12:52 Covid-19: Passenger transportation by seaborne transport and traffic of small-size ships banned in Crimea
12:25 ABP update: port perations remain open for business
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10:43 Russian President signs Decree on establishment of Marine Instrument Engineering Corporation
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2020 April 1

18:36 Diana Shipping announces direct continuation of time charter Ccontract for m/v Myrto with Cargill
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17:35 New BIO SEA BWTS approved by USCG and IMO
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16:35 The EU funded FLAGSHIPS project supports construction of a hydrogen fuel powered barge push boat
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16:02 Höegh LNG applies for LNG import licence in Cyprus
15:30 OOCL updates Trans-Pacific services in April & May
15:04 THE Alliance announces COVID-19 response measures for April 2020
14:53 Frigates of RF Navy's Black Sea Fleet conducted exercise in Mediterranean Sea
14:43 Launch of Dimecc’s Sea for Value programme paves the way for remote pilotage and safer fairway navigation
14:22 Wärtsilä launches actions to mitigate the impact of COVID-19 and withdraws its market outlook
14:19 Competition announced for construction of Bagayevsky hydrosystem’s Phase 2
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2020 March 31

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16:55 State Duma of Russia approved in first reading expansion of resource base for LNG production projects
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