Ports Ponder Public Private Partnerships
Because any port is only as efficient as its weakest link, so-called P3 funding will be the key to driving the future intermodal equation. Seaport and marine terminal finance draws from a wide range of funding sources, often combined to pay for a particular project. Ports are public goods, and as such, sometimes they also see varying contributions from federal, state, regional and local entities. At its lowest common denominator, the port business is all about connectivity; hence ‘port’ projects will frequently include an intermodal component…
Fos Distriport Supports Dangerous Goods Solution
French transport and logistics company Groupe Charles Andre (GCA) has extended its operations at the port of Marseille Fos with the opening of a 34,000m2 warehouse in Fos Distriport. The warehouse features 6,000m2 dedicated to packaged dangerous goods – the first such facility within the port’s logistics parks – as well as space for 200 containers. GCA has run an import/export car terminal at Fos since 2014 through its automotive subsidiary TEA. Marketing of the new $21 million warehouse was launched last November.
Second Ivory Coast Container Terminal
Contract awarded for a second container terminal that will double the African state's capacity. The Ivory Coast Government has awarded a contract for the construction of a second container terminal at the port of Abidjan to a consortium of French companies Bollore, Bouygues and Danish group AP Moller-Maersk A/S. The project envisages the design, financing, construction, development, equipment and operation of the terminal, which will have a capacity to service 1.5 million twenty-foot equivalent containers (TEUs) annually. Source: GAC
France Picks: GE is the One for Alstom
France chose General Electric to form an alliance with Alstom on Friday - rejecting an offer from Siemens and Mitsubishi Heavy Industries - but said the deal still needed some work and added it would buy a 20 percent stake in the hotly-contested company. Economy Minister Arnaud Montebourg said he had used a newly- created state decree to reject both of the existing offers as not being in France's strategic interest, and had formulated fresh demands to GE Chief Executive Jeff Immelt.
Vivian Quenet Joins KVH to Manage Rapidly Expanding Growth Opportunities in Asia
MIDDLETOWN, RI – KVH Industries, Inc., (Nasdaq: KVHI) is pleased to name Mr. Vivian Quenet as its new vice president of sales, Asia-Pacific. Mr. Quenet, an 11-year veteran of the maritime satellite communications industry, will be based in KVH’s Singapore office and lead the company’s expansion efforts throughout Asia, focusing on the global mini-VSAT Broadband network and KVH’s TracPhone® V7 and V3 antennas. “The global shipping industry is moving swiftly to adopt VSAT communications…
Siemens Weighs In As GE Prepares Alstom Power Deal
Alstom's arch rival Siemens wants talks with the struggling French engineering group, the German company said on Sunday, the day General Electric boss Jeff Immelt is due in Paris to thrash out a deal to buy Alstom's global power arm. Siemens said in a statement that it had written a letter to "signal its willingness to discuss future strategic opportunities" with the French group. France's government has said it wants to find alternatives to the GE offer, which sources say puts a value of $13 billion on the turbines and power grid equipment business and could be announced in days.