Gulftainer Names Fred Castonguay New Group CEO
UAE-based privately-owned port operator Gulftainer has appointed Fred Castonguay its new group chief operating officer to strengthen its growing ports and logistics portfolio globally.Castonguay previously served as the vice president of Operations at Ports America Group and as president and COO for Ports America Outer Harbour in Oakland, California.Peter Richards, Group Chief Executive Officer at Gulftainer, said: “We are pleased to welcome Fred Castonguay on board as Group Chief Operating Officer of Gulftainer.
Gulftainer Wins Contract to Operate U.S. port of Wilmington, Delaware
As first reported in the JULY / AUGUST edition of Maritime Logistics Professional magazine, Gulftainer through its subsidiary GT USA, Wilmington had inked a tentative deal with the State of Delaware which would grant GT USA, Wilmington exclusive rights to operate and develop the Port of Wilmington, on the Delaware River downstream from Philadelphia for the next 50 years. That deal is now official.Privately-owned Gulftainer today operates the Canaveral Cargo Terminal in the Port of Canaveral, Florida.
Gulftainer Signs 50-year Lease for Port of Wilmington
Gulftainer, the world’s largest privately-owned independent port operator and logistics company based in the United Arab Emirates, finalized a 50-year concession agreement with the state of Delaware to operate and develop the Port of Wilmington, significantly expanding the company’s global footprint and reach.The agreement, signed by Gulftainer’s subsidiary GT USA, will see an expected investment of up to $600 million in the port to upgrade and expand the terminal and to turn…
From Desert to Delaware
Gulftainer strives for top six in terminals.Sharjah is a glimmering city-state carved from the desert, the third largest emirate in the United Arab Emirates and the only one to have land on both the Persian Gulf and the Gulf of Oman. And soon, within weeks, a company based in Sharjah could control one of the most strategically located marine ports in the United States. Gulftainer through its subsidiary GT USA, Wilmington has inked a deal with the State of Delaware, USA, which would grant GT USA…
Gulftainer Wins RoSPA Awards 2018 for Occupational Health and Safety
Gulftainer, the world’s largest privately owned independent port operator and logistics company based in the UAE, has been handed the 2018 prestigious Gold Award by the UK-based RoSPA Award Scheme.Gulftainer has been recognised for its commitment to employee health and safety standards at its flagship gateway terminal, Sharjah Container Terminal (SCT), in Port Khalid.Recognising significant milestones in health and safety management systems including best practices in leadership and workforce involvement, the RoSPA Awards scheme receives submissions from organisations around the world.
Gulftainer Receives Maiden Call of CMA CGM Virginia
Gulftainer, the largest privately owned independent port operator, has marked the maiden call of the CMA CGM Virginia vessel with a capacity of 5,095 twenty-foot equivalent units (TEU) at its flagship Khorfakkan Container Terminal (KCT). The vessel call was completed in a record 5.6 hours, approximately 8.4 hours ahead of schedule. CMA CGM, a leading worldwide shipping group, currently operates a diversified fleet of 445 vessels with a combined capacity of over two million TEU.
Gulftainer Wins Logistics Industry Honors for TOS
Gulftainer, privately owned independent terminal operating and logistics company whose global divisions include GT USA in North America, has won an industry award for its Marine and Container Handling (MACH) Terminal Operating System (TOS). Gulftainer received the ‘Technology Implementation of the Year’ honor at the Logistics Middle East Awards 2017 for the company’s implementation of the terminal operating system, which marks a technology milestone for Gulftainer and the industry at large.
UAE Cargo Handler Tests Florida Waters
Sharjah-based ports operator Gulftainer has opened Canaveral Cargo Terminal at Port Canaveral in Florida in the US for business. Gulftainer, a subsidiary of UAE-based conglomerate Crescent Enterprises, said the opening comes one year after Canaveral Port Authority signed a 35-year agreement with GT USA, the US arm of Gulftainer, to operate and further develop the container and multipurpose cargo terminal. The opening comes one year after Canaveral Port Authority signed a 35-year agreement with GT USA…
Gulftainer’s Khorfakkan Terminal Sets Record Unloading
UAE based Gulftainer, a terminal operating and logistics company, set a new record for the handling of the largest unloading and loading of a single vessel call at its Khorfakkan Container Terminal (KCT), at 19,561 TEUs (Twenty-foot equivalent unit). It handled 19,561 20-foot-equivalent units of containers in 54.4 hours on a single call at its Khorfakkan Container Terminal in at Sharjah. The terminal staff completed the record breaking call of the CMA CGM Jules Verne container ship with the help of 11 cranes.
Moody’s Upgrades Port Canaveral’s Bond Rating
Moody’s Investors Service has upgraded Canaveral Port Authority’s $30.2 million in outstanding revenue bonds to A2 from A3 and rated its financial outlook stable. The upgrade was attributed to low leverage, cruise growth, stable finances and proactive capital plan management. Port Canaveral’s five-year capital plan totals nearly $600 million, which will be financed with a combination of grants, matching funds, cash flow and unrestricted cash balances. The major current project is a new cruise terminal for Royal Caribbean, which is paying half of the $105 million total cost.
Gulftainer Reports Huge Middle East Port Growth
Gulftainer has recorded a 24% overall increase on trade volumes in 2012 when compared with the previous year. Its Sharjah ports saw the greatest volumes throughout the year, with Khorfakkan Container Terminal seeing growth of 28 per cent on its 2011 figures with a staggering throughput of over 3.3m TEU. The consistent organic growth of Gulftainer is the largest of any Middle East port operator, with trade volumes more than tripling in the past decade. The company’s portfolio covers three UAE operations…
First Middle East Call for Juggernaut Containership
Khorfakkan Container Terminal (KCT) became the first terminal operator in the Middle East to handle the world’s largest container ship, 'CMA CGM Marco Polo'. With a length of four standard football pitches (396 metres), 54 metres beam and requiring a draft of 16m, Khorfakkan is one of the few ports in the world able to accommodate Marco Polo’s massive 16,020 TEU capacity, reports 'The Gulf Today'. The ship's arrival at KCT was marked with a presentation from Gulftainer to Captain Igor Sikic of the Marco Polo and CMA CGM representatives…