Kalmar to Automatize Melbourne VICT Terminal
The provider of cargo handling solutions and services to ports, terminals, Kalmar has signed a maintenance and support agreement with International Container Terminal Services, Inc (ICTSI) covering the automated container handling solution operating at Victoria International Container Terminal (VICT).The order was booked in Cargotec's Q4 2018 order intake with the agreement coming into effect in November 2018, said a press release. Australia's first fully automated container terminal, VICT, welcomed its first vessel in March 2017.
ICTSI Income Falls as Volume Rises
Philippines-based International Container Terminal Services Inc (ICTSI) has announced a 6% decrease in income in its consolidated financial results for the first half of 2018.However, the port operator saw overall throughput rise 4% to 4.7m teu in the first half compared to 4.5m teu handled in the previous corresponding period in 2017, mainly on robust trade in the emerging markets and contributions from new terminals in Lae and Motukea in Papua New Guinea and the Australian…
Container Handling of the Future is Available Now
Kalmar and Navis Enable ICTSI to Complete the World’s First Fully Automated Terminal. Kalmar and Navis recently announced the delivery of the first OneTerminal automation solution to International Container Terminal Services Incorporated (ICTSI) at the Port of Melbourne, Australia. That news brings to the commercial waterfront changes that can and will impact logistics, how the supply chain utilizes human resources, and additionally brings economies of scale to the global waterfront.
ICTSI Australia Secures AUD398 Mln Loan
On July 15, 2016, Victoria International Container Terminal (VICT) signed a syndicated loan facility worth AUD 398 million (approximately USD 300 million) with seven leading global financial institutions, namely: Citibank N.A., KFW IPEX-Bank, Standard Chartered Bank as Mandated Lead Arrangers and Bookrunners, Bank of China Limited, DBS Bank Ltd., Investec Bank PLC as Mandated Lead Arrangers, and Cathay United Bank as Lead Arranger. The facility provides significant financial flexibility with long-dated tenors of 7, 10, and 16 years.
Melbourne RoRo Terminal Opens
Melbourne International RoRo & Automotive Terminal (MIRRAT) will officially open at Webb Dock West in Melbourne on the 10th April, 2016. MIRRAT is dedicated to providing best in class terminal services to the Automotive and RoRo markets in Melbourne by providing efficient, innovative and sustainable solutions to our customers. As part of Port of Melbourne Corporation’s port capacity project, MIRRAT was awarded the rights to design, construct and operate the new RoRo & Automotive Terminal at Webb Dock West.
DP World Melbourne Terminal Gears for Volume growth
DP World Australia's new 30,000 sqm Melbourne terminal expansion, at the former Bentley Chemplax site, was commissioned on Tuesday (15 March 2016), signalling the start of a suite of capital investment projects in 2016-17. The completion of the Bentley Chemplax site delivers an additional 450 ground slots or 100,000 TEU (twenty-foot equivalent unit) of container capacity per annum, increasing the capacity of the terminal to 1.4m TEU per annum. The development is the terminal’s largest expansion project since 2010…
Port of Melbourne Sale Soon
The Opposition Leader Matthew Guy says that critical laws to maximise the value of the lease of the Port of Melbourne are set to finally pass the state parliament this week, reports The Age. The Coalition has used their numbers in the upper house to force a series of amendments to the governments proposed legislation to sell the port. Governments have been considering incentives to tempt the highest possible price from potential buyers of assets, including non-compete clauses that prevent competing infrastructure from being built in the future close to the asset being sold.
DP World Sings Melbourne Port Lease Deal
DP World and the Port of Melbourne Corporation have reached an agreement on a new 50-year lease, ending months of negotiation over rental increases at Australia’s biggest port. The Port of Melbourne will forego tens of millions of dollars in annual revenue after abandoning a 750 per cent rent increase for DP World Australia and accepting price rises a tiny fraction of that amount. DP World Australia, in which the Dubai-based ports operator has a 25 per cent stake, will run the West Swanson Terminal in the Port of Melbourne up to 2065…
Fight Over Port of Melbourne Sale
Victorian Labor is ramping up the pressure on Matthew Guy's Coalition over its decision to block the sale of the Port of Melbourne, reports The Age. Victoria’s plans to raise $6bn by selling the port of Melbourne are in jeopardy: the opposition refuses to support legislation for its sale. The Andrews Government wants to sell the Port of Melbourne lease for 50 years to raise an estimated $5-6 billion to fund its signature transport projects. The Coalition has decided to use its…
ICTSI Donates AUD150,000 for Marine Research
Victoria International Container Terminal Ltd (VICT) recently presented Albert Park College with a AUD150,000 grant from VICT’s Community Investment Fund to fit out and resource a new Marine Research Centre at the school’s Environmental Arts Hub in Port Melbourne. The grant will also fund the scholarships of 20 students, as well as the construction of a new sustainable commercial kitchen. Photo shows students of Albert Park College accepting the AUD150,000 check. They are joined by (back row…
1-Stop’s Port solution adopted by VICT
Victoria International Container Terminal Ltd (VICT) has chosen to implement the wide range of port community solutions that 1-Stop Connections (1-Stop) have to offer. 1-Stop is already the system of choice at the Port of Melbourne, where the terminal and logistics community have benefited over the years from 1-Stop’s port community solutions. This recent signing between 1-Stop and VICT will result in continual productivity improvements and optimised operations for the future.
Glencore Calls for Price Regulation in Newcastle Port
Coal mining giant Glencore has now applied to have the competition watchdog oversee pricing in the newly privatised Port of Newcastle, reports The Sydney Morning Herald. The NSW port is hiking some shipping charges up to 60 percent after its $1.75 billion privatisation last year. Glencore has made the application to the National Competition Council, describing the shipping channels in the Port of Newcastle as a natural 'bottleneck' monopoly. This pitch for Australian Competition…
ICTSI Names Head for Australian Unit
International Container Terminal Services Inc. (ICTSI) has appointed Anders Dommestrup as Chief Executive Officer of its Australian subsidiary, Victoria International Container Terminal Ltd. “We are extremely pleased to welcome Mr. Dommestrup into the ICTSI Group. With his extensive and leading industry experience and expertise, we believe that he can provide exceptional leadership to our new project at Webb Dock East in the Port of Melbourne,” says Christian R. Gonzalez, ICTSI Head of Asia-Pacific and the Subcontinent. Prior to ICTSI, Mr.
Easy Appointed Port of Melbourne CEO
The Australian State of Victoria's Minister for Ports informs that Nick Easy has been appointed as CEO of the Port of Melbourne Corporation. Port of Melbourne Corporation Chairman Mark Birrell said that the Port of Melbourne Board undertook an extensive recruitment and selection process and was very pleased to recommend Nick Easy to the Victorian Government for appointment. “The Board looks forward to Nick commencing in the role and provide strong leadership to the Corporation at this important time for the Port of Melbourne,” Mr Birrell said.
Vietnam, Australia, Dredging Contracts for Boskalis
Royal Boskalis Westminster N.V. (Boskalis) wins dredging contracts with a combined contract value of approximately EUR 70 million. In Melbourne, Australia, Boskalis has been awarded the dredging contract for maintenance dredging. The contract was awarded by the Port of Melbourne Corporation and is for a period of four years with two options for extension, each of three years. The dredging activities, which are to commence in March 2013, relate to the maintenance of the port basin and sections of the 60 kilometers access channel.
Australian Port Industries Market Research Report
An updated IBISWorld market research report reveals opportunities for growth in Australian port trades. According to IBISWorld industry analyst Caroline Finch, “IBISWorld forecasts compound annual revenue growth of 2.3% over the five years through 2012-13”. In the current year, the industry is expected to grow 7.0% to reach $3.39 billion. The report indicates that atrong growth in the value of total merchandise trade has been the primary driver behind the Port Operators industry's solid performance over the past five years.
Port of Melbourne Plans Large Expansion
Premier Ted Baillieu and Minister for Ports Denis Napthine announce trade figures at the Port of Melbourne surged in the 2011-12 financial year with a 9.1 per cent overall increase at Australasia’s busiest container and general cargo port. Mr Baillieu said in the 2011-12 financial year total port trade grew to 87 million revenue tonnes up from 79.7 million revenue tonnes in the previous year. Dr Napthine said the Port Expansion Project would ensure the Port of Melbourne continued to be a key economic asset for the state for many decades to come.
Jumbo Shipping, Pluto LNG Phase I
Jumbo Shipping’s heavy lift vessel Daniella has completed her 11th and final voyage for the Pluto LNG project in Dampier, Australia. Between October 2008 and October 2009 she transported 256 pieces of equipment for this project, including pre-assembled structures and pipe racks weighing up to 240 tonnes. HLV Fairlift has completed 12 voyages and will start the final phase of another 5 shipments. The Pluto LNG project in Dampier is developed by EPC-contractor Foster Wheeler WorleyParsons (FWW) for Australian energy major Woodside.