Latest news from Heavy Lift & Project Forwarding International Magazine

Metalmark invests in T. Parker Host

Having acquired the 254 acre (102 ha) Avondale Shipyard in New Orleans, USA in October, maritime services provider T. Parker Host has received strategic investment from private equity firm Metalmark Capital.

Host acquired a controlling interest in the Avondale Shipyard – a historic property located along the Mississippi River, with significant warehousing and storage capabilities – from Huntington Ingalls Industries via a partnership with Hilco Real Estate.

With five docks and over a mile of waterfront, Host plans to connect the site to six Class 1 railroads via the New Orleans Public Belt Railroad, through an agreement signed with the port of New Orleans in October.

Following the investment from Metalmark, Adam Anderson, ceo of Host, will remain the majority shareholder, while Andrew Capland and Kelsey Host will continue to be partners in the company.

Financial terms of the transaction were not disclosed.

www.tparkerhost.com

www.metalmarkcapital.com

www.portnola.com

Heavy Lift | News

DP World commits to Kazakhstan thumbnail image

DP World commits to Kazakhstan

March 11 - Dubai-headquartered DP World has reaffirmed its intention to invest in new port and logistics infrastructure in Kazakhstan, following the signing of two framework agreements relating to special economic zones (SEZ) in Aktau and Khorgos.
Views: 1358
High five for Vladivostok thumbnail image

High five for Vladivostok

February 28 - The Commercial Port of Vladivostok, part of the Fesco Transportation Group, will receive five port cranes in 2020.
Views: 2192
Oaktree invests in Watco thumbnail image

Oaktree invests in Watco

January 9 - Oaktree Capital Management has formed a strategic partnership with Watco Companies that will see the Los Angeles-based private equity firm invest USD450 million in the Kansas-heaquartered transportation company.
Views: 3300

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.