Latest news from Heavy Lift & Project Forwarding International Magazine

Watco takes control of Industrial Terminals

Watco Companies has acquired the leasehold ownership of Industrial Terminals from Industrial Maritime Carriers (IMC) and Intermarine.

Watco - owner and operator of Greens Port Industrial Park located on the Houston Ship Canal - has acquired the adjacent Industrial Terminals facility. The parties have entered into a long-term agreement that will see Intermarine continue to use the Industrial Terminals facility.

Industrial Terminals consists of three deepwater berths designed for heavy lift and breakbulk cargo handling. It also features 90 acres (36.4 ha) of marshalling and storage areas, direct rail and truck access alongside the ship berths, as well as a barge terminal.

Watco has also entered into a long-term agreement with Intermarine for the provision of stevedoring and terminal services. Intermarine staff will remain located at Industrial Terminals. Combined, the two properties are comprised of 746 acres, seven berths and more than 5,000 ft (1,524 m) of dock space.

"Our ocean carriage business has evolved with the changes in the market and the transaction with Watco will allow us to seamlessly and efficiently continue operations at Industrial Terminals, while focusing on our core liner and worldwide chartering services," said Michael Dumas, president of Maritime Holdings and chief financial officer of Intermarine. "Our partnership with Watco will allow Intermarine to expand its services to better accommodate our clients."

Watco said that the combination of Industrial Terminals with its existing Green Ports assets will enable it to provide additional berthing and yard capacity, while expanding its service offerings to its customers in Houston.

"We are very excited to add the Industrial Terminals assets to the Greens Port Industrial Park and enter into a long term agreement with IMC. The combined assets will allow us to expand the service offerings and provide unparalleled service to IMC and its customers. We are looking forward to expanding the partnership with IMC and growing this business," said Bill Kinzeler, vice president of network strategy for Watco Terminal and Port Services.  

 

www.watcocompanies.com

www.intermarine.com

Heavy Lift | News

Modulift performs locomotive lift thumbnail image

Modulift performs locomotive lift

May 24 - Modulift has provided equipment to lift a steam locomotive, built in 1926, on behalf of Swanage Railway, a tourist attraction in the UK.
Views: 374
Fesco and RZD team up to link Europe and Asia thumbnail image

Fesco and RZD team up to link Europe and Asia

May 24 - Fesco Transportation Group and Russian Railways Logistics (RZD Logistics) are launching a Trans-Siberian multimodal service to expedite the delivery of goods from Japan to Europe via Russia.
Views: 499
USA ends steel and aluminium tariffs on Canada and Mexico thumbnail image

USA ends steel and aluminium tariffs on Canada and Mexico

May 24 - The USA is removing steel and aluminium tariffs imposed on Canada and Mexico under Section 232 of the Trade Expansion Act of 1962, with all retaliatory tariffs on US goods and any pending litigation also coming to an end.
Views: 448

Heavy Lift Across The World

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