Latest news from Heavy Lift & Project Forwarding International Magazine

APM and Compas combine in Colombia

August 14 - Colombia based port and terminal operator Compañia de Puertos Asociados (Compas) signed a joint venture agreement with APM Terminals that will see the latter manage Compas' existing multipurpose Cartagena Terminal.

APM Terminals will hold a 51 percent majority share in the joint venture while Compas will continue as the concession holder.

The Compas Cartagena Terminal has an annual throughput capacity of 250,000 teu and 1.5 million tonnes of general cargo. The new venture intends to invest over USD200 million to upgrade and expand the facility, tripling throughput capacity in time for larger vessels transiting the Panama Canal, said APM.

"Compas has the service reputation and expertise in Cartagena and Colombia that ideally fits our Latin America partner strategy and port development ambitions. We look forward to working with them on developing the Cartagena terminal further," added Joe Nicklaus Nielsen, APM Terminals vice president and global head of container business development.

Heavy Lift | News

Port of Açu names José Firmo as CEO thumbnail image

Port of Açu names José Firmo as CEO

September 16 - The port of Açu – a privately owned industrial complex in São João da Barra, Brazil – has appointed José Firmo as its ceo, effective November 1.
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MIS moves engine across Oman thumbnail image

MIS moves engine across Oman

September 13 - Muscat International Shipping & Logistics (MIS) has transported a 140-ton (127-tonne) Wärtsilä engine from a power station in Khasab to Duqm, Oman.
Views: 604
XLP gathers in Dubai thumbnail image

XLP gathers in Dubai

September 13 - Almost 160 delegates from around the world gathered in Dubai last week for the XLProjects (XLP) annual general meeting (AGM).
Views: 469

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