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OPC, CHEC ink deal for Puerto Cortes expansion [Shipping Line]

Operadura Portuaria Centroamericana SA de CV (OPC) has signed a contract with China Harbour Engineering Company (CHEC) for the first phase of the expansion of the Specialized Container and Cargo Terminal in Puerto Cortes, Honduras.

The first phase covers the construction of a 350-meter long berth with a controlling depth of 15.5 meters, two trestles that will be connected to the existing yard, and dredging of the bay up to 14 meters deep. The new berth will be equipped with two super post-Panamax quay cranes, bringing OPC’s total number of quay cranes to six.

Scheduled for completion by mid-2018, the terminal expansion will position Puerto Cortes as the most competitive port in the Caribbean. The port, located north and along the Atlantic coast of Honduras, is the country’s center of transportation and commerce. Considered to be one of the most important ports in Central America, it handles 85 percent of shipment to Honduras, 10 percent to El Salvador and five percent to Nicaragua.

In 2013, ICTSI was awarded a 30-year concession for the design, financing, construction, maintenance, operation and exploration of the Specialized Container and Cargo Terminal in Honduras.

Operadura Portuaria Centroamericana SA de CV (OPC) is a subsidiary of International Container Terminal Services, Inc.

Posted at 19:04   パーマリンク


Notice of Agreement to the Integration of Container Shipping Businesses [Shipping Line]

Kawasaki Kisen Kaisha, Ltd., Mitsui O.S.K. Lines Ltd., and Nippon Yusen Kabushiki Kaisha have
agreed, after the resolution by the board of directors of each company held today, and subject to
regulatory approval from the authorities, to establish a new joint-venture company to integrate
the container shipping businesses (including worldwide terminal operating businesses excluding
Japan) of all three companies and to sign a business integration contract and a shareholders
1. Background
Although growing modestly, the container shipping industry has struggled in recent years due to
a decline in the container growth rate and the rapid influx of newly built vessels. These two
factors have contributed to an imbalance of supply and demand which has destabilized the
industry and has created an environment that is adverse to container line profitability. In order to
combat these factors, industry participants have sought to gain scale merit through mergers and
acquisitions and consequently the structure of the industry is changing through consolidation.
Under these circumstances, three companies have now decided to integrate their respective
container shipping on an equal footing to ensure future stable, efficient and competitive business
The new joint-venture company is expected to create a synergy effect by utilizing the best
practices of the three companies. And by taking advantage of scale merit of its vessel fleet
totaling 1.4 million TEUs, realize integration effect of approximately 110 billion Japanese Yen
annually and seek swiftly financial performance stabilization.
By strengthening the global organization and enhancing the liner network, the new joint-venture
company aims to provide higher quality and more competitive services in order to exceed our
clients’ expectations.

2. Overview of the new joint-venture company
Item Outline
Contribution Ratio
Kawasaki Kisen Kaisha, Ltd. 31%
Mitsui O.S.K. Lines, Ltd. 31%
Nippon Yusen Kabushiki Kaisha 38%
Amount of
Approx. 300 Billion JPY
(Including fleets, share of terminals as investment in kind)
Business Domain Container Shipping Business
(Including terminal operating business excluding Japan)
Fleet Size Approx. 1.4 Million TEU*, 6th in the market with approx. 7% of global
Notes1) Figures are as of October, 2016 excluding order book
Notes2) Source: Alphaliner
*TEU: Twenty-foot Equivalent Unit

3. Schedule
Agreement date: October 31st, 2016
Establishment of the new joint-venture company: July 1st, 2017 (planned)
Business commencement: April 1st, 2018 (planned)

Posted at 17:19   パーマリンク


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