Ports America to purchase 30% stake in terminal operator

Twitter
Facebook
LinkedIn
Email

Through a strategic partnership with ‘K’ Line (Kawasaki Kisen Kaisha), Ports America announced it will purchase a 30% stake in International Transportation Service (ITS).

Ports America’s expertise and industry-leading technology will be utilised in ITS’ gate, yard and vessel operations.

To expand the container terminals, Ports America’s management team will apply its successful business development and market growth strategies.

Ports America president/CEO Michael Hassing said: “Ports America realises the significance of innovation and the need for continued capital improvement and expansion.”

The date of the transfer will occur after regulatory approvals, expected in late August 2014.

Daily Email Newsletter

Sign up to our daily email newsletter to receive the latest news from Port Technology International.
FREE

Supplier Directory

Find out how to get listed

Webinar Series

Find out how to attend

Latest Stories

Cookie Policy. This website uses cookies to ensure you get the best experience on our website.