Finance News
Maher expands Canadian presence
Thu, 8 Jul 2010
Maher Terminals is set to take a lead role in the operation of a new US$350m container terminal in Canada after signing an agreement with Melford International Terminal (MIT).
US-based terminal operator Maher – which operates terminals in New Jersey, US, and Prince Rupert, Canada – will become a shareholder in what will be known as Maher Melford Terminal near Melford in Nova Scotia and has also entered into a service agreement for the new facility.
MIT, a privately-owned Nova Scotia company, is developing the 127.5ha (315 acre) box terminal, an intermodal on-dock rail facility and a 607ha logistics park on the mainland side of the Strait of Canso in Nova Scotia.
Maher Melford Terminal will feature deep water berths of 18.3 metres (60ft) at mean low water, an ice-free 30.5-metre deep channel and no air draught restrictions.
Phase 1 of the project is will comprise two berths with initial projected capacity of 1.5m teu per year. Commercial operations are expected to begin by 2013, dependent on market demand.
Cargo Systems understands that the terminal will is actively considering becoming the first terminal in the world to operate using Gottwald’s Lift AGV, the new automatic guided vehicle with a lifting platform that enables its work cycles to be decoupled from those of the stacking cranes.
According to MIT, the terminal will enable the most direct and convenient service for intermodal trade between North America and emerging Asian markets, through on-dock rail access to key markets throughout Canada and the US.
“We could not have a better partner than Maher to establish the Maher Melford Terminal as a strategic gateway for cargo moving between Asia and North America,” said MIT president Paul Martin.
“Maher’s most recent experience in container terminal development at Maher’s Fairview Terminal in Prince Rupert, which opened in 2007, provides an invaluable benefit for the development and commercialisation of Maher Melford Terminal.”
John Buckley, president and CEO of Maher, said, “We are excited to have the opportunity to work with MIT to develop what will be a comprehensive and highly efficient container gateway on a greenfield site on the East Coast.
“Such opportunities are rare and the increased capacity and efficiencies realised from a modern terminal are substantial. With a presence on both the East and West Coasts of North America, Maher will be well positioned to offer customers a world-class quality service between North America and Asia.”
US-based terminal operator Maher – which operates terminals in New Jersey, US, and Prince Rupert, Canada – will become a shareholder in what will be known as Maher Melford Terminal near Melford in Nova Scotia and has also entered into a service agreement for the new facility.
MIT, a privately-owned Nova Scotia company, is developing the 127.5ha (315 acre) box terminal, an intermodal on-dock rail facility and a 607ha logistics park on the mainland side of the Strait of Canso in Nova Scotia.
Maher Melford Terminal will feature deep water berths of 18.3 metres (60ft) at mean low water, an ice-free 30.5-metre deep channel and no air draught restrictions.
Phase 1 of the project is will comprise two berths with initial projected capacity of 1.5m teu per year. Commercial operations are expected to begin by 2013, dependent on market demand.
Cargo Systems understands that the terminal will is actively considering becoming the first terminal in the world to operate using Gottwald’s Lift AGV, the new automatic guided vehicle with a lifting platform that enables its work cycles to be decoupled from those of the stacking cranes.
According to MIT, the terminal will enable the most direct and convenient service for intermodal trade between North America and emerging Asian markets, through on-dock rail access to key markets throughout Canada and the US.
“We could not have a better partner than Maher to establish the Maher Melford Terminal as a strategic gateway for cargo moving between Asia and North America,” said MIT president Paul Martin.
“Maher’s most recent experience in container terminal development at Maher’s Fairview Terminal in Prince Rupert, which opened in 2007, provides an invaluable benefit for the development and commercialisation of Maher Melford Terminal.”
John Buckley, president and CEO of Maher, said, “We are excited to have the opportunity to work with MIT to develop what will be a comprehensive and highly efficient container gateway on a greenfield site on the East Coast.
“Such opportunities are rare and the increased capacity and efficiencies realised from a modern terminal are substantial. With a presence on both the East and West Coasts of North America, Maher will be well positioned to offer customers a world-class quality service between North America and Asia.”
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