Ports America has new CEO

Ports America announced the appointment of Matthew Leech as president and CEO, effective November 2022.

He will succeed Mark Montgomery, who will retire as chief executive officer and continue to support the company in an advisory role.

“Ports America is poised for growth, and Matt is the right leader to take this exceptional business forward,” said Montgomery.

“He has a deep understanding of Ports America and shares the valuedriven focus that differentiates our organization. Under Matt’s...

https://container-news.com/ports-america-has-new-ceo/

Gateway Terminals handles first box in Savannah

At the Port of Savannah today, representatives from Gateway Terminals, the International Longshoremen’s Association and the Georgia Ports Authority (GPA) joined to mark the first container moved under the direction of Gateway, a new joint venture company that combines, locally, the three legacies of Ports America, Ceres Marine Terminals, and SSA Atlantic.

“This is an exciting opportunity to coordinate and bring together three great companies and a best-of-class ILA operation into a world-class...

https://www.marinelog.com/inland-coastal/ports-terminals/gateway-terminals-handles-first-box-in-savannah/

FMC raises concerns over Ports America acquisition

Federal Maritime Commissioners Carl W. Bentzel and Louis E. Sola have written a letter to United States Secretary of the Treasury Janet Yellen expressing concern with the potential investment proposed by the Canada Pension Plan Investment Board (CPP Investments) to acquire Ports America.

Late in September, CPP Investments announced a definitive agreement to completely take over North America’s largest marine terminal operator, Ports America, through the acquisition of interest from funds managed...

https://container-news.com/fmc-raises-concerns-over-ports-america-acquisition/

US regulators balk at billion-dollar takeover of Ports America

Two U.S. Federal Maritime commissioners concerned about foreign ownership of American supply chains want federal officials to conduct a “full and thorough review” of the proposed purchase of Ports America by a Canadian pension fund.

In a letter sent last week to U.S. Treasury Secretary Janet Yellen, FMC Commissioners Carl Bentzel and Louis Sola warned that the proposed acquisition by the Canada Pension Plan Investment Board (CPP Investments) could run counter to U.S. economic interests.

“CPP...

https://www.freightwaves.com/news/us-regulators-balk-at-billion-dollar-takeover-of-ports-america

Three terminal operators form joint venture to improve Savannah efficiency

A photograph of containers at a terminal.

Three companies have formed the joint venture Gateway Terminals in an effort to increase efficiency at the Port of Savannah.

Ports America, Ceres and SSA Atlantic have consolidated container terminal, truck gate and stevedoring services in order to take advantage of “compelling” growth opportunities, especially  “in light of the tremendous increase in demand for services to support Georgia Ports Authority (GPA), the nation’s third busiest container port complex,” GPA noted in a release Thursday.

“...

https://www.freightwaves.com/news/three-terminal-operators-form-joint-venture-to-improve-savannah-efficiency

Η Ports America αλλάζει χέρια

Η επενδυτική εταιρεία Canada Pension Plan Investment Board (CPP Investments), σύμφωνα με δελτίο Τύπου που εξέδωσε, ανακοίνωσε τη σύναψη οριστικής συμφωνίας για την απόκτηση του 100% της Ports America, μέσα από την εξαγορά κεφαλαιακών μεριδίων που διαχειριζόταν η Oaktree Capital Management. Αξίζει να σημειωθεί ότι η Ports America αποτελεί τον μεγαλύτερο διαχειριστή λιμενικών τερματικών σταθμών στη Βόρεια Αμερική.

Η CPP Investments κατείχε ένα μειοψηφικό μερίδιο στην Ports America από το 2014,...

https://www.naftikachronika.gr/2021/10/10/i-ports-america-allazei-cheria/