The only member to survive the chop is the operations manager.
HPH acquired the terminal from NYK line in December 2008, following a share swap deal. Nevertheless, the radically designed Ceres Paragon terminal, which opened for business in 2001 offering a capacity of 1m teu, has both struggled to retain existing customers and attract new ones.
Currently, just NYK uses the facility, whose throughput halved to 200,000 teu last year.