Ports America expands at Long Beach
Ports America is expanding its box operations at the Port of Long Beach, with a 30% stake in rival container terminal operator, International Transportation Service (ITS).
Through a strategic partnership with K Line, the company will work to introduce Ports America technology and safety programmes to ITS’ gate yard and vessel operations. Ports America says it will also work to develop market growth strategies to expand its container terminal business.
“We are pleased to extend our relationship with K Line through this investment. Ports America realises the significance of innovation and the need for continued capital improvement and expansion,” said Michael Hassing, president, Ports America.
Ports America is the largest terminal operator and stevedoring company in the United States, providing stevedoring services to K Line in Oakland for containerships and in Jacksonville, Newark, Brunswick and Charleston for car carriers.
ITS is a wholly-owned subsidiary of K Line that has operated container terminals in Long Beach and Tacoma for more than 40 years.
Regulatory approvals are expected later this month.