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ACT signed contract for cranes

ACT signed contract for cranes
ACT has signed a contract for two new Ship-To-Shore (STS) gantry cranes that have 18 row outreach and high productivity to serve customers more efficiently.

ACT has signed a contract for two new Ship-To-Shore (STS) gantry cranes that have 18 row outreach and high productivity to serve customers more efficiently.

ACT has signed a contract for two new Ship-To-Shore (STS) gantry cranes that have 18 row outreach and high productivity to serve customers more efficiently. The cranes will be operational in the first quarter of 2010 and will be built in Shanghai by ZPMC. Equally important, ACT also invested in six, new Rubber Tyred Gantries (RTG) expected to be in operation by the end of the second quarter of 2009. The investments will increase the terminals' yard capacity and improve trucker turnaround times at the terminal. These investments in container handling equipment complement 2008's investments in container yard equipment.

Eng. Imad Fakhoury, CEO of the Aqaba Development Corporation (ADC) and Chairman of the Board of ACT, said 'The recent investments are earmarked to strengthen the status of the container terminal by enriching its capabilities to provide services around the clock, maintain high performance standards, and apply international best practices of successful port facilities. The investment also shows our belief in the future and ACT's commitment to the Jordanian transportation sector. This investment is part of 2008-2012 ACT Business Plan and expansion program that will expand and enhance Aqaba's multi-modal positioning as the logistical and trade gateway of choice for the Levant region.'

Mr. Klaus Holm Laursen, ACT CEO, said, 'Upgrading our facility and services reflects our ambitious plans to increase the terminal's capacity to position ACT as an attractive and reliable gateway to Jordan, the Levant and especially the exciting Iraqi market.'

Effective April 30th, 2009 until the end of this year, ACT will be offering shipping lines a 30% discount on stevedoring charges for transit cargo declared with Iraq as its final destination.

ACT Company is a joint venture between Aqaba Development Corporation (ADC) which is the government's central development vehicle for the Aqaba Special Economic Zone (ASEZ) and APM TERMINALS one of the world's leading container terminal operators. It represents the first Public Private Partnership (PPP) initiatives launched by ADC as part of its program to rehabilitate and expand port terminals of Aqaba and wider logistical and transport infrastructure within ASEZ.

APM Terminals, with over Dhs3bn in revenues and over 60 customers in the container ship industry, is one of the world's leading providers of container port operations in 34 countries. Leveraging years of shipping experience and the strength of the A.P. Moller-Maersk Group, APM Terminals provides the port capacity and high productivity operations necessary to serve the constantly changing needs of the international trade sector.

With world headquarters in The Hague, Netherlands and a Global Terminal Network of 50 ports, including 26 port projects. APM Terminals' goal is to be the port industry's leading operator. The company invested Dhs723m in new ports and port projects in 2008, complementing 2007's investments of Dhs850m.

www.TurkishMaritime.com.tr

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