APM Terminals Partners with Brookfield (USA)

APM Terminals and Brookfield Asset Management announced the formation of a joint venture at APM Terminals’ Port Elizabeth, New Jersey facility, subject to the Port Authority of New York/New Jersey and regulatory approvals which are targeted to be received in the next couple of months.

The joint venture company, APM Terminals Elizabeth, a Brookfield and APM Terminals joint venture, will be equally owned by Brookfield and APM Terminals. The current APM Terminals management team consisting of Brian Clark, Managing Director, and his Elizabeth management/supervisory team will continue to perform their roles on behalf of the joint venture. Clark will report to the joint venture’s Board of Directors, which is comprised of APM Terminals and Brookfield representatives.

Kim Fejfer, CEO of APM Terminals, said: “We are entering into this partnership to strengthen our presence in the Port of New York/New Jersey. Brookfield is a leading real estate investor in this market, and has a substantial presence in the Port – with its recent Port Authority partnership at the World Trade Center West Concourse. Brookfield is also a leading global infrastructure investor, with significant infrastructure holdings in a number of countries in Latin America and Europe where we operate terminals and inland facilities.”

We’re excited about the new partnership,” said APM Terminals Elizabeth Managing Director, Brian Clark. “We know Brookfield is an important player in our market, and we’ve had a chance to get to know their senior staff in connection with this transaction. They share our commitment to safety, customer service and efficiency. These will be our focus in the new JV structure, just as they are today.”

Press Release, February 20, 2014

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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