APM Terminals Breaks Ground for US$34.5M Modern Facility

first_imgIn compliance with its 25 years concession agreement, the management of APM Terminals (APMT) yesterday broke ground for the construction of its US$34.5m modern terminal in the compound of the National Port Authority (NPA).This project, according to APMT managing director, George G. Adjei, is part of its phase-two development and it is expected to be completed within a period of 23 months.“This is yet another manifestation of APM Terminals’ commitment towards supporting the government of Liberia in the country’s development agenda,” said MD Adjei.What he described as the port “modernization project” would include state-of-the-art safety features, a new administrative and operational building, yard pavement, new cargo gates with various channels, and real time updates of container movement.Other facilities he said, conventional drainage system, biometric access control system, closed circuit television (CCTV) system, and a GPS-based container location system.When completed, the modern container terminal will have a storage capacity of over 10,000 twenty-foot equivalent units (TEUs), well positioned to serve the Liberian economy as well as the transit trade, he added.According to him, the occasion symbolizes a clear manifestation of our commitment towards continuous enhancement of the supply chain processes for all stakeholders in Liberia’s port industry.“Some four years ago APM Terminals Liberia limited and the government signed 25 year concession agreement that mandated us to develop and operate this terminal,” he said, A key component, the APM Terminals boss, said “was the reconstruction of the quay that had not seen any major maintenance since it was built in the 1940s,” adding, “indeed, the quarry had reached a state of imminent collapse if nothing was done to remedy the situation.“It goes without saying that a collapsed quay wall would have caused an irreparable damage to the logistical supply chain of the economy.”In compliance with the concession agreement, the APMT boss said, “his institution has reconstructed and delivered a new and functional 600 meter quay with a 50-year warranty.” This quay project, he noted was completed three months ahead of schedule at a cost of US$50 million.“We have developed a group of young Liberian civil and structural engineers who are supporting the safety supervision as well as the quality assurance efforts of this project,” Mr. Adjei disclosed. He furthered that the existing stacking areas will become more compressed, resulting in block-stacking of containers and increased yard density, adding that APMT Liberia’s import cargo volume has increased by 33 percent comparing the first half of 2015 with the same period of 2014.The APM manager added that the reduced yard space, resulting from the construction and the recent surge in volumes, will undoubtedly adversely affect service delivery during the course of the project.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

Horgan reaffirms fight against U.S. softwood lumber duties

first_img“The U.S. continues to attack its closest friend, neighbour and ally while domestically the U.S. lumber coalition continues to put the interest of its members ahead of what is good for the American economy and American consumers,” said Bruce Ralston, Minister of Jobs, Trade and Technology. “The U.S. lumber industry cannot produce enough lumber to meet U.S. demand. A reliable source of softwood lumber products from B.C. and Canada will benefit the U.S. housing industry and American home-buyers.”B.C. will be supporting the federal government in appealing the U.S. Department of Commerce’s findings. The appeals cannot be filed until after the U.S. International Trade Commission issues its determination in December.“The dispute with the U.S. highlights the need to grow other markets for B.C. wood products. To that end, I’m leading a forestry sector trade mission with over 35 senior forestry executives to China and Japan later this month. This mission builds on previous work done to grow these important markets,” said Forests, Lands, Natural Resource Operations and Rural Development Minister Doug Donaldson. “As well, we’re also committed to expanding our innovative wood products sector and developing public sector procurement policies that prioritize the use of B.C. wood.” VICTORIA, B.C. — B.C. Premier John Horgan said today that his government is committed in the fight against duties imposed by the United States in the ongoing softwood lumber dispute.Today, the American Department of Commerce announced that the final duty rate of 20.83 percent will be applied to the majority of Canadian softwood lumber shipments entering the U.S. The Department of Commerce’s final countervailing duty rate was set at 14.25 percent, a decrease from the preliminary rate of 19.88 percent announced in the Spring. The final anti-dumping duty rate will be 6.58 percent, which was dropped by only .29 percent.Four other major forestry companies had the following rates imposed:Canfor: 13.24% (CVD) 8.89% (ADD)Irving: 3.34% (CVD)Resolute: 14.7% (CVD) 3.2% (ADD)Tolko: 14.85% (CVD) 7.22% (ADD)West Fraser: 18.19% (CVD) 5.57% (ADD)- Advertisement -“We will continue to fight for the 60,000 British Columbians who depend on forestry,” said Premier Horgan. “The forest sector is an integral part of B.C.’s sustainable economy, and we will make sure workers, families and communities have the support they need to mitigate the impact of these duties. The reduction in rates by the U.S. Department of Commerce further indicates the strength of our appeal case and strengthens our resolve to fight for B.C.”About half of Canada’s softwood lumber exports to the United States originate from British Columbia, and the United States is British Columbia’s largest market for softwood lumber products. Over the past year, high lumber prices have helped to mitigate the impact of the softwood lumber duties on B.C. companies.“This trade action is being driven by the protectionist United States lumber lobby, whose sole purpose is to constrain imports of high-quality Canadian lumber and to drive up lumber prices for their own benefit,” said Susan Yurkovich, president of the BC Lumber Trade Council. “This trade action ultimately punishes American consumers who are now paying higher prices for Canadian lumber when they buy, build or renovate their homes.”Advertisementlast_img read more