TraPac – Pacific Maritime Magazine

17 Sep

TraPac Names New President-CEO

Karen Robes MeeksNews, News Briefs, PMM Online Newsdpworld, newsmakers, psa, TraPac

Cameron Thorpe, the former chief executive officer of container handling company PSA Belgium, is the new president and CEO of TraPac, which operates container terminals at the Los Angeles and Oakland seaports, TraPac Holdings, LLC said Sept. 5. Thorpe, who officially began his new role Sept. 9, is tasked with leading “the company’s overall performance, with a strong emphasis on safety, environmental stewardship, customer satisfaction, operational excellence and governance,” the company said. Thorpe brings to the table more than 30 years of experience in global container shipping and terminal business. At PSA Belgium, he oversaw a program that bolstered capacity…

14 Nov

ONE Completes Majority Purchase of TraPac, Yusen Terminals

Karen Robes MeeksNews, News Briefs, PMM Online Newsone, TraPac, yti

It’s official: Ocean Network Express (ONE) has acquired a majority stake in the TraPac and Yusen container terminals in Los Angeles and Oakland. ONE announced Nov. 6 that it has secured the regulatory approvals required for a 51% stake in TraPac and YTI, as well as a 20% stake in Rotterdam World Gateway. It’s a move that strengthens ONE’s presence on the U.S. West Coast, North Europe and Southeast Asia. The acquired West Coast terminals alone have a combined capacity of 4.3 million TEU per year, according to ONE. “Container terminals are a critical link in the supply chain with…

23 May

Port of Oakland Amends TraPac Lease to Include Green Cargo Handling Equipment

Karen Robes MeeksNews, News Briefs, PMM Online Newsportofoakland, TraPac

The Oakland Board of Port Commissioners has altered terminal operator TraPac’s lease to include sustainable improvements to cargo handling equipment at its facilities, a major step in greening operations, the port announced May 18. The amendment marks the first time the port is adding language to a terminal operator’s lease that cargo handling equipment be updated to lower pollution. “This landmark lease agreement will bring the port closer to its goal of achieving zero emissions operations,” port Executive Director Danny Wan said in a statement. The port is incentivizing TraPac’s efforts, offering to reimburse the terminal up to 35% (or…

03 Jan

Ocean Network Express Acquiring West Coast Container Terminals

Mark Edward NeroNews, News Briefs, PMM Online NewsKLine, MOL, NYK, OceanNetworkExpress, TraPac, Yusen

Japan-based shipping company Ocean Network Express (ONE) on Dec. 27 revealed that it has signed agreements to acquire a 51% stake in two terminal operators – TraPac LLC and Yusen Terminals (YTI), which are both currently held by Mitsui O.S.K. Lines, Ltd. – and a shipping company, Nippon Yusen Kabushiki Kaisha, commonly known as NYK Line. TraPac is a container terminal operator and vessel stevedore that provides container terminal services in Los Angeles and Oakland. YTI is a container terminal operator and vessel stevedore that provides container terminal services in Los Angeles. “These acquisitions are part of the integration of…