K-Line Lets America Ports In on Container Terminal Action
- Business & Finance
KAWASAKI KISEN KAISHA, LTD. (K Line) has agreed on a transfer of a partial stake in International Transportation Service, Inc. (ITS) to Ports America.
ITS, which is a wholly-owned subsidiary of “K” Line, has operated container terminals in Long Beach and Tacoma for more than 40 years.
ITS was the pioneer in providing on-dock double stack rail service to its customers, which enable them to have direct delivery across North America, especially to inland delivery points in the mid-west.
According to K Line, the partnership with Ports America, which operates terminals throughout the U.S., “will further enhance “K” Line’s terminals with high operating standards, improved efficiency, quality service and cost competitiveness.”
This will enable ITS to handle ultra-large containerships and continuously support “K” Line’s transpacific service.
Ports America provides stevedoring services to “K” Line in Oakland for containerships and in Jacksonville, Newark, Brunswick and Charleston for car carriers.
“With this transfer of a partial stake in ITS to Ports America, ITS will be well positioned to meet its core objectives and to ensure a successful strategic partnership between “K” Line and Ports America,” said K Line.
Press Release; July 31, 2014