Cernak’s start date has not been finalised. “Mr. Cernak has big shoes to fill, but his experience as a port director and background in seaport engineering will be valuable assets to continue moving Port Everglades’ expansion projects in the right direction,” Henry said. 

Cernak has served as the Port Director and CEO for the Port of Galveston, TX, since 1999.  During this time period, the Port of Galveston’s revenues doubled and it became the top cruise home port in the Gulf of Mexico.  Among his notable accomplishments, Cernak initiated a proactive response to severe damage at the port from Hurricane Ike in 2008 so that cargo operations were able to resume in just eight days and cruise operations in 50 days.  He also negotiated a Project Cooperation Agreement with the U.S. Army Corps of Engineers to deepen Galveston Channel from 40 feet and 45 feet and secured federal funding for maintenance and new construction dredging to complete the project.  In the cruise sector, Cernak negotiated public/private development agreements with Royal Caribbean Cruise Line and Carnival Corporation to build two new cruise terminals.  Carnival’s 1,004-foot Carnival Magic began sailing out of Galveston in November, and Disney Cruise Line and Princess Cruises have agreed to homeport ships later in 2012.

Prior to moving to Texas, Cernak was the Manager of Port Development for The Port Authority of New York and New Jersey.  He also held engineering positions with several private engineering consultancies in New Jersey.  Cernak has a bachelor’s degree in Civil Engineering from Colorado State University and M.B.A. from Dowling College in Oakdale, NY.

Mitsui O.S.K. Lines (MOL), one of the world’s largest global multimodal transportation companies, is pleased to announce the appointment of a new shipping agent in Turkey. As of 1 February, Ocean Maritime Services Shipping Agency Tourism and Trading (OMS) will manage all MOL agency activities in Turkey, taking over from Dabkovich Maritime Agency, which traded as Inchcape Shipping Services Turkey.

By securing significant bank funding in a ‘risk averse’ environment, London Gateway has shown it has the credentials to become a world class trading hub when it opens next year.

Simon Brooks, European Investment Bank Vice President for the UK said: “This prestigious award recognises both the hard work of all involved in completing the London Gateway deal and acknowledges the challenge of finalising funding at a time of considerable financial uncertainty for what will be one of the United Kingdom’s most important private sector transport projects.”

Simon Moore, CEO London Gateway said: “Achieving this recognition is excellent news for DP World London Gateway. We are very pleased to have many respected institutions demonstrating a powerful vote of confidence in London Gateway’s value proposition. It’s great to see the world’s leading financiers recognise that importers and exporters will soon start making supply chain savings in 2013 by choosing London Gateway.”

Matthew Vickerstaff, Global Head of Infrastructure and Asset-Based Finance at Societe Generale said: “We are delighted to support one of the UK’s most important infrastructure projects, which will provide the deep water capacity required to keep the UK competitive in the global market.”

Sarmad Qureshi, Director of Finance at DP World Europe & Russia Region said: “We are very pleased to receive the award and would like to thank all our partners for their efforts in securing this important finance deal.”

London Gateway will open in Q4 2013 and it is set to become the premier UK logistics hub.  Offering 9.5 million square feet of logistics park space, independent sources predict 65 million road freight miles every year will be saved as supply chains shorten and significant valuable cost savings are achieved.  The world’s biggest ships will soon be able to call right in the heart of the UK’s trading centre.

Rod Morrison, Editor of Project Finance International, said: “The award is a fantastic achievement for DP World and its London Gateway project given the current financial climate.”

Note: Lenders – DnB NOR, European Investment Bank, HSH Nordbank, Investec, KfW, National Australia Bank, Societe Generale, Royal Bank of Scotland, Unicredit and West LB.

Both units are currently operating in Mundhra Port & Special Economic Zone (SEZ) – India’s largest private port and special economic zone situated in Gujarat. The third unit was commissioned in December, and is now being operated by Aditya CFS (a Mundhra CFS sister company) in the Port of Kandla.

With a time-proven reputation for rugged reliability and efficiency in demanding port terminal environments worldwide, the hydraulic Terex TFC 45 was chosen by Mundhra CFS for its dependable design and low maintenance requirements.

“October to April is the peak season for Mundhra CFS, and these machines will be working up to 22 hours a day in an extremely hot and salty environment,” says Nicolas Pricak, Terex after-sales engineer, India. “The TFC 45’s hydraulic system is extremely durable so they can  run virtually non-stop.”

Reliability was one of the reasons that motivated Mundhra Ltd’s purchase decision, as Captain Grewal explains, “Our TFC 45s’ long-interval maintenance design is something that we can rely on to handle our customers’ port logistic infrastructure’s high throughput. For this application, a time proven and reliable design was of paramount importance, and our three new TFC 45 reach stackers have precisely that reputation.”

About the Terex® TFC 45 reach stacker

Reputed for its rugged reliability and efficiency in challenging port terminal environments, the Terex TFC 45 is one of the company’s most popular, time-proven models. Offering maximum lifting capacities up to 45-tonnes – 1st row (50 US tons), 27-tonnes – 2nd row (30 US tons) and 13-tonnes – 3rd row (14 US tons) for full, bulk and high-cube containers up to 5-high on the first row, the hydraulic TFC 45 is available in standard “spreader” and “special attachment” versions tailored to a wide range of applications.