PNC is the largest terminal in the port of Pusan with 5.25m TEU capacity, handling 34% of the new port volumes. The New Port of Pusan began operations in 2006, and operates 23 container berths connecting to 500 ports in 100 countries. Overall, the Port of Pusan is the 6th largest port worldwide with volumes of 19.5m TEU in 2015 and accounts for approximately 75% of total container volumes in South Korea.

Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World, said: “We are delighted to announce the increase of our stake in Pusan Newport Company Limited, which is the largest terminal in the port of Pusan and a major gateway hub of Northeast Asia. We expect the port of Pusan to remain an important part of our global network and this investment further underlines our commitment to South Korea.”

NEIP III is an investment company managed by Finint & Partners having interests in several medium size specialised Italian industrial companies with significant growing potential.

BP, formerly Battioni & Pagani and lately trading as BP Handling Technologies, is an historic name of the Italian material handling equipment industry active in the side loader segment since 1959. BP belongs to PAGANI HOLDING that also owns a manufacturing business that is the world leader in the sector of vacuum pumps for agricultural and industrial applications.

CVS Ferrari is an established manufacturer of mobile container handling and heavy cargo handling machines, which has gained market space and identity as supplier of advanced, robust and reliable equipment for intensive use and for its agility in designing and building customized solutions for its public.

CVS Ferrari has been on an impressive growth path since the acquisition by Manitex International in 2010. A result essentially pursued through the focalization on the vertical lift mobile equipment namely reach stackers and container handling lift trucks and heavy duty forklifts. In particular in the last three years CVS Ferrari has re?designed the entire product range in continuity with its landmark product quality, superior availability and economy of run, enjoying a very positive market reception.

BP Handling Technologies in the last few years has made considerable investments in the development of a brand new hybrid technology protected by several international patents. A technology that when applied to “masted” container handling equipment generates unprecedented results in terms of operating costs reduction, performance improvements and environmental footprint lowering. Results that have been certified by major international independent inspection bodies.

The Board of Commissioners of the Port of New Orleans has announced that, effective 1 January 2017, Brandy D. Christian has begun service as the Port’s president and chief executive officer following her two-year tenure as its chief operating officer.

“Brandy is an experienced maritime professional with a strategic mindset and clear focus on actionable goals,” said Chairman of the Board of Port Commissioners Michael Kearney. “The Board’s competitive national search for a COO was part of an executive succession plan. We had hoped the successful candidate would eventually be able to lead the Port. Brandy exceeded our expectations by quickly understanding our challenges, identifying opportunities to improve efficiencies, and developing a plan for future growth. She is the right person to lead the Port in today’s increasingly competitive environment.”

Christian’s credentials include broad maritime experience encompassing cargo and cruise operations. Prior to her service as COO with the Port of New Orleans, she held leadership positions with the Port of San Diego for 14 years, culminating in her role as vice president, strategy and business development. During her tenure with California’s fourth-largest cargo port, Christian was the driving force behind securing major accounts for the cruise and cargo business lines at the Port. She was also instrumental in significantly improving operational processes and reducing costs for the public agency.

“I am honored to build on the Port of New Orleans’ legacy of leadership by embracing growth opportunities and partnering collaboratively with stakeholders locally and throughout the state for our collective benefit,” said Christian. “We are capable of achieving great successes, and will need to be both bold and practical to reach our goals. I look forward to meeting the challenge.”

Christian is the first woman President and CEO in Port NOLA’s 120-year history and one of the few women port directors in the country. She succeeds Gary LaGrange, who served as president and chief executive officer for the past 15 years.