Ports America Names Surett CFO
New Jersey-headquartered marine terminal operator and stevedore Ports America Group, Inc. has named Richard Surett as its new chief financial officer.Surett has been with Ports America since 2010 and most recently held the position of senior vice president, FP&A and treasury. He is a financial professional with more than 20 years of experience in mergers and acquisitions, debt and equity financings and financial planning and analysis.
Montgomery Named CEO of Ports America
New Jersey-headquartered marine terminal operator and stevedore Ports America Group, Inc. has appointed Mark Montgomery as president and CEO. He replaces former president and CEO, Michael Hassing.Montgomery was previously president and CEO of Ports America Chesapeake (PAC) from 2010 to 2014, and currently serves as a senior advisor and operating partner to the Infrastructure Investing strategy of Oaktree Capital Management, L.P. (Oaktree), where he brings more than 30 years of maritime industry experience.Montgomery led the company through a successful Public Private Partnership with the Maryland Port
Port of Oakland Boosts Night, Weekend Work
Subsidy extended, largest marine terminal adds functions to night gates A $1.5 million subsidy program to stimulate night and weekend business at the Port of Oakland has been extended. The port’s largest marine terminal operator responded saying it will use the program to further expand weeknight operations. The announcement comes as the Port abandons its traditional 8 a.m. to 5 p.m. operating model. “The old way doesn’t work any longer,” said Port Executive Director Chris Lytle. “There’s too much business; we have to stay open longer to get cargo
Haiti’s Port Lafito Officially Opens
Sister Seaport agreement was signed between Port Lafito and..port-logo in order to collaborate on the exchange of information and ideas, with the aim to increase cargo and trade between ports. Port Lafito partnered with SSA Marine, the world’s largest independent and privately-held marine terminal operator, to oversee the port and terminal operations. In addition, Port Lafito installed two Liebherr LHM 420 mobile harbour cranes that are the first of their kind in the Caribbean and finalized agreements with Evergreen Marine and King Ocean Services to include Lafito as a port of call. The