Watco Companies, owner and operator of Greens Port Industrial Park, has acquired the assets of Industrial Terminals, and entered into a long-term lease for the use and operation of the Industrial Terminals facility.
Industrial Terminals is located on the Houston Ship Channel, directly adjacent to Greens Port. In concurrence with the sale of the terminal assets, Intermarine, through its operating company, Industrial Maritime Carriers, (IMC), and Watco have entered into a long-term agreement for Watco to provide stevedoring and terminalling services for Intermarine and its customers. Watco has also executed an agreement for Gulf Stream Marine to provide stevedoring and terminalling services at the facility as they have done since 2004.
The Industrial Terminals facility consists of three deep-water berths, specifically designed for heavylift and breakbulk cargo, and more than 90 acres of cargo marshalling and storage area. The facility has direct rail and truck access alongside the ship berths as well as a barge terminal.
Greens Port consists of 655 acres, with more than three million square feet of warehouse space, multiple Class I rail access, and several deep-water barge and vessel berths. The combination of Industrial Terminals’ assets and Greens Port’s assets provides Greens Port with additional berthing and yard capacity.
It also provides them with an asset base which will allow Watco to further expand its service offerings to Houston Customers. These assets include a comprehensive cargo handling shop with stevedoring, terminalling, distribution, storage, and inventory management services for nearly every commodity and form of transport including: bulk, breakbulk, liquids, project cargo, and containerised cargoes.
As a gateway to North America, Greens Port’s connectivity to the UP, BNSF, and KCS expands its Customers’ market reach across the United States, Mexico, and Canada through all modes of transportation while also linking them to Watco’s 87 ports and terminals, 36 North American short line railroads, and its 31 railcar repair shops.
Watco’s Supply Chain Services division seamlessly integrates these services to provide Customers with a cost-effective, logistics solution to enhance their competitiveness in the global economy.
For more information, visit: www.watcocompanies.com
6th Apr 2018
