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April 26, 2015 1:03 AM ET

Transportation Infrastructure

Company Overview of GCT Global Container Terminals, Inc.

Company Overview

GCT Global Container Terminals, Inc. operates marine terminals. It operates terminals to handle vessels; operates a full-service container and general cargo facility; and operates a terminal to handle the largest transpacific container vessels. The company was founded in 2007 and is based in Vancouver, Canada with terminals in Bayonne, New Jersey; Staten Island, New York; and Delta and Vancouver, Canada. GCT Global Container Terminals, Inc. is a former subsidiary of Orient Overseas International Ltd.

375 Water Street

The Landing

Suite 610

Vancouver, BC V6B 5C6

Canada

Founded in 2007

Phone:

604-267-5200

Fax:

604-915-9557

Key Executives for GCT Global Container Terminals, Inc.

Chief Executive Officer and President
Chief Financial Officer
President of Global Container Terminals Canada
President of Global Container Terminals USA
General Counsel and Corporate Secretary
Compensation as of Fiscal Year 2014.

GCT Global Container Terminals, Inc. Key Developments

CIT Capital Equipment Finance Provides $23.5 Million Credit Facility to GCT Global Container Terminals, Inc

CIT Group Inc. announced that CIT Capital Equipment Finance provided a $23.5 million credit facility to GCT Global Container Terminals Inc. to purchase two new Liebherr P203L (WS) post-Panamax ship-to-shore gantry cranes that will be used at its semi-automated container terminal in Bayonne, New Jersey. Financing was provided by CIT Bank. Located in the large port on the North American East Coast, GCT provides container handling services for its customers in one of the most concentrated consumer markets in the world. The company operates two key container terminal facilities in the Port of New York and New Jersey: GCT Bayonne in Bayonne, New Jersey and GCT New York in Staten Island, New York.

GCT Global Container Terminals, Inc. Expands Semi-Automated Facility in Bayonne

GCT Global Container Terminals Inc. celebrated the grand opening of its newly expanded, semi-automated facility in Bayonne. Global Terminal will be the most productive marine terminal on the US East Coast once complete in summer 2014. Global Terminal was designed with safety in mind. The semi-automation of container handling combined with the comprehensive training is a major contributor to improved terminal safety and the development of skilled opportunities for the workforce. For customers, innovations implemented into Global's expansion provide carriers the best infrastructure and most reliable technology to service the large vessels transiting the Suez and Panama canals.

Global Container Terminals Announces Management Changes at GCT USA

GCT Global Container Terminals Inc. announced the retirement of James J. Devine, President & CEO of GCT USA, at the end of June. Devine's retirement brings a distinguished 13-year tenure with GCT to a close, where he was instrumental in revitalizing the US operations. The company also announced the appointment of John Atkins to succeed Devine as President of GCT USA, effective July 1, 2014. Currently the Chief Operating Officer for GCT USA, Atkins has held successively senior positions since joining the company in 2002.

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