Gulftainer Signs 50Year Concession for Port of Wilmington

first_imgzoomImage Courtesy: Gulftainer UAE-based port operator Gulftainer has signed a 50-year concession deal with the state of Delaware to operate and develop the Port of Wilmington.Under the agreement, which was signed by Gulftainer’s subsidiary GT USA, the company would invest will see an expected investment of up to USD 600 million in the port to upgrade and expand the terminal and to turn it into one of the largest facilities of its kind on the Eastern Seaboard.The investment includes USD 400 million on a new 1.2 million TEU container facility at DuPont’s former Edgemoor site, which was acquired by the Diamond State Port Corporation in 2016. Plans for the port also include development of all cargo terminal capabilities at the facility and enhancement of its overall productivity.The 50-year concession follows a year of negotiations and a thorough evaluation of Gulftainer’s capabilities globally, including in the United States. The Delaware concession agreement completes a preliminary agreement between Gulftainer and the state of Delaware, as well as the completion of a formal review by the Committee on Foreign Investment in the United States (CFIUS), granting Gulftainer exclusive rights to manage the port.“This landmark agreement builds on Gulftainer’s 43-year track record of delivering excellence and dependability in ports and logistics operations around the world, and we are confident that this public-private partnership will propel the Port of Wilmington towards becoming the principal gateway of the Eastern Seaboard,” Badr Jafar, Chairman of Gulftainer’s Executive Board, said.last_img read more

Toronto designer finds knockoffs of her clothes at ToysRUs

first_imgAdvertisement Facebook The onesie, by Montreal-based Novel Teez, was made in China with cotton and polyester and retails for $7.99. Meanwhile, the Bebe Fete romper is made in Canada with bamboo and cotton and sells for $59.95.CityNews confirmed on Tuesday the Novel Teez onesie was still for sale at a Toronto Toys”R”Us store. The retailer said it contacted its distributor for an explanation. A Toronto-based designer of a children’s streetwear line says Toys“R”Us is selling a knock-off of her creation.Ivy Chen said she and her business partner design the cheeky illustrations on Bebe Fete clothes for babies and toddlers.Chen said a friend tipped her off after seeing a onesie at a local Toys”R”Us which looked like one of her designs. After comparing the two products, Chen was certain it was. Login/Register With: LEAVE A REPLY Cancel replyLog in to leave a comment Advertisement Advertisement Twitterlast_img read more

First Nations hockey player preparing to represent Team Canada at Olympics

first_imgTamara Pimentel APTN NewsFrom the small community of Mallard, Man., to representing her country and making history.That’s what Brigette Lacquette is about to accomplish when she suits up for the Canadian women’s hockey team next month at the 2018 Winter Olympics in PyeongChang, South Korea.Once she steps on the ice she’ll be the first First Nations woman to play for Team Canada.“It’s something very special and exciting for me. I’m humbled by it,” said Lacquette.Besides being on the ice preparing for competition she’s also been helping those who will be cheering her on .For months, she has been working with students from Eagle Lodge Family School.“I’ve been doing video chats with them, sending them videos, sending them work to do. To finally get to see them and meet them and interact with them is pretty amazing,” she said earlier this week.“To be that person for them and show them and encourage them. You can achieve anything you want. Just set your mind to it. It doesn’t matter where you come from.”tpimentel@aptn.calast_img read more