zoom US-based infrastructure investment fund manager Highstar Capital is considering the sale of its marine terminal operator and stevedore Ports America, Bloomberg cited sources close to the matter.The company is, together with investment bank RBC Capital Markets LLC, reportedly searching for a buyer for the USD 1 billion-worth terminal operator.World Maritime News contacted Highstar Capital and Ports America for more details on the matter, however, the companies are yet to reply.Headquartered in New Jersey, Ports America operates in more than 42 ports and 80 locations, handling 13.4 million TEUs, 2.5 million vehicles, 10.1 million tons of general cargo and 1.7 million cruise ship passengers annually.In April, the terminal operator said that it plans to increase its West Coast presence through additional investments, services and expansion of its terminal capacity.The latest transaction includes an expansion and 20-year lease extension of the Husky Terminal in Tacoma, Washington.World Maritime News Staff
Nearly eight months ago, the Australian sporting community was shocked at the announcement former Australian Wallabies coach Eddie Jones, would be assisting the Springboks in their quest for the 2007 Rugby World Cup. This weekend the Australian Men’s Open Coach Tony Trad, will also put his national ties aside, however his loyalty to the sport will remain in tact, as he crosses codes to assist South Africa in the International World Rugby Sevens tournament in Adelaide. Trad was approached by head coach Paul Trew, who recognized the benefits of his knowledge following the 2007 Federation of International Touch World Cup in South Africa. “We met in South Africa, and from there we kept in contact and built up a rapport, as there are so many similarities between the games,” Trad said. “Paul attended one of my training camps last year, then I attended the South African training camp in Sydney in February.“I started with assisting with skills and drills, and now have moved onto creating space and the angle running that we use in Touch.”Touch Football Australia Chief Executive Officer Colm Maguire is extremely supportive of the move. “I think the recognition of our sport is great, it shows that the knowledge of our sport and is valued by other codes.” Maguire said. “It provides an opportunity for us to gain an insight and learn from the sport of Rugby also.” The South African team has had strong success in the eight tournament competition to-date currently sitting second after five of eight legs of the tournament, well in place to reach their goal of a top-two finish. The 2006/07 victors New Zealand are currently ranked first, and look strong to defend the title. The eight placed Australian team also has a Touch influence, with NSW Men’s Open player Willie Bishop playing also. “The Australians are also starting to recognize the similarities of the sports, with Willie in the team,” Trad said. Trad has used the position to also expose other Touch Footballers to the program, with Australian and current number one Men’s Open player Jason Stanton, and victorious Sydney Mets NTL coach Paul Spheres taking part at camps. The Australian leg of the tournament will be held at the Adelaide Oval, Adelaide, on the 5th and 6th of April.