Navis, a part of Cargotec Corporation, and provider of operational technologies that unlock greater performance and efficiency for the world’s leading terminal operators, today announced that International Container Terminal Services Inc. (ICTSI) has signed a license agreement to implement the N4 terminal operating system (TOS) at its new, fully-automated container terminal in Melbourne, Australia—Victoria International Container Terminal (VICT).

VICT is located in the Port of Melbourne, the largest container port in Australia with a capacity of 2.5 million TEUs. A state-of-the-art greenfield project, VICT marks ICTSI’s first entry into the region and is the group’s first fully automated terminal in its portfolio. Upon completion, VICT will handle up to 1.4 million TEUs annually and will have an Empty Container Park (ECP) capacity of at least 280,000 containers per annum. The terminal is expected to be operational by December 2016 with 350,000 TEUs and will further accelerate operations to handle up to one million TEUs by December 2017.

“Navis’ reputation and deep experience with automated terminals made it a natural fit for the project at VICT,” said Christian R. Gonzalez, head of the Asia-Pacific region at ICTSI. “Navis will not only serve as our technology partner, but also a trusted advisor for this highly complex implementation. We will continually seek the team’s deep expertise, knowledge and best practices to ensure that VICT optimizes its performance and establishes itself as one of the world’s preeminent automated terminals.”

N4 was awarded the license agreement as part of a year-long concession bid beginning in mid-2013. Once implemented, the TOS will enable VICT to optimize operations, speed turnaround times and deliver unprecedented efficiency in key areas of the terminal—including the gate and container yard. In addition to N4, VICT has also ordered automatic stacking cranes (ASCs) and AutoShuttles from Kalmar. Together, Navis will support Kalmar who is the systems integrator to ensure that the TOS achieves its full potential and performs optimally for VICT and its customers.

“We look forward to partnering with ICTSI on its groundbreaking venture into automated operations and demonstrate the power of what N4 can do in the most advanced terminal environments,” said Ian Seghal, GM of Asia Pacific, Navis. “The VICT greenfield site presents several new opportunities for Navis in the region as well, and we are eager to further strengthen the value of our services with a core team comprising of the best talent in the industry. We look forward to seeing all that we can accomplish together.”

About Navis, LLC

Navis, a part of Cargotec Corporation, provides operational technologies that unlock greater performance and efficiency for our customers, the world’s leading terminal operators. The Navis N4 terminal operating system (TOS) represents more than 25 years of experience and innovation that enables terminals to optimize their operations and move cargo smarter, faster and more efficiently. As an industry leading technology, more than 250 container terminals worldwide have partnered with Navis to improve performance, reduce costs and minimize risk.www.navis.com

About Cargotec Corporation

Cargotec's sales totalled approximately EUR 3.2 billion in 2013 and it employs approximately 11,000 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki Ltd under symbol CGCBV. www.cargotec.com