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2017 MODALART WINS BIDDING WAR OVER HANJIN BANKRUPTCY ESTATE EQUIPMENT

 

2017 MODALART WINS PROJECT FOR THE WINTER OLYMPIC GAMES IN PYEONGCHANG, SOUTH KOREA, 2018

 

2016 MODALART Sponsors container to foster the arts

 

2015 MODALART WINS PROJECT FOR THE SUMMER Olympic GAMES IN RIO DE JANEIRO, BRAZIL, 2016

 

 

2017

 

 

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MODALART WINS BIDDING WAR OVER HANJIN BANKRUPTCY ESTATE EQUIPMENT

Norwalk, Connecticut, USA, Summer 2017

ModalART anticipates the demise of the world's seventh-largest container shipper back in 2016 and reserves bids on shipping equipment in Los Angeles, San Francisco and New York City.

And bang! Hanjin Shipping Co. Ltd. is declared bankrupt on February 2, 2017. This is the largest bankruptcy in container shipping in 30 years!

ModalART wins the bidding war on 61 Hanjin shipping containers on May 22, 2017. Corks pop in our offices!

  • 17x  40' Standard Height containers (8'6" tall)

  • 44x  40' High Cube containers (9'6" tall)"

"We are very proud and excited to win this bid! Yes, we beat the largest players in the shipping container industry in one of America's major container hubs!"

 

ModalART accomplishes its mission in June 2017 to offer its valued customers the most competitive container prices in the industry. Within a month, all standard units are sold and shipped to Greenland, their final destination.

 

Keep a lookout for ModalART/Hanjin shipping containers when you next visit Greenland!

 

 

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2017

 

 

 

 

 

 

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MODALART WINS CONTAINER REFURBISHMENT PROJECT FOR THE WINTER OLYMPIC GAMES IN PYEONCHANG, SOUTH KOREA, 2018
 

Norwalk, Connecticut, USA, Summer 2017

Based on its past performance, ModalART is awarded another project to refurbish sixty-nine shipping containers, this time for the PyeongChang 2018 Olympic Games in South Korea.

This brings the total number of refurbished shipping containers for the Rio and PyeongChang Olympic Games to one hundred and fifty one!

ModalART completed the project on schedule, on budget, and to the full satisfaction of its customer.

See long version for Rio

 

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2016

 

 

 

 

 

 

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MODALART WINS CONTAINER REFURBISHMENT PROJECT FOR THE SUMMER OLYMPIC GAMES IN RIO DE JANEIRO, BRAZIL, 2016
 

Stamford, Connecticut, USA, Summer 2016

ModalART has successfully completed the refurbishment of eighty-two shipping containers for the Rio 2016 Olympics.

Our customer used this equipment to ship valuable telecommunications equipment to the Olympic Games and needed to ensure that its containers had both the structural integrity to protect its assets in transit, and meet the legal requirements of overseas shipping.

ModalART gave these aged containers a new lease on life by repairing, painting, and re-certifying them for overseas travel for the next decade.

They were sent to the Olympic Games in Rio de Janeiro, Brazil. Thereafter they will be dispatched to the Olympics in Pyeongchang, South Korea, and to Olympic Games beyond.

ModalART completed the project on schedule, on budget, and to the full satisfaction of its customer.

See long version for Rio

 

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2016

 

 

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MODALART SUPPORTS THE ARTS - SPONSORS SHIPPING CONTAINER TO HELP KIDS IN CRISES THROUGH ART
 

Norwalk, Connecticut, USA, Summer 2016

ModalART Shipping Containers is proud to support the Hilltown Youth Performing Arts Programs. Children are offered after-school and summer performing arts programs dedicated to growing the performing arts and enriching their lives through music, art and theater.

 

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ModalART WINS CONTRACT TO REFURBISH 82 Shipping containers for THE rio 2016 Olympic Games

Stamford & Norwalk, Connecticut, USA,
Summer 2016

 

1) Situation

Customer owns 82 plus shipping containers in East Granby, Connecticut. Its units were old, decrepit, and no longer CSC certified for international shipping. With the Rio 2016 Olympics looming, and the need to ship its telecommunications equipment abroad, customer had to find a reliable shipping container refurbishment company that could repair, paint, and re-certify its shipping containers.

Moreover, the goal was to give the containers a new lease on life for another ten plus years so that they could be reused at the Pyeongchang 2018 Winter Olympics, the Tokyo 2020 Summer Olympics, and the Beijing 2022 Winter Olympics.

2) Challenges

Non-negotiable Project Deadline

When many large-scale projects miss their completion dead-line (for instance, a dam is not completed before the rainy season begins), the worst consequences are generally limited to budget overruns. Failure of meeting the final deadline for completion generally does not equate to the failure of the entire project.

However, when catering to the Olympic games, there is zero margin for error. The Games will commence on a given date irrespectively. Thus, the success of this container refurbishment project would be a key element for ensuring that customer's telecommunications infrastructure could be deployed timely for the internationally televised broadcast of the 2016 Rio Games.

 Key Deliverables within a Tight Time Frame:

  • Container Integrity: The physical integrity of the refurbished containers would need to meet the "Cargo Worthy" grade, or the quality standard that containers need to meet before steamship lines will move them overseas.
     

  • Certification: It would be imperative that the refurbished containers be issued with valid CSC certifications and that the proper decals and plates be attached to the equipment. CSC is an international container identification standard administered and monitored by the Bureau International des Containers (BIC) which identifies all containers in service and their respective owners world-wide. Containers without valid CSC markings could simply not have been shipped to Rio.

 Location - Shipping Container "No-Man's Land."

East Granby is located just north of Hartford, Connecticut, and a hundred plus miles away from any major US shipping ports and container repair facilities.

This meant that customer would have had to have its equipment shipped to Boston or New Jersey for refurbishment and then back to East Granby at very substantial cost. In fact, the cumulative cost of repairs and transport could have easily surpassed the cost of simply purchasing entirely new containers. However, purchasing new units would have had serious downsides: Customer would have been left with 82 surplus containers with no takers, and the prospect of paying indefinite storage expenses for equipment it did not need.

Faced with this dilemma, customer turned to ModalART for help in late 2014. ModalART was asked to provide services, and a repair facility that met all of the below criteria:

  • Facilities: Factory building in close proximity to East Granby which is outfitted with an extensive air filtration system that is in full compliance with the legal requirements of the Clean Air Act, and Connecticut building codes pertaining to industrial manufacturing, and, of course fully licensed and insured;

  • Expertise: Operations with extensive industry expertise in shipping container repair and re-certification capabilites, plus the ability to ramp up production to guarantee that the final deadlines would be met without fail.

  • Staff: Short and medium-term availability of qualified and experienced personnel that would be fully dedicated to meeting project deadlines and capable of meeting customer's discerning quality standards,

 3) Solution and Implementation

 After many months of project planning iterations,

  • the project processes were structured and mutual responsibilities of collaboration defined,

  • an execution plan was laid out; deliverables and project benchmarks defined, and

  • the legal framework agreed upon.

 ModalART dedicated a plant to this project that not only met but even surpassed facilities' specifications. Just a few miles away from customer's warehouse, the factory was geared toward the repair and modification of reefers (refrigerated containers) and could render refurbishment services at the highest degree.

The stage was set to have ten units refurbished, and transported to and fro from customer's facilities to ModalART's factory on a weekly basis. In the meantime, ModalART manufactured new container identification plates in the Midwest that conformed to CSC standards.

 

ModalART completed the entire project on schedule, on budget, and to the full satisfaction of customer.

 
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