Aruba Stevedoring Company (ASTEC) N.V.

What Aruba Stevedoring Company (ASTEC) N.V. does

Aruba Stevedoring Company (ASTEC) N.V. is a privately held Aruban port terminal operator founded in 1983 by nine local shareholders and headquartered in Balashi. The company won a 2011 international tender from Aruba Ports Authority (APA) and, in February 2016, transitioned from a stevedoring operator in Oranjestad to the exclusive operator of the Barcadera Multi Cargo Sea Terminal under a long-term Public Private Partnership concession under the Landlord Model. ASTEC provides cargo handling services for containers, breakbulk, bulk, reefer, barquitos (small wooden vessels), and specialized cargo including cement, lumber, vehicles, yachts and windmills, supported by a 440-meter berthing line, approximately 90,000 m2 of container yard, 8,000 m2 of bulk area, 40 reefer positions, and an equipment fleet led by a PACECO STS crane and a 104-ton LIEBHERR mobile crane. The business operates 24/7/365 with ISPS-compliant security under a Port Facility Security Officer.

ASTEC generates revenue through tariff-based transaction fees for cargo handling, equipment rental, storage, and marine services such as demurrage and lashing, all priced in Aruban Florins according to a publicly disclosed tariff booklet (most recent 2026). Customer segments include shipping agents and brokers (Bon Bini Cargo, G.P. Cargo & Services, Rocargo, Romar Freezone, Transimex, Cavalier Logistics, Seatainer Services), Aruban retailers (Save More Supermarkets, Duvit Stores), the Aruba Ports Authority concession counterparty, and regional transit customers. Distribution occurs exclusively at the Barcadera terminal via direct job-order submission, either through the digital portal or at the gate, with no indirect channel partners. ASTEC is governed under Aruban corporate law (N.V. structure), shows no institutional investors, no subsidiaries, no funding rounds, and a very lean headcount of 14 employees consistent with subcontracted dock labor under the PPP framework.

Name

Aruba Stevedoring Company (ASTEC) N.V.

Legal name

Aruba Stevedoring Company N.V.

Website

https://astecaruba.com

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

11–50 employees

Short description

Aruba Stevedoring Company (ASTEC) N.V. is a privately held Aruban port terminal operator that, under a long-term PPP concession with Aruba Ports Authority, exclusively operates the Barcadera Multi Cargo Sea Terminal, handling containers, breakbulk, bulk, reefer and specialized cargo for shipping agents, freezone operators, retailers and regional transit customers.

Ownership category

akta.pro rank

Product category

Port Terminal Operations

NAICS

Marine Cargo Handling (488320), Port and Harbor Operations (488310), Support Activities for Water Transportation (4883)

SIC

Deep Sea Foreign Transportation Of Freight (4412), Water Transportation (4400)

akta.pro primary industry

Stevedoring & Vessel Loading/Discharging (Ship-to-Shore Operations) (TLAHALAA)

akta.pro secondary industries

Harbor Master & Marine Traffic Control (VTS) (TLAHAFAA), Terminal Cargo Handling & Yard Operations (Receiving, Staging, Delivery) (TLAHALAB), Dangerous Goods / IMO Breakbulk Handling & Storage (TLAHADAH)

Keywords

• Cargo handling services
• Port terminal operations
• Container stevedoring
• Maritime cargo services
• Port equipment rental

Headquarters

HQ city

Balashi

HQ country

Aruba

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Technology or R&D, Supply Chain

Revenue model

1. Cargo Handling Services: Tariff-based fees for cargo handling operations including discharge, loading, stuffing, stripping of containers, breakbulk cargo, and specialized cargo. Unit pricing per ton, per container, or per use depending on service type.
2. Equipment Rental and Usage: Rental services for forklifts, toploaders, chassis, and other port equipment. Charged per hour or per use.
3. Storage Services: Storage charges for containers (20' and 40'), warehouse space, cars, breakbulk, pallets, lumber, and large vehicles. Daily and weekly rate options available.
4. Marine Services: Services related to vessel operations including demurrage, lashing materials, additional lifts, haulages, and overtime services.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Aruba Stevedoring Company (ASTEC) N.V. operates the Barcadera Multi Cargo Sea Terminal under a long-term PPP concession with the Aruba Ports Authority, providing cargo handling services including discharge, loading, stuffing, stripping of containers, breakbulk handling, specialized cargo operations, equipment rental, and storage for shipping agents, brokers, and cargo owners.

Product overview

Aruba Stevedoring Company (ASTEC) N.V. operates as a Multi Cargo Sea Terminal Operator providing cargo handling services through its Terminal Operating System (PoseidonWeb) for container tracking and vessel scheduling, Digital Services for job order submissions, and comprehensive port equipment including cranes, reach stackers, and forklifts. The company handles containers, breakbulk cargo, barquitos (small vessels), reefer containers, and specialized cargo including cement, lumber, oversized vehicles, yachts, and windmills. Services are delivered from the Barcadera Multi Cargo Sea Terminal.

Differentiator

Problem solved

Functional benefit

Products and services

• Cargo Handling Services

Named customers10 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Government of ArubacoreStrategic or Co-development Partner · 1 January 2011Government vision to separate cruise activities from cargo handling led to strategic plan supported by APA. The PPP concession for Barcadera terminal aligns with government objectives for port modernization and economic development.
• Aruba Ports Authority (APA) N.V.coreStrategic or Co-development PartnerLong-term concession agreement holder for operating the Multi Cargo Sea Terminal at Barcadera. APA launched international tender in 2011 for design, build, finance, operate and maintain the terminal. ASTEC won the tender as successful bidder. APA and ASTEC cooperate on strategic development including the separation of cruise activities from cargo handling.
• DSA (Directie Scheepvaart Aruba)minorStrategic or Co-development PartnerCooperation with DSA, Aruban Customs Service, local Shipping Agencies and other stakeholders to improve sea-borne cargo services for the Aruban business community and regional transit customers.
• Aruban Customs ServiceminorStrategic or Co-development PartnerStakeholder cooperation for sea-borne cargo services, customs clearance, and port operations at Barcadera terminal.

Scale indicators8 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• PSA International: PSA International is a leading global container terminal operator with flagship operations in Singapore and a global port portfolio. It is comparable to ASTEC on terminal operating best practices, automation, and concession-based port management models in smaller geographies.
• International Container Terminal Services Inc. (ICTSI): ICTSI operates a global portfolio of container terminals, including emerging market and smaller-port concessions. It is comparable to ASTEC as a PPP concession-based terminal operator in markets where it provides equipment, operating systems, and stevedoring under long-term agreements.
• APM Terminals: APM Terminals operates a global network of container terminals as part of A.P. Moller-Maersk. It is comparable as a large-scale terminal operator with similar infrastructure investment models, equipment fleets, and digital terminal operating systems used at multi-purpose ports like Barcadera.
• Hutchison Ports: Hutchison Ports is one of the world's largest port investors, developers, and operators with a global container terminal network. It is a broad incumbent comparable on terminal operating scale, equipment fleets, and concession-based business models in geographically constrained markets.
• DP World: DP World is one of the world's largest marine terminal operators with a portfolio of container terminals globally. It is a broad incumbent comparable on terminal operating model, equipment, and digital TOS systems, and could represent a potential acquirer or competitor for regional cargo assets.
• CMA CGM (terminal and shipping operations): CMA CGM operates both a global shipping line and port terminal investments (including through Terminal Link and CMA CGM Terminals). It is comparable to ASTEC as a counterparty on Caribbean shipping lanes and as an operator of multi-purpose terminals in smaller markets.
• Damco / Maersk Caribbean: Maersk and its Damco logistics arm serve the Caribbean with deep-sea and feeder vessel calls, including at Aruba. They are a broad incumbent in the same ocean cargo ecosystem, interacting with ASTEC as a carrier customer and competing for regional transit volumes.

Direct peers

• Tropical Shipping: Tropical Shipping operates scheduled ocean cargo services throughout the Caribbean, including calls at Aruba. It is a direct comparable as a Caribbean-focused cargo services provider whose volumes are partly dependent on terminal operators like ASTEC, sharing the same regional shipping lane dynamics and customer base.
• Curaçao Port Services N.V. Curaçao Port Services is the primary terminal and stevedoring operator at the Port of Willemstad in Curaçao. It is highly comparable to ASTEC as a Dutch-Caribbean multi-purpose cargo terminal operator handling containers, breakbulk, and bulk for a small island economy under long-term arrangements with the local port authority.

Others

• Aruba Ports Authority N.V. Aruba Ports Authority (APA) is ASTEC's concession counterparty and the public owner of port infrastructure in Aruba. It is adjacent and relevant as the regulatory landlord under the PPP Landlord Model, shaping ASTEC's commercial framework and potential successors.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/ASTECARUBA
• LinkedInlinkedin.com/company/aruba-stevedoring-company-astec-n-v

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Aruba Stevedoring Company (ASTEC) N.V.