Printer Friendly
Email a Friend
-
ICTSI swoops on Shandong terminal
01 Jan 2007
Global port operator International Container Terminal Services Inc (ICTSI) has bolstered its Asian port holdings with a majority share in a Chinese operator.
-
China's bright star still shining
01 Jan 2007
“China’s port industry shows a promising future”, a recent report from Research in China has found. The study estimates that China’s port handling capacity will increase by 80% or more from 2006 to 2010 and by 2010 the annual handling capacity of Chinese ports will top 6bn tonnes. Container handing capacity will also surge to 120m-140m teu.
-
Klang and Incheon pool resources
01 Jan 2007
Port Klang and Incheon Port have signed a Memorandum of Understanding (MoU) to improve trade, traffic and services between the two ports. Last year, Port Klang handled 22,000 teu from Incheon Port, a rise of 37.5% from 16,000 teu in 2005. Total throughput from South Korea was 142,000 teu in 2006. The MoU will also facilitate an exchange of “technical assistance, post studies, action plan programmes”and port promotion.
-
OOIL terminal division sale awaits official seal
01 Jan 2007
Hong Kong-based Orient Overseas (International) Ltd (OOIL) deal to sell its terminal division to Canada's Ontario Teachers’ Pension Plan for $2.35m is awaiting approval from shareholders and competition authorities.
-
WEST BENGAL FEASIBILITY
01 Jan 2007
The tender for a feasibility study for a deep-water port in West Bengal has attracted bids from consultancy firms in the US, Europe and China. In addition to drawing up the report, the winning bidder will have to maintain an association with the project until it is fully implemented.
-
INDIANS FINANCE PORTS
01 Jan 2007
India's private-sector is forecast to invest $7.67bn in the domestic port industry over the next six years.The 276 potential projects will require total investment of $12.4bn, which will be state-funded where possible.
-
CHINESE INVEST IN INDONESIA
01 Jan 2007
Two Chinese companies – China National Property Administration Council and Qili Holdings – are making substantial investments in the Indonesian province of Papua. Biak Port will benefit from the construction of a new container terminal.
-
HORIZON PRESENCE IN KOREA
01 Jan 2007
Dubai-based Horizon Terminal Ltd recently inaugurated its joint-venture Horizon Taeyoung Korea Terminals in partnership with the Taeyoung Group, expanding the company's terminal network in the Korean port of Ulsan. A 130,000 sq m expansion area will be created, capable of accommodating vessels of up to 30,000 dwt at a cost of $65m.
-
CHINA SHIPPING SEEKS MALAYSIAN OPPORTUNITIES
01 Jan 2007
China Shipping Terminal Development, part of the China Shipping Group, is rumoured to be negotiating an equity stake at the Malaysian port of Tanjung Pelepas, although this has been officially denied.The company is also in talks with Port Klang box terminal operator Westport, with the same aim in mind.
-
SHANGHAI SHARES UP
01 Jan 2007
Shares in Shanghai International Port (Group) Company Ltd are now being traded on stock exchanges in both Shanghai and Shenzhen.Despite being valued at above the company’s initial expectations, the shares rose by 3% in early trading.
-
SHENZHEN CONCENTRATES OWNERSHIP
01 Jan 2007
DP World is to sell a stake in two of its three Shenzhen terminals for $229m to China Merchants Holding, which has also agreed to the purchase of further equity currently held by minority shareholder Swire.This would allow three box facilities to merge ||under the Mega SCT name.
-
INDIAN MINOR PORTS BOOST
01 Jan 2007
As part of India's National Maritime Development Programme,€89m is to be invested in a number of projects at minor ports. India has 12 major ports and 185 minor ports, although only a few of these latter facilities are open year-around.Nevertheless, this group handles 25% of all traffic, amounting to around 150m tonnes.
-
TUTICORIN SECOND BOX FACILITY
01 Jan 2007
Tuticorin has been given permission to convert its number eight berth into a second container terminal on a build-operate-transfer basis. Five companies, including PSA-Sical and DP World, are in the running for the €25.93m project.
-
GULFTAINER IN PAKISTANI JV
01 Jan 2007
Sharjah-based Gulftainer has agreed a joint-venture with the Pak Shaheen Group of Karachi to bid for logistics and transport contracts in Pakistan.
-
Crane chaos in Chittagong
01 Jan 2007
Four new gantry cranes operated by Chittagong Container Terminals are being underutilised because of the non-corporation of stevedores and also because of the lack of coordinated back-up services.
-
Indonesia initiates new infrastructure projects
01 Jan 2007
The government of Indonesia is seeking to raise almost €600m to build what will become the country's largest port in Banten province. Eight international investors and eight located locally have submitted letters of interest for a contract involving a joint-venture with the port.
-
Busan to open new berths
01 Jan 2007
Three new berths are expected to open at the South Korean port of Busan this month. Doubling existing capacity to 2.4m teu, these berths will be operated by Pusan Newport Company, in which DP World is a major shareholder.
-
Penang invests in port growth
01 Jan 2007
Penang Port in Malaysia is to invest $277.78m over the next five years in infrastructure upgrades.
-
DP World steps back from Pakistan
01 Jan 2007
DP World has rather surprisingly withdrawn from the bidding process at Pakistan's Gwadar port. Publicly, it claims this was done for commercial reasons, although there were serious concerns in India about the company's presence in neighbouring Pakistan given that DP World also manages several terminals in India.
-
Sri Lanka kicks off record expansion plan
01 Jan 2007
An official inauguration has launched Sri Lanka’s largest infrastructure project to date, with plans to construct four container terminal berths in the coming years.
-
Busan ditches container tax
01 Jan 2007
Busan has scrapped an unpopular container tax, six years after it originally expired. Busan Metropolitan City imposed the $21.56/teu container tax in 1992 in order to fund road construction at the port.
-
Gujarat identifies new port sites
01 Jan 2007
The government of the Indian state of Gujarat has identified Cambay,Mahuva and Sutrapada as new port development sites, as throughput at existing local ports grew by 11.2% to 108m tonnes in 2005-06.
-
PSA seals Chennai box contract
01 Jan 2007
PSA Sical has been sent a letter of intent by Chennai Port Trust in respect of the concession to run a second container terminal.
Submit News
