Wednesday 7 January 09 - 21:21
 

News Asia

  • Malaysia relaxes crane import restrictions

    Malaysia is to relax laws allowing local operators to import cranes from abroad.

     

  • Vietnam seeks maritime investment

    Vietnam is seeking investment from both domestic and foreign sources to expand and develop the country's ports sector, expected to handle 200m tonnes of cargo in 2010 and 400m tonnes in 2020.

     

  • CMA CGM in Xiamen investment

    CMA CGM, in partnership with Xiamen municipality and Hong Kong-based New World Services, is to undertake a joint-venture construction of a new container terminal at Haicang, in the port of Xiamen. This is due to enter service in 2009.

     

  • China powers past 100m teu mark

    In 2007, Chinese ports breached the 100m teu mark at the end of November, with a special ceremony held at the port of Tianjin.  

  • Macquarie invests in Busan

    Macquarie Korea Infrastructure Fund (MKIF) is to invest $277m in Busan New Port Container Terminal - the concession company with the right to develop, operate and maintain the Busan New Port Phase 2-3 in Korea.
     

  • Taiwan opens Qingdao terminal

    Taiwan-based shipping line, Evergreen, has inaugurated a new $300m container terminal at the Chinese port of Qingdao. It will provide logistics support to vessels linking China, South Korea and Japan.  

  • Spaniards invest in India

    A consortium consisting of Gammon India, Gammon Infrastructure and Dragados-SPL of Spain has been awarded a 30-year concession to develop an offshore container terminal at the Port of Mumbai.   

  • DP World boosts Indian investment

    DP World anticipates investing a further $500m over the next few years in its assets in India. This will take total investment by the company in that country to $2bn.  

  • Congestion to force feeders out of Calcutta

    Feeder operators are said to be considering transferring calls from Calcutta Dock System (CDS) to Haldia dock as a means of reducing port dwell times, which are being adversely affected by congestion. 
     

  • New finance models for Bengali port

    The Indian government has conceded that it may well have to look into alternative models to finance construction of the projected new deep-sea port on the west Bengal Coast.    

  • Ten JVs in Longkou

    The Chinese port of Longkou has increased throughput in the last five years from 6.2m tonnes to 25m tonnes. Ten private investment and corporative agreements have been reached with more than 10 shareholders in areas such as containers, liquid and dry bulk.  

  • Indonesia maritime policy shift push

    The Indonesian Maritime Council has advised the government that its maritime sector could contribute $150bn to the country's annual income if it is correctly developed. However, it has advised that this can only be achieved if there is a change of focus from land to sea.  

  • Vinalines $300m spend on Ba Ngoi

    State-owned Vietnam National Shipping Lines (Vinalines) is to spend $300m on building a new port at Ba Ngoi in 2008. In total, it plans to develop two container ports and one multi-purpose port in the country capable of handling larger vessels.  

  • HPH nets new Karachi contract

    Karachi Port Trust (KPT) has awarded Hutchison Port Holdings a 25-year concession to establish the new Pakistan Deepwater Container Port at east Kearnari Groyne. 
     

  • Chittagong ups fines

    As a congestion-busting exercise, Chittagong Port authority has increased penalty rates fourfold for reefer containers remaining within the port for more than four days. The previous $9 a day charge has risen to $36.  

  • Colombo South contract still on hold

    The government of Sri Lanka continues to drag its heels on development of a container terminal at Colombo South port.

     

  • Chinese cash for Hambantota

    The Chinese government has agreed to fund 85% of the $360m cost of building the new Hambantota Harbour in Sri Lanka. The loan will have to be repaid within 15 years at an interest rate of 0.9%, including a four-year grace period.  

  • HPH commits to $150m Jakarta expansion

    Jakarta International Container Terminal is investing $150m in a bid to expand capacity to over 3m teu.

     

  • Transas nets Cochin VTS order

    Port equipment specialist Transas is to supply, install and commission a Vessel Traffic Management System (VTS) at Cochin Port.

     

  • Busan to kickstart bond issue

    Busan Port Authority (BPA) is to issue bonds to the value of SKWon294bn ($311.9m) to help finance its New Port and North Port developments.

     

  • PIL and PSA pairing in Singapore

    Pacific International Lines (PIL) and PSA Singapore Terminals have teamed up to manage and operate a dedicated container terminal for PIL in Singapore.

     

  • Kaohsiung commitment

    Evergreen Marine Corp (Taiwan) has extended its lease on its Container Terminal No 4 facility (Piers 115 and 116) in the Port of Kaohsiung for a further 10 years to February 2018. 

  • Kalmar Eastern coop

    Port equipment specialist Kalmar has confirmed an order from PSA Singapore Terminals for in excess of 200 terminal tractors to be delivered this year. 

  • Ports must invest to meet demand, says PTP

    Harun Johari, chief executive of Malaysia’s Port of Tanjung Pelepas (PTP), has spoken out on the need for ports to invest in handling to meet mushrooming container trade.

     

  • PSA boosts Singapore handling

    Leading port operator PSA Singapore Terminals handled in excess of 27m teu in 2007, marking a 13% year-on-year increase.

     

Motorship