Asia – Page 27
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NewsPSA International launches $20m incubator program
PSA International has launched a new corporate venture capital arm, PSA unboxed, with an initial fund size of $20m.
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Indian government brings private sector on board
The Indian government will table a new bill to facilitate a model agreement by way of public-private partnership in the port sector, according to local reports.
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India and South Korea MoU on ports
India and South Korea have signed a Memorandum of Understanding for co-operation and mutual assistance in the development of both country’s ports.
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NewsChina and Malaysia moot port alliance
China and Malaysia are apparently forming a ‘port alliance’ to fast-track trade between the two countries and reduce customs bottlenecks.
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CMHI’s reports robust overseas volumes
China Merchants Holdings (International) Company’s overseas terminals set a record in container handling in 2015 with throughput of 16.05m teu.
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NewsBusan invests in developing economies
Busan Port Authority (BPA), the world’s sixth-largest container port, is planning to invest in overseas port and logistics facilities as a key strategy that will help define the future of the South Korean port.
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NewsTurbulence ahead
Southeast Asia has everything going for it – apart from timing, writes Stevie Knight
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North Korean ships barred from six Chinese ports
China has forbid North Korean vessels entering six of its ports, according to a release from the Asahi Shimbun.
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ICTSI earnings drop in 2015
International Container Terminal Services Inc, or ICTSI, posted significantly lower net income in 2015, due to non-cash and one-time charges.
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JSW eyeing distressed Indian port assets
Indian conglomerate, JSW Group, is looking to buy debt-laden port assets in the country as part of a strategy to expand its ports capacity, according to a report by Reuters news agency.
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NewsBolloré Group wins Dili concession
The Bolloré Group has been chosen by the authorities of East Timor to build and operate the deepwater port at Dili under a 30 year-term public-private partnership agreement.
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NewsDP World to invest in Russian infrastructure
DP World and the Russian Direct Investment Fund, or RDIF, have launched a new joint venture company targeting ports, transportation and logistics infrastructure in Russia.
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Busan Port Authority on track to handle 20m teu in 2016
Busan Port Authority has announced that it is on track to handle 20m teu of container cargo in 2016, which represents a 2.8% increase on last year.
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NewsICTSI’s Matadi set for mid-2016 opening
International Container Terminals Services Inc’s new terminal, located at Matadi on the Congo River, is on schedule to commence initial operations in August 2016, with one berth.
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PSA and SP training collaboration
PSA Corporation Limited (PSA) and Singapore Polytechnic have developed a Specialist Diploma in Port Management and Operations.
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Davao PPP deadline pushed back
The Department of Transportation and Communications (DOTC) has given potential bidders an extended deadline to prepare offers for the Davao Sasa Port modernisation project.
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NewsTerex cements Indian presence
Terex Port Solutions (TPS) has delivered almost 40 diesel-electric Terex Gottwald harbour cranes to India.
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Chennai port operations crippled by floods
The city of Chennai, India has seen some of the heaviest and deadliest rainfalls in decades, with the flooding resulting in the death of more than 400 people.
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ABB secures DP World project
ABB will deliver automation and remote control solutions to the underway Terminal 4 in Dubai, which is operated by DP World.
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India moves to convert state-owned ports
The Indian shipping ministry has drafted a plan to convert 11 of the 12 state-owned ports into corporate entities in a move which is hoped will bring greater financial freedom, according to a report by news agency Mint.
