Asia – Page 31
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NewsGlobal port growth overtakes China
Cargo throughput at global ports grew faster than at Chinese ports over the first quarter of 2014, according to a report from Shanghai International Shipping Institute.
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NewsICTSI risks could pay off, says Drewry
International Container Terminal Services Inc (ICTSI), known for its risks, is showing signs of better risk management which will help with its long-term sustainability, says Drewry Maritime Equity Researchers.
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Japanese blow cold on Indian port investment
The Japanese trading houses of Mitsui & Co and Sumitomo Corp have decided to put plans to invest in the Indian port sector on hold, despite having indicated an interest for more than a year.
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India's spring board
HFW''s Connie Chen and Alistair Mackie discuss India''s need for better port development plans
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NewsTipping point
Radhika Rani examines the broken connectivity links holding back Indian port development
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Global port expansion expected in 2014
This year could mark the “first year for the expansion of global ports” since the worldwide economic crisis, according to the Shanghai International Shipping Institute.
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BNCT powers on with expansion project
Korea’s BNCT is pushing ahead with development works despite having 400,000 teu of spare capacity available.
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Bond and IPO opportunities in the Far East
Indonesian port operator Pelindo III, which is responsible for facilities in the central and eastern parts of Indonesia, is to issue $400m in bonds this year in both US dollar and rupiah denominations. This will be used to finance the company’s port expansion projects.
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NewsStrategic partnerships to build Hong Kong hub
Hutchison Port Holdings (HPH) Trust is working to strengthen Hong Kong’s position as a long-term transhipment hub through strategic partnerships with COSCO Pacific and China Shipping terminal Development Company (CSTD).
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NewsAdani to build on Indian East coast
Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest private port operator, is working to strengthen its position on the country''s East coast with a new container terminal at Ennore Port.
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NewsManila port operations under strain
Two of Manila''s largest ports are struggling with backlog created by an expanded truck ban enforced by the government on Monday, and worsened by truckers'' protests.
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NewsPSA and JNPT get back on track
Singapore’s PSA International Ltd is to develop the fourth container terminal at Jawarharlal Nehru Port in India – a contract that was originally terminated back in 2012.
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NewsPSA set to boost Indian presence
A spokesperson for Singapore''s PSA International has confimed to Port Strategy that the operator has been named as the successful bidder in the tender for container operations at the Union government-run Kolkata Port in India.
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NewsWestports profits up by 19%
The Malaysian operator Westports reports that its profits for the last quarter of 2013 were up by 19% on the previous year owing to increased container volume.
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Vietnam urged to adopt double strategy
Vietnam is being urged to adopt a twofold strategy in tackling the problems in its port sector, a senior shipping source has said.
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‘Exciting and challenging’ year for PSA
PSA International celebrated a 2.9% increase in container handling volumes in 2013, handling 62m teu with growth at both its flagship Singapore hub and at terminals outside of the group’s home base.
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NewsTaiwan works to promote its ports
Taiwan International Port Corporation (TIPC) is looking to promote the country’s port status through a series of ‘green’ strategies.
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NewsChennai project fails to attract bidders?
Apparently the tender process to develop a disused coal terminal at the Indian government''s Chennai port has ended with no bids being received.
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NewsJakarta port strike
Media reports suggest that more than a hundred port workers are on strike at Jakarta’s Tanjung Priok Port, but apparently there is no disruption to operations.
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NewsEssar Ports set to boost east coast presence
Essar Vizag Terminals Ltd, part of Essar Ports, is to develop three iron ore berths at Visakhapatnam Port – a deal which will help boost its east coast presence.
