Asia – Page 40
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Kalibaru construction cost soars
The initial cost of building a new port at North Kalibaru in Indonesia has soared by 55% from $1.1bn to $1.9bn.
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Vallarpadam void of transhipment boxes
A year after it was inaugurated, Vallarpadam container terminal in the Indian port of Kochi handles virtually no transhipment traffic.
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NewsDon’t invest in Sihanoukville, investors told
Potential investors in Sihanoukville port, due to list on Cambodia’s bourse, have been warned off the idea by no less a figure than a former Cambodian Finance minister. Investors face risks because of weak financial and legal systems, Sam Rainsy said.
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NewsOre transhipment pushed by China
An announcement by China’s Ministry of Transport means that port operators will no longer be allowed to decide whether to allow VLOCs into their facility.
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SAAM in first quarter flotation
Compañía Sud Americana de Vapores port subsidiary, SAAM, is eyeing an initial public offering during the first quarter of this year.
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NewsShenzhen dented by industry shift
The industrial shift to central China from Guangdong province and other coastal locations is impacting on Shenzhen’s status as a major international port and threatening throughput volumes.
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Five new Indian port projects at best this fiscal
Of 23 public-private partnership port projects scheduled by major Indian ports in the current fiscal year, only four or five are expected to be awarded.
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NewsMyanmar port goes ahead - but no coal
Uncertainty is hanging over a key detail of the Dawei port and industrial zone in southern Myanmar following a decision by the government to veto a coal-fired power plant.
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PSA celebrates rise in throughput
PSA International handled 57.1m teu at its global facilities in 2011, an increase of 5.6% over 2010.
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ICTSI to issue additional bonds
The Royal Capital BV unit of the Philippines-based stevedoring group ICTSI is to issue bonds worth $150m.
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NewsNew Chinese joint terminal venture
Odfjell SE has announced a joint venture with Tianjin Economic-Technology Development Area (TEDA) to develop a new terminal and marine facility at Nangang Industrial Zone in Tianjin, China.
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NewsITF global action week hits ports
The new year’s first week of industrial action backed by the International Transport Workers’ Federation (ITF) has kicked off with a focus on port activities.
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Vizhinjam tender promised by March
A tender is to be issued by March in respect of global engineering, procurement and construction of the $148m Vizhinjam port in the Indian state of Kerala.
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Chennai rejects Mundra box terminal bid
Chennai Port Trust has rejected the $698m bid by Mundra Port and Economic Zone to develop a new container terminal at the port of Chennai, claiming that the 5% revenue share being offered is too low.
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Indian terminal operators seek to revamp TAMP
Delhi High Court has received a petition from the Indian Private Ports and Terminals Association, challenging the right of the Tariff Authority for Major Ports to determine tariffs at private cargo terminals situated in state-owned ports.
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SLPA to issue bonds
Sri Lanka Ports Authority is to issue $500m in bonds, with the revenue used to pay off Japanese loans, which are proving unaffordable given the appreciation of the yen.
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Pelindo II plea to change tack
The Indonesian Stevedoring Companies'' Association has asked that state port operator Pelindo II abandon its current contract with PT Kaluku Marítima Utama to operate berths 201-203 at the port of Tanjung Priok.
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Over enthusiastic Customs threat to Vallarpadam
The new container shipping service linking the Indian port of Kochi to ports in Europe could be suspended by operator CMA-CGM Hapag-Lloyd if customs officials continue to check seals on all transhipment containers passing through the Vallarpadam terminal.
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Yantian takes Shenzhen stake
Yantian Port Holdings is to take a 35% stake in a Shenzhen-based container terminal operator, in which it plans to invest $73.99m.
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Chennai and Ennore merger mooted
India''s Shipping Ministry is considering the merger of Chennai and Ennore ports, a move prompted by a High Court decision to force Chennai to transfer the handling of coal and iron ore to Ennore.
