Asia – Page 47
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NewsThird time’s a charm for Vizhinjam
India’s Vizhinjam Port has invited tender bids from the 31 companies that submitted expressions of interest for operating the proposed port.
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China to fund Bangladesh projects
China is backing construction of a new deep sea port at Sonadia, near Cox''s Bazar in Bangladesh, and a project to build a new highway from the Indian port of Chittagong to Kunming, in China. Bangladesh relies on the Port of Chittagong for external trade, with under-utilised Mongla port the ...
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Karachi cuts port fees
Karachi Port Trust has reduced port fees by 20% as a means of attracting more customers. The port will now charge $2.34 per TEU and $0.14 for every non-containerised ton.
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Foreign investment drive for Vietnamese ports
Vietnam is trying to attract both national and international investors in its public-private-partnership initiative for ports.
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Third Chennai box terminal approved
India''s Cabinet Committee on Infrastructure has given the green light for a project to build a large new container terminal in the port of Chennai. This will require investment of $800m and will be offered as a build-operate-transfer project, as part of a 30-year concession. Construction will take seven years ...
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The Philippines pushes full privatisations
Philippine Port Authority (PPA) is to privatise five ports in Visayas and Mindanao as a means of attracting private sector investment in infrastructure projects. To be put out to tender are Davao, Cagayan de Oro, Iloilo, General Santos and Ozamiz. All ports operated by the PPA are expected to be ...
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New Mangalore box terminal to rise from ashes
New Mangalore Port Trust is reconsidering how to attract investors to build a new container terminal.
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Chittagong efficiency in the firing line
Bangladesh''s Shipping Minister has put forward plans to boost efficiency at the port of Chittagong by the end of 2010, kick-starting the project with consultations with stakeholders.
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Revenue up for Essar
The ports division of Essar Shipping Ports & Logistics Ltd has announced a revenue increase of 53% for the quarter, year-on-year.
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PSA-Sical challenges Tuticorin exclusion
PSA-Sical has approached India''s Supreme Court to overturn an exclusion on bidding for the concession to convert Berth 8 at the port of Tuticorin into a container terminal. Given that the company already operates an alternative facility in the port, it was excluded from any future bidding on monopoly grounds.
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Dalian prepares IPO
Northern China''s largest port operator, Dalian Port, is to undertake a $556m IPO, consisting of the sale of 1.2bn shares to its major shareholder, PDA Corporation, as part of a share placement. Citic Securities will underwrite the offering.
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NewsYangtze venture on the cards for APMT
APM Terminals is looking at possible Chinese river port ventures, specifically in the Yangtze.
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NewsSri Lanka’s new port opens early
Sri Lanka''s new deep sea port at Hambantota, on the south coast of the island, has been officially opened almost half a year ahead of schedule.
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Vietnam's Cam Ranh gets new lease of commercial life
Vietnam’s Defence Minister General Phung Quang Thanh has said that Cam Ranh Port, a major war era facility, will not become a foreign military base but will instead be adapted to serve cargo ships.
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NewsSihanoukville left out in the cold
In a surprising move, government officials in Cambodia have not named the country’s major hub in its role call of national assets likely to list.
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NewsIndia needs to prepare for recovery
Is India ready to handle a rebound in the container trade? This is the question posed by Captain Sandeep Mehta, chief executive of Mundra Port.
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India invests in ports
India is to invest $20.8bn on 276 port projects at 13 major harbours across the country. Of these, 22 projects are already at the tender stage and most will be implemented as public-private partnership agreements.
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Karachi investment
The World Bank has endorsed $115.8 million for the Karachi Port Improvement Project.
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Disinterest in Indonesian projects
Only one of 12 ports offered by Indonesia''s National Development Planning Agency (Bappenas) has received interest from potential investors as part of potential public-private partnerships.
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Tianjin in major expansion project
The north-eastern Chinese port of Tianjin is planning a $1.95bn expansion. This will also involve the creation of an extensive logistics network, connecting it to 16 inland ports. For this year, the forecast is for the port, the third-largest in China, to handle 400m tonnes.
