Asia – Page 58
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NewsIndonesia poised for political battle on port reform
In what could be the most momentous change in Indonesia''s port history, the country is at last poised for political battle on port reform
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Traffic up at Tianjin
Tianjin port in northern China handled 354m tonnes in 2008, compared with 300m tonnes in 2007. Container traffic, at 8.5m teu, was up 19.7%
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Capital shortage holds up Saigon
Plans to move cargo terminals away from the Saigon River outside Ho Chi Minh City are unlikely to be fulfilled before 2010, because of a lack of investment capital.
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Shanghai slow down reported
Shanghai Port handled around 28.5m teu last year, although had been forecast to reach 30m teu. This compares with 26.2m teu in 2007.
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IDB backs Indonesian development
The Gabion Container Terminal (TPK) project at the Port of Belawan in northern Sumatra could receive up to $2bn in funding from the Islamic Development Bank.
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NewsHPH might lose Manta
Hutchison Port Holdings has pulled out of the Thessaloniki terminal in Greece and is reportedly under investigation in Ecuador for allegedly failing to move on promised investments for the Manta cargo port.
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Yingkou bond issue
Shanghai''s Yingkou Port Liability company is to issue $175m in corporate bonds with a maturity of 10 years, although this will depend on market conditions. The money will not be used to finance new projects, but instead allow the company to repay bank loans and supplement working capital.
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CMH announces cut backs
China Merchants Holdings (International) is to cut back plans to develop terminals and also possibly adjust capital expenditure as the economic downturn begins to impact in China.
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NewsShare swap-shop for HPH
A giant share swap-shop has been taking place between Hutchison Port Holdings (HPH), Nippon Yusen Kabushiki Kaisha (NYK), and the Evergreen group.
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NewsBusan committed to global programme
Bucking the trend, Busan Port is to globalise its operations in the face of the economic slowdown.
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NewsPhasing in a freight station
Eredene Group has invested in a new container freight station (CFS) close to the rapidly expanding Indian port of Ennore.
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Rotterdam in Malaysian venture
Rotterdam Port Authority has signed a memorandum of understanding with Malaysia''s Palm Oil Industrial Cluster to develop the Port of Lahad Datu on the island of Borneo. The eventual port could cover an area of 5,500 hectares.
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3i invests in India
The international investment group 3i is to buy a 24% equity stake in the Krishnapatnam Port Company for $200m. This company is to develop and operate a new port on India''s east coast.
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Five in the frame for Tuticorin
Tuticorin Port Trust has shortlisted five companies for its second container terminal. These are: PSA-Sical (which operates the existing terminal), Oceanic Transport, Chettinad Logistics, Afcons Infrastructure and Larsen & Toubro. Investment of $62.65m will be required during the 30-year lease period.
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Yangtze hub port opens
Yangkou Port has opened for business in China on a man-made Island in the Yellow Sea, which is linked to the mainland by a 30 kilometre causeway.
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Major port development under way in Vietnam
Work has begun on building two deep water ports in Vietnam costing a combined $695m.
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Chinese box growth continues to slow
Figures released for October showed that volumes handled by Chinese major ports were up 6% year on year, 2.1% lower than the rate in September.
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Indira boosts Mumbai efficiency
Mumbai Port Authority says that since it transferred container handling operations to the privately owned Indira Container Terminal (ICT) there has been a marked improvement in efficiency.
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NewsChennai box terminal costs soar
The cost of building the Mega Container Terminal at Chennai Port has risen by 21% to $740m,with spiralling dredging rates playing a large part in the price hike.
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NewsWomen in Maritime reaches Asia
Port executives are playing an influential role in the imminent launch of what will be known as ''Women in Maritime Asia Region''.
