Asia – Page 59
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Russia helps North Korea
An agreement signed between Russia and North Korea will see the construction of a container terminal at the latter''s Port of Rajin. The project, which will cost $72m, will involve a rail connection to Russia''s Trans-Siberian railway.
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Kandla exploring new expansion areas
Kandla Port Trust has invited bids for four multi-purpose berths at Tuna Tekra, which will be the location of a special economic zone.
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New Mangalore builds berths
New Mangalore Port Trust in India is to build four new berths in the Western Dock area. One is already under construction and will be used exclusively by the Udupi Power Corporation, which will use it to handle 3m tonnes annually. Other new berths will handle project cargo and containers.
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Thumbs up for Vizinhjam
India''s Ministry of Shipping has given the go-ahead for the construction of the Vizhinjam Deepwater Container Transhipment Terminal, which will be located 16 kilometres from Thiruvanthapuram.
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NewsVietnam aspires to reach international standards
The Vietnam Sea Ports Association is to focus on 10 major measures to bring national ports up to accepted international standards.
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Too much foreign influence in Vietnam?
There is rising disquiet in Vietnam that international stevedoring groups are holding too much power at national ports, something which could eventually work against the interest of local traders.
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GPPL offering
Gujarat Pipavav Port Ltd (GPPL) has filed its draft prospectus with the Securities and Exchange Board of India for an initial public offering of 5bn Rupees ($100.2m). The shares will be listed on the National Stock Exchange and the Bombay Stock Exchange. GPPL has as its major shareholder APM Terminals.
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Demonstrators close Bangkok
Pro-democracy demonstrations in Thailand have begun to impact negatively on the nation''s ports. Bangkok has in recent months already suffered a complete one-day shutdown due to agitation from anti-government protesters, prompting prompted shipping lines to divert cargo to Laem Chabang.
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Maersk downsizes at Kaohsiung
Maersk has slashed the number of containers it handles at Kaohsiung by 20%, less than the rumoured 50% reduction. The company will no longer call at berths 118 or 119, instead transferring containers to berth 75, adjacent to berths 76 and 77, where the company handles the majority of its ...
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China Shipping terminal shift
China Shipping Container Lines is to assume control of China Shipping Terminal Developer from its parent company, the China Shipping (Group), for $380m. This company manages ports both within China and overseas.
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Nantong stake sold
State Development and Investment Corporation subsidiary SDIC Communications plans to sell the 12.32% stake it holds in Nantong Port Group Company. The other two shareholders in the company have first refusal in acquiring the stake.
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3i eyes south India
The 3i Group is apparently considering investing up to $219m for a 26% stake in a southern Indian port operator, believed to be Krishnapatnam Port Company, which is developing a deepwater port in Andhra Pradesh.
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Vietnamese dredge nod
The Vietnamese government is to go ahead with a dredging programme at the Dinh An estuary to allow 10,000 dwt vessels to access the port of Can Tho. The cost of the project will be $14.9m and work, deepening the draft to 5.5 metres, will take three months to complete.
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South Africa goes with the grain
Belgium-based Vigan Engineering is to be the major supplier for the new Fauji Abkar Portia Marine Terminals project, a joint programme between the Fauji Foundation and the Akbar Group.
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Indira box terminal on
Mumbai Port Trust and Indira Container Terminal have signed an agreement to build the $268m offshore container terminal, due to start operation in December 2010. The Port Trust will contribute $80m for dredging, reclamation, and provision of space for rail tracks.
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Six new Shenzhen ports
The Chinese city of Shenzhen has received backing from the National Development and Reform Commission to build six new ports. These will include facilities at Liantang, Longhua and Dachan Gulf Harbour, and a port to connect the airports of Shenzhen and Hong Kong via an undersea tunnel.
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Chittagong concession
A 30-year concession to operate the recently built New Mooring Container Terminal at Chittagong Port is to be offered to the private sector.
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Japanese to build Vietnamese terminals
The Cai Mep container terminal and the Thi Vai general cargo terminal at the Vietnamese port of Cai Mep-Thi Vai are to be built by two Japanese joint ventures. Of the total $718m cost of the port, $328.5m will be financed by the Japanese Bank for International Cooperation, with the ...
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CMA CGM in Tianjin development
CMA CGM subsidiary Terminal Link is to undertake a 50-year joint venture with Tianjin Port Development Holdings (TPDH) and Grand Asia International Shipping to manage a new container terminal at the port of Tianjin. The three-berth facility will be situated in Binhai New Area. Projected investment is $215m, of which ...
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PIA turns over Mindanao port to ICTSI
Phividec Industrial Authority (PIA) has formally handed over Mindanao Container Terminal (MCT) to Mindanao International Container Terminal Services Inc (MICTSI) at a ceremony held at the MCT berthside attended by Phividec officers, shipping lines and local government officials.
