Asia – Page 62
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News
Traffic slowing at Shanghai
China Merchants Holdings predicts that Shanghai International Port will handle 30m teu this year, despite the slight downturn in the global economy. However, in the four months to the end of April, throughput had risen by 11.4%, compared with an increase of 20.4% the previous year.
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Northport to invest in new facilities
Port Klang terminal operator Northport is to spend $152m over the next two to three years on expanding existing facilities, including the construction of a 350-metre container berth that will boost the existing amount of quay given over to this activity to 3,600 metres.
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India cash for Burma
India has signed a $120m agreement with the government of Burma (Myanmar) to build a port and transport system. India continues to make significant investments in its neighbour''s infrastructure.
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NewsHK Port operator braves cooler market
China Merchants Holdings International, the Hong Kong-listed port operator, has launched a five and 10 year dollar bond, braving some rough conditions in the international markets.
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Colombo South on schedule
The Colombo South expansion project is on schedule to open on time, according to Sri Lankan Port authority chairman Saliya Wickramasuriya. The breakwater is alone is costing $400m, as will the first container terminal to be built in the new area.
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NewsYangtze river surges to new high
China''s Yangtze River container volumes rocketed 38% in 2007 on the back of booming trade, a new study has found.
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Bureaucracy delays Indian port development
Radical changes need to be made to India''s decision-making process if it is to achieve its aim of doubling port capacity to 1.5bn tonnes by 2011-12.
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Pakistan to overhaul ports policy
The Pakistani minister responsible for ports and shipping is reviewing previous government policy on the ports sector and has promised to make necessary changes to bring it in line with international standards. In his view, there are several flaws in the existing legislation that require amendments.
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Indian JV seeks opportunities
TM International Logistics Ltd, a joint-venture between Tata Steel (51%) and Germany''s Martrade (49%), is actively considering undertaking port operations beyond India, according to managing director Dibyendu Bose. At present, the company has a handling operation at Haldia dock, as well as offering various logistics services in India.
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JNPT struck by congestion again
JNPT is once again experiencing congestion problems with reports suggesting that anything between 20,000-25,000 import-export boxes are awaiting clearance at any one time. Growing traffic is said to be exacerbating the problem.
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DP World seeks additional Qingdao investment opportunities
DP World, which already manages the Qingdao Qianwan Container Terminal at the Chinese port of Qingdao, says it is seeking additional investment opportunities in the city. Company president, Ahmed bin Sulayem, has already had talks with local political representatives.
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Mega Nanning port project
Guangxi Beibu Gulf International Port (Group) Company and Shenzhen Yantian Port Group Company have announced a joint-venture agreement for a terminal development at the port of Fangchengang and a logistics area at Nanning. The aim is to eventually create a 100m tonne cargo handling facility.
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Bids invited for Indian mega-terminal
Bids have been invited by Chennai Port Trust to build and operate India''s largest ever container terminal.
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NewsCrippled infrastructure threatens Vietnam success
Leading shipping lines have criticised a lack of investment and supporting infrastructure in Vietnamese ports.
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Vietnam deepwater first set for 2008 start up
Saigon Newport plans to put Vietnam''s first deepwater port into service by the end of the year, according to Tran Khank Hoang, the company''s director of marketing and external relations.
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VICT boosts capacity
Vietnam''s first purpose-built container port is increasing its berthing space by a more than a third.
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Flywheels for ZPMC cranes
Vycon''s Regen flywheel energy-saving units will be installed in six new ZPMC rubber-tyred gantry cranes scheduled for delivery this year. The units are on order for Chinese Xiamen Songyu Container Terminal.
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India eyes deep draught
India''s Union Ministry of Shipping is to appoint a consultant to help identify and study the feasibility of building five deep draught ports. One of these will be located in West Bengal.
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NewsEconomic crisis could scupper 2008 box growth
China Container Industry Association has predicted that world demand for containers could drop by 10% to 20% if another economic crisis emerges this year.
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Ennore box terminal bid
Ennore Port Ltd is to develop a container terminal with 1,000 metres of quay and capacity for 1.5m teu at a cost of $326m. Private operators have been asked to request qualification to bid.
