Asia – Page 71
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INDIAN 'SUPER-DREDGER' MOOTED
The Shipping Corporation of India, Jawaharlal Nehru Port, Mumbai Port and Mazagon Docks Ltd are looking into setting up a large dredging company. In addition, the government''s Ministry of Petroleum is also speaking to oil companies, which may also later become involved in the project. Foreign companies interested in investing ...
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MUNDRA IPO
Mundra Port & Special Economic Zone Limited intends to raise ¢ 310m ($421m) via an IPO, which would be the first time any Indian port operator has used this method as a means of raising finance.The IPO is scheduled for the second quarter and money raised will be invested in ...
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DALIAN IN BED WITH MODERN TERMINALS
Dalian Port Company and Modern Terminals Ltd are to build a deepwater container terminal at the Port of Dalian. This will be located at Dayaowan North Harbour.
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XICT ADDS QUAYSIDE LIFT
Xiamen International Container Terminals has taken delivery of two post-panamax quayside gantry cranes and six mobile harbour cranes, bringing to 38 the overall number of cranes owned by the facility. XICT is also to bring online a further 443 metres of quay, which will have alongside draught of 17.5 metres.
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Chittagong go-slow cripples operations
Workers belonging to Chittagong port authority implemented a policy of nonco- operation following the takeover of management of the container terminal by private company Saif Powertec.
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KPT re-thinks causeway plan
Karachi Port Trust is rethinking its plan to link the proposed Pakistan Deepwater Container Port by a six kilometre long causeway following an initial cost assessment.
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K-Line hybrid cranes mark Japan first
K-Line group company, the Daito Corporation, has ordered three hybrid cranes for Ohi Terminal in Tokyo and Honmoku Terminal in Yokohama.
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Busan transhipment coup
In a major coup for the Korean port, Busan has lured Mediterranean Shipping Company''s transhipment business from China''s Ningbo Port.
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NewsChennai two terms confirmed
Chennai Port Trust has released the terms of the recently-awarded PSA-Sical 30-year concession to operate the second container terminal in the port.
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NOL QINGDAO PROJECT
Neptune Orient Lines of Singapore and Chinese partner the SITC Maritime (Group) have established a joint-venture to build and manage the new container terminal at the Chinese port of Qingdao to implement the concession it was awarded in 2005.
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VIETNAMESE PORTS NEED $3.7BN
Vietnam has said it needs $3.7bn to build and upgrade existing ports throughout its territory by 2010.Van Phong in Khanh Hoa province and Lach Huyen in Hal Phong city have been identified as the ports with the best growth potential.
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PORTEK SHARE SOLD
Stockholm-based Bromma Group has bought a 25% equity interest in Bromma Far East (Singapore) from Portek International, to give it sole ownership of the company.
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PTP KALMAR LINK
The Port of Tanjung Pelepas is to upgrade its rubber-tyred gantry fleet with Kalmar''s Fleetview fleet management system.Marking the first order for the system in Asia, the upgrade will be completed by April 2007 and will allow port control room staff to monitor the real-time positioning and efficient control of ...
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Chittagong embraces private sector
Saif Powertec Ltd has been awarded an exclusive cargo handling contract to manage Chittagong Container Terminal, bringing to an end the former stevedoring model previously preferred by the port authority. Initially, the private sector company will run the terminal as part of a pilot scheme, undertaking activities both on the ...
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Plans advance for Vallarpadam
DP World, container handler at the Indian port of Cochin, has submitted plans to the port authority for the proposed Vallarpadam transhipment terminal.
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Paradip builds two berths
India''s Paradip port is to issue tenders within the next three months for the construction of two new berths; one to handle iron ore exports, while the other will concentrate on imported coking coal.
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NewsMalacca Strait fund call
Japan''s The Nippon Foundation has spear-headed a call for a cost-sharing scheme to protect the future of the Straits of Malacca and Singapore.
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Riding the Malaysian transhipment wave
Ports in Malaysia posted a 12% volume increase last year in containers with a total of 13.6m teu handled, compared with 12m teu in 2005.
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NewsEastern Allure
India has the promise that port investors look for but there remains significant scope to enhance its attractiveness. Mike Mundy reports There is no disputing that India needs new port capacity and where new port capacity is needed there are opportunities.
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Ex-PSA managers boost Aden throughput
Overseas Port Management (OPM), managed by several ex-PSA executives, has been granted a one-year extension to its three-year contract at Aden Container Terminal.
