Asia – Page 73
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NewsFourth JNPT box tender
The Indian port of JNPT is to issue a tender in respect of its proposed fourth container terminal by the end of the current year. Expressions of interest have already been received.
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BONTANG SETBACK
Earnings at Indonesia''s Bontang Coal Terminal have been hit by a malfunctioning winch-brake motor, which forced the declaration of a force majeure in February.The terminal has a loading capacity of 250,000 tonnes per week.
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VINALINES PORT PLEDGE
Vietnam Shipping Lines, known as Vinalines, plans to raise $3.3bn (VND51tr) over the next three years to invest in its shipping fleet and upgrade its ports. Part of this investment will be spent on the construction of new seaports in Dinh Vu, Hiep Phuoc and Cai Mep.
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ASIA-PACIFIC COOPERATION
Port officials from Asia-Pacific stressed the importance of cooperation at a pivotal International Association of Ports and Harbours'' meeting in Vietnam in February. Representatives met to discuss port development and management and plans to develop sea links between Cambodia, Laos and Vietnam.
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HPH seals Vietnam deal
Expected to be fully operational in 2011, the terminal will have a quay length of 730 metres, with depth alongside of 14 metres and a total yard area of 33 hectares.
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NewsAutomatic kick for Manila
International Container Terminal Services Inc''s (ICTSI) flagship terminal is gunning for full automation at its central gate with the introduction of truck portals with imaging cameras and automated driver transaction kiosks.
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HPH seals Vietnam deal
Kong Kong''s Hutchison Port Holdings (HPH) is to jointly construct, develop and operate a new container terminal in Vietnam under a 50-year concession.
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Taiwan has opened Qingdao terminal
Taiwan-based shipping line, Evergreen, has inaugurated a new $300m container terminal at the Chinese port of Qingdao. It will provide logistics support to vessels linking China, South Korea and Japan.
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ICTSI swoops on Shandong terminal
Global port operator International Container Terminal Services Inc (ICTSI) has bolstered its Asian port holdings with a majority share in a Chinese operator.
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China's bright star still shining
"China''s port industry shows a promising future", a recent report from Research in China has found. The study estimates that China''s port handling capacity will increase by 80% or more from 2006 to 2010 and by 2010 the annual handling capacity of Chinese ports will top 6bn tonnes. Container handing ...
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Klang and Incheon pool resources
Port Klang and Incheon Port have signed a Memorandum of Understanding (MoU) to improve trade, traffic and services between the two ports. Last year, Port Klang handled 22,000 teu from Incheon Port, a rise of 37.5% from 16,000 teu in 2005. Total throughput from South Korea was 142,000 teu in ...
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NewsOOIL terminal division sale awaits official seal
Hong Kong-based Orient Overseas (International) Ltd (OOIL) deal to sell its terminal division to Canada''s Ontario Teachers'' Pension Plan for $2.35m is awaiting approval from shareholders and competition authorities.
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WEST BENGAL FEASIBILITY
The tender for a feasibility study for a deep-water port in West Bengal has attracted bids from consultancy firms in the US, Europe and China. In addition to drawing up the report, the winning bidder will have to maintain an association with the project until it is fully implemented.
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INDIANS FINANCE PORTS
India''s private-sector is forecast to invest $7.67bn in the domestic port industry over the next six years.The 276 potential projects will require total investment of $12.4bn, which will be state-funded where possible.
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CHINESE INVEST IN INDONESIA
Two Chinese companies - China National Property Administration Council and Qili Holdings - are making substantial investments in the Indonesian province of Papua. Biak Port will benefit from the construction of a new container terminal.
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HORIZON PRESENCE IN KOREA
Dubai-based Horizon Terminal Ltd recently inaugurated its joint-venture Horizon Taeyoung Korea Terminals in partnership with the Taeyoung Group, expanding the company''s terminal network in the Korean port of Ulsan. A 130,000 sq m expansion area will be created, capable of accommodating vessels of up to 30,000 dwt at a cost ...
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CHINA SHIPPING SEEKS MALAYSIAN OPPORTUNITIES
China Shipping Terminal Development, part of the China Shipping Group, is rumoured to be negotiating an equity stake at the Malaysian port of Tanjung Pelepas, although this has been officially denied.The company is also in talks with Port Klang box terminal operator Westport, with the same aim in mind.
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SHANGHAI SHARES UP
Shares in Shanghai International Port (Group) Company Ltd are now being traded on stock exchanges in both Shanghai and Shenzhen.Despite being valued at above the company''s initial expectations, the shares rose by 3% in early trading.
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SHENZHEN CONCENTRATES OWNERSHIP
DP World is to sell a stake in two of its three Shenzhen terminals for $229m to China Merchants Holding, which has also agreed to the purchase of further equity currently held by minority shareholder Swire.This would allow three box facilities to merge ||under the Mega SCT name.
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INDIAN MINOR PORTS BOOST
As part of India''s National Maritime Development Programme,¢ 89m is to be invested in a number of projects at minor ports. India has 12 major ports and 185 minor ports, although only a few of these latter facilities are open year-around.Nevertheless, this group handles 25% of all traffic, amounting to ...
