Asia – Page 78
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DP WORLD EYES GWADAR
DP World is negotiating the possibility of assuming operational management of Pakistan''s Gwadar port.
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NewsMumbai saga rolls on
The bid process for the Mumbai offshore container terminal continues to be extended much to the irritation of the port trust and a number of the bidders.
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IPA COMMUNITY SYSTEM
The Indian Ports Association is backing the development of a centralised Web-based Port Community System.
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COLOMBO BREAKS RECORD
In March this year, the Sri Lankan port of Colombo posted a new monthly record of 245,024TEU handled.
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NewsPICT boosting capacity
The Phase 2 development of Karachi''s Pakistan International Container Terminal (PICT) is due for completion by the end of June.
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NewsIndia earmarks $10bn of investment
In the next six years, India plans to invest $10 billion in upgrading port facilities to meet the demands of its growing economy. The country''s 12 largest ports, which account for 75% of all trade, will source much of the investment abroad.
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Gwadar seaport to open in June
Work has already begun on the $24 million third phase programme; phase one cost $30 million and phase two $17 million.Pakistan has revealed that its new Gwadar deep seaport should become operational in June. There are already in place facilities for handling containers, general cargo and dry bulk. The port, ...
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NewsChinese container clusters planned
The Chinese Communications Minister Li Shenglin has revealed the government has a policy aimed at creating two new port ''clusters'' to add to the three existing ones centred on Shanghai, Shenzhen and Tianjin.
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NewsFeeder surcharge at Chittagong
Feeder vessel operators are threatening to slap a $130 surcharge on each TEU that they have to handle at the port of Chittagong unless congestion there decreases within the next month. At present, feeder lines such as QC Container, HRC Shipping, Orient Express, Advanced Container and Sea Consortium charge $300 ...
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SHIPPER ACTION
APM Terminals, CMA-CGM, DP World, ETA, ICTS, Gammon Infrastructure, IL&FS, GVK, Soma Enterprises and Concor are all interested in bidding. Indian shippers are hoping to employ new draft legislation, the Shipping and Trade Practices Act, to stop the current practice of lines collecting terminal handling charges.
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DP World to invest $450m in Kochi
DP World is expected to issue a tender for the design of a $450m container terminal in the Indian port of Kochi, which is located in the southern state of Kerala.
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PSA BOND ISSUE
Part of the Port of Singapore Authority''s recent purchase of a stake in Hutchison Ports (see International Terminal Operator story this issue) is to be financed by an offshore bond.
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PENANG
This will enable financial closure to take place for the first phase of the port project five years after it started operations in April 1999.Completion of the North Butterworth Container Terminal phase 2B is expected to boost cash flow at Penang Port Sdn Bhd by up to US$24m. The cash ...
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New box terminal for Kaoshiung
Kaohsiung Harbour Bureau has issued terms covering bids for the first phase of the new International Container Terminal.
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CMA CGM eyes Indonesian hub port project
CMA CGM is now the only party interested in setting up an international hub port at Batam in Indonesia. Other potential investors failed to put forward bids for what is a US$218m project.
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NewsNamPort secures US loan
Walvis Bay: another aspiring hubThere are inherent difficulties with the bid which requires certain conditions that the Indonesian government might find difficult to approve.The United States Trade and Development Agency has awarded Namibian Ports Authority (NamPort) a grant of $400,000 for port development and expansion projects. NamPort is trying to ...
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NewsIndian ports struggle to keep up
Remarkable growth in container trade has focused minds on the need for massive investment in the region''s ports. Nick Elliott reports.
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NewsPRIVATISED CARGO HANDLING AT KPT
Karachi Port Trust: a step towards privatisationAs readers of PS will have noticed, South Asian port development projects - India in particular - almost warrant their own news department in the magazine. Nevertheless, berth congestion appears to be on the increase at major ports throughout India. For the nine months ...
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NewsKANDLA ACCELERATES EXPANSION
Kandla is speeding up its € 946m expansion programme in an attempt to boost cargo handling capacity by 32.4m tonnes over the next five years which will give it a total capacity of 73.6m tonnes. This will require the construction of new berths, the development of a satellite port at ...
