Asia – Page 82
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MUMBAI
Issued in July, the bonds are in S$250,000 (US$151,000) denominations. Three-year bonds will bear interest at the six-month Singapore dollar swap offer rate less 0.06% per annum, and 10-year bonds will earn 2.83% interest per annum, both payable semi-annually.Eleven of 12 bidders for the Mumbai port box terminal project have ...
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LAEM CHABANG
Issued in July, the bonds are in S$250,000 (US$151,000) denominations. Three-year bonds will bear interest at the six-month Singapore dollar swap offer rate less 0.06% per annum, and 10-year bonds will earn 2.83% interest per annum, both payable semi-annually.The Port Authority of Thailand has confirmed that Hutchison Port Holdings (HPH) ...
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ORISSA
Issued in July, the bonds are in S$250,000 (US$151,000) denominations. Three-year bonds will bear interest at the six-month Singapore dollar swap offer rate less 0.06% per annum, and 10-year bonds will earn 2.83% interest per annum, both payable semi-annually.The Korean steel producer Posco is to invest $900m in the construction ...
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Jurong to expand at home and abroad
Jurong is to expand its activities in Indonesia, Vietnam and China. At the same time, given a 54% increase in traffic in the first two quarters of 2005 to 444,000TEUs, plans are also being hatched to expand facilities at its home base. Five new quayside gantry cranes are to be ...
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NewsCourt clears way for second Chennai terminal
Madras High Court has cleared the way for a second container terminal concession to be awarded in the port of Chennai.
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NewsEmbattled Hong Kong cuts charges
Having lost its premier position as the world''s leading container terminal to Singapore, Hong Kong now finds its position as China''s number one port also under threat from domestic rivals. As a result, plans have been announced to cut vessel charges by 5.3% to US$7.33 for every 100 tons of ...
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YANGSHAN
According to a local survey, Hong Kong's share of traffic emanating from southern China fell continuously from 1996 to 2003. This decline may well be halted if the reduced charges can persuade some shippers to tranship containers at Hong Kong which would have previously been placed on direct services out ...
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JNPT Port Trust could lose control of box terminal
A recent diagnostic study undertaken on the Indian port of Jawaharlal Nehru has suggested delaying implementation of the proposed fourth container terminal and also taking away from the port trust operational responsibility for the Jawaharlal Nehru Port Container Terminal. The report also identifies a major bottleneck in container-rail services, which ...
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Shanghai selects investor short-list
Shanghai Port Authority has drawn up a shortlist of companies interested in investing in its Yangshan Port development. Those selected from the original list of more than 20 companies include Hutchison Port Holdings, Cosco Pacific, P& O Ports, APM Terminals and Modern Terminals/China Shipping.
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JNPT now handling 50% of Indian box traffic
Jawaharlal Nehru Port (JNPT) reports that it now handles more than 50% of India''s container trade. However, construction of the third container terminal and plans to build a fourth mean the JNPT is also due to become a major regional hub.
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NewsChinese ports not over-doing capacity
China''s Communications Minister Zhang Chunxian has rejected suggestions that the country''s major port expansion programme will create a capacity glut. He noted that the building programme would simply meet future demand whilst easing congestion at existing facilities. He also noted that some ports cannot be upgraded and therefore new ports ...
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NewsSingapore uses bond issue to grow
A US$302m bond issued by PSA Singapore Terminals'' operator the PSA Corporation, is expected to raise capital expenditure for expansion plans and refinance an Augustmaturing US$500m bond.
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Hong Kong plans on hold
Hong Kong legislators say environmental damage might occur if a container terminal is built off Tai O and would contravene the principle of nature conservation stated in the Concept Plan for Lantau Island. The project will have to wait for the results of an ecological study which will take at ...
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Five bid for Busan expansion
Around US$604.85m in investment will be required.Five companies have put forward bids to build four new berths at the South Korean port of Busan. These are PSA International, Hyundai Development, Daewoo Engineering & Construction, Posco Engineering & Construction and Hanjin Heavy Industries & Construction. 30 new berths will be added ...
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ABG/Voltri win Kandla box terminal concession
India''s ABG Heavy Engineering in partnership with Genovabased Voltri Terminals has been awarded a contract to develop and operate a US$46m container terminal at Kandla port. Its bid, which involves a 48.997% revenue share, was more attractive than those tendered by either Afcons/Hamburg Port Authority or Gammon India/Mersey Docks & ...
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NewsBusan rewards transhipment loyalty
Busan Port Authority is to return US$12.14m to 52 shipping lines as a reward for moving at least 3% more transhipment cargo through the port in 2004. This is a significant rise on the US$8.35m the port returned in 2003. The incentive programme, along with the policy of cutting port ...
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NewsMinister faces down opposition
Sri Lanka''s Ports and Aviation Minister, Mangala Samaraweera, says the government is determined to go ahead with construction of Hambantota Port, despite the fact that there are both domestic and foreign interests which oppose the project.
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Vizhinjam promotes
CentrePort Wellington chief executive Liz Ward indicated the cranes would be a significant driver in achieving greater productivity and service reliability. "Our business strategy is to grow revenue through an integrated logistics approach to port facilities, services and property interests, " says Ms Ward. "However, CentrePort Wellington is foremost a ...
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Intense interest in second Chennai box terminal
Ten companies have purchased tender documents relating to the development of a second container terminal at Chennai.
