Asia – Page 88
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News
LI KA SHING GOES SHOPPING AGAIN
Li Ka Shing''s Hutchison Whampoa (HWL), parent company of HPH, is buying a 12% stake in South Korea''s Hyundai Merchant Marine (HMM). The move follows his recent acquisition of 15% of China Shipping Container Lines and his disposal of 5.6% of Orient Overseas Container Line.
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COSCO SET FOR EUROPEAN INVESTMENT
Port of Rotterdam ceo Willem Scholten: "This an extremely important agreement. The expansion will give businesses the opportunity to grow in Rotterdam. Maasvlakte 2 will be an excellent location. Right on the sea, and with good hinterland connections.COSCO Pacific is said to be negotiating to take a 2025% shareholding in ...
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NewsCSXWT increases stake in Pusan
CSXWT has purchased an additional 0.5% equity in Pusan Newport Company, the concession consortium for the development of the Pusan New Port project in Busan. The transaction brings CSXWT''s shareholding in the project to 25%. Samsung Corporation also holds 25% in the consortium. In addition, CSXWT holds exclusive right to ...
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Stock listing for Qingdao
Qingdao Port Group has been granted permission to undertake a stock exchange listing to raise capital to expand capacity. The flotation will take place either on Shanghai''s A-share Market or abroad. Qingdao is already China''s third largest container port and the 14th largest overall in the world, but could enter ...
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NewsXiamen Haicang dredging completed
A key component is the construction of a new deepwater container transhipment terminal at Ballylongford, County Kerry, at an estimated cost of €250m, a terminal which is expected to capitalise on the acute congestion at existing European container ports such as Rotterdam, Antwerp and Bremerhaven.The newly broadened and deepened navigation ...
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DALIAN SIGNS UP PARTNERS
A key component is the construction of a new deepwater container transhipment terminal at Ballylongford, County Kerry, at an estimated cost of €250m, a terminal which is expected to capitalise on the acute congestion at existing European container ports such as Rotterdam, Antwerp and Bremerhaven.Cosco Pacific has signed a strategic ...
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Jan De Nul
Belgian dredging contractor Jan De Nul has recently been awarded more than € 200m worth of contracts. In Hong Kong, landfall dredging and close to 1.5m tons of rock-dumping has to be executed for the gas pipeline connecting the Guangdong Liquefied Natural Gas Terminal located at Cheng Tou Jiao (Shenzhen) ...
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NewsSTRUCTURAL CHANGES BRING NEW CHALLENGES
The growth in scale and complexity of Asia''s container terminals is providing the ports of the region with massive new challenges - and new opportunities. Steve Meyrick tells the story.
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Laem Chabang tenders
Thailand''s deepwater port of Laem Chabang is to get six new terminals in a tender believed to be worth $400m.
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Klang introduces CSI surcharge
"The feat marks the first time that a container has been successfully tracked intransit without any 'blackouts' associated with limited satellite or cellular network coverage, line-of-sight obstructions or reliance upon costly ground-based infrastructure, " boasts ceo Vaibhav Malawade. The container was even tracked consistently when positioned in the centre of ...
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NewsMajor capacity shortfall in the east
Drewry Shipping Consultants believes that East Asian ports will lack 14m TEUs in capacity by 2007 unless more investment in facilities is made a priority. In that year demand will be 143.3m TEUs compared with capacity of 129.5m TEUs, assuming an annual projected growth rate of 8%-9%, with China seemingly ...
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BMT helps out in Malaysia
BMT Asia Pacific has advised on the design of a new deep water container terminal at Sepangar Bay in Sabah. The study considered where the terminal needed to be located to minimise dredging and enable ships to manoeuvre safely in the area, avoiding potentially dangerous reefs.
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Vizhinjam attracts strong interest
Expressions of interest have been received from 11 companies who wish to take forward construction and operation of an international container transhipment terminal at Vizhinjam. The tender prompted three international groupings to reply: Dubai Ports International; a consortium headed by the National Ports Authority of South Africa, including partners Hyson ...
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Unity box terminal opens in Colombo
The 330,000TEU capacity Unity Container Terminal at the Sri Lankan port of Colombo was due to start operations in May. Japan Bank of International Cooperation (JBIC) granted a loan of $14.91m to enable three STS gantries, and eight RTGs to be bought, while another loan of $32.95m financed construction of ...
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NewsDPI to manage Kochi/Cochin
Dubai Ports International, the overseas management arm of Dubai Ports Authority (DPA) offered to share a staggering 33.3% of total revenue with the Indian government when bidding for a concession to run a major new transhipment facility at the port of Kochi/Cochin. Only two other companies bid: the IL& FS ...
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APMT assumes control of Pipavav
APM Terminals, which currently holds a 12.5% stake in India''s first private port company, Gujarat Pipavav Port Ltd (GPPL), is to assume management control of operations as part of a restructuring plan which will also see it buy the 37% stake held by Sea King Infrastructure Ltd. However, with current ...
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NewsPortek and HPH unlock horns
Singapore' s crane leasing, engineering and terminal operating group Portek International seems to have patched up its relationship with the Hong Kong HPH group. Hutchison reportedly decided to end certain equipment leasing and maintenance agreements when Portek apparently attempted to woo Maersk Sealand away from HPH' s Tanjung Priok terminal ...
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Opportunities on hold following hung parliament in Phnom Penh
By any standards, port operations in the Cambodian capital of Phnom Penh, located on the confluence of the Tonle Sap and Mekong rivers, are low key. But that has not stopped port authority director Hei Bavy from outlining an ambitious strategic plan for the future.
