Asia – Page 89
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Kandla box terminal project losing steam
The US$46m container terminal project at the Indian port of Kandla, currently the object of a third BOT concession attempt, has attracted interest from just five local companies.
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NewsYICT loan facility finalised
Yantian International Container Terminals (YICT) has signed a $423m 5-year term loan facility with a consortium of banks. According to the Facility, the consortium which includes Bank of China, Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China and China Development Bank, will provide YICT with ...
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Tuticorin takes new look at hub status
The so-called Portalino is being operated by Fertimport, the state's leading grain handling stevedore. Following a trial period, the unloader has been able to achieve handling rates of 300 tonnes per hour, three times that previously reported in the port using either fixed and/or mobile pneumatic unloaders.PricewaterhouseCoopers and Ernst & ...
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Johor shows its mettle
The so-called Portalino is being operated by Fertimport, the state's leading grain handling stevedore. Following a trial period, the unloader has been able to achieve handling rates of 300 tonnes per hour, three times that previously reported in the port using either fixed and/or mobile pneumatic unloaders.Johor hopes its volumes ...
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New Chinese law eases foreign investment
China has introduced a new law which aims to make investment opportunities in its port industry more attractive.
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Maersk warns Indians
Steen Lund, Maersk' s senior vp Asia for line management, recently made some extremely high profile remarks to the press regarding what he sees as capacity bottlenecks at some container ports in India.
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New terminal capacity in Bangladesh
Chittagong Port Authority and the China Harbour Engineering Group have signed an agreement for the construction of the New Mooring Container Terminal at the port. Phase I, which will involve the building of a 1000 metre long quay and associated container terminal, will require development of a 22ha site at ...
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NewsScott Wilson in Hong Kong
Overall, he notes, Indian ports are beginning to lack competitiveness compared to other regional players, which places the country's overseas trade at risk.Phased operations have now commenced at CT9, Hong Kong's newest and largest container terminal. The last of the six new berths is to be completed and handed over ...
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PSA Corp interested in Vizhinjam
Overall, he notes, Indian ports are beginning to lack competitiveness compared to other regional players, which places the country's overseas trade at risk.PSA Corp has expressed a strong interest in investing in the proposed deep-sea container terminal to be built at the Indian port of Vizhinjam, which it claims demonstrates ...
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Gwadar scheduled for 2005
The new Gwadar port will commence operations, on schedule, in March 2005. The initial phase, costing $298m, will involve three operational deep-sea berths, with additional phases due to add up to nine more and is being built by Chinese engineers.
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NewsTHAT CHINA FACTOR AGAIN
With its sterling economic performance, China has overshadowed the region. But while China is a formidable rival in the battle for foreign investment, forcing several of its neighbours to make painful readjustments, it is also an ally. Its expansion has created fresh opportunities for Southeast Asian companies and countries, reports ...
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Colombo to bring in scanning equipment
"We've had the Port Security Facility Assessment done, " says security manager Denis Murphy. "It will be a month before TRANSEC come back with their written report." Murphy then has two months to put together a Port Security Facility Plan which will include all the berths on the river.As part ...
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$4 billion for Colombo
The majority of this would be spent on creating a breakwater, with some work to the quay.A report on a planned $4 billion development of Colombo port is due to be published. The project, which is being promoted by the Sri Lanka Export Development Board, will add a further 13 ...
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Joint Thai/ Myanmar port
The majority of this would be spent on creating a breakwater, with some work to the quay.Myanmar and Thailand are to cooperate on the establishment of a new joint-venture deep-sea port at Dawei in southern Myanmar. The project will go ahead as part of the economic cooperation strategy put together ...
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PTP concedes regional competition will grow
Malaysian transhipment hub PTP expects to face growing competition from new ports in both Thailand and Indonesia in the near future, concedes ceo Mohd Sidik Shaik Osman, adding that developing infrastructure at Chinese ports would inevitably lead to more direct calls, lessening the need for transhipment.
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India to invest $25 billion
Indian prime minister Atal Bihari Vajpayee revealed that $25 billion is to be invested in domestic ports as part of a series of upgrading and construction projects, with investment sought from European companies.
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XICT buys new cranes
Xiamen International Container Terminals (XICT) has purchased two super post-Panamax quay cranes to strengthen the terminal''s productivity as well as enhance the competitiveness of the Haicang Port Zone.
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NewsTHE CHINA FACTOR
Gavin van Marle examines the opportunities for foreign investors in China''s burgeoning container handling sector - and in its hinterlands.
