Asia – Page 93
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Tanjung Pelepas Boost
The Malaysian Port of Tanjung Pelepas (PTP), which has become an increasing thorn in the side of the nearby Port of Singapore, reports a 37% growth in throughput for the first half year compared to the same period last year.
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Karachi has new container terminal
The International Finance Corporation, the private sector arm of the World Bank, has loaned US$9.25m to the Pakistan International Container Terminal (PICT) project in Karachi which is being developed as part of a 21-year concession.
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Portek to operate Makassar
Singapore-based Portek International has secured a contract from Indonesia''s Pelindo IV to jointly operate a container terminal at Sulawesi''s port of Makassar which handles close to 200,000 TEUs annually.
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OnePort to Enhance Hong Kong's Competitiveness
Major Hong Kong terminal operators Hongkong International Terminals (HIT), Modern Terminals Limited and COSCO-HIT Terminals (Hong Kong) Limited have formed a new joint venture company, OnePort, that will provide an open, secure and neutral platform for electronic information exchange between all port users.
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PSA acquires stake in ESCO Laem Chabang
PSA Corporation has made an undisclosed investment in Thailand''s Laem Chabang container port which will help PSA consolidate its presence in the regional market where the competition have been busy lately.
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Accelerated Korean Development
A new port authority is to be set up in early 2004 in Busan and Gwangyan, South Korea in order to speed up the development of a new container terminal and general cargo complex in the area.
