Latest News – Page 1046
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Burst that bubble
Give or take a few US politicians, no-one thinks its workable, no-one wants it, it will be expensive but it is in the pipeline. “ It” is, of course, new legislation in the US compelling the screening of all US bound containers at foreign ports.
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CHINA GROWTH EXPLOSION
China’ s Ministry of Communications predicts that domestic ports will be handling 6bn tonnes by 2020 compared with 3.95bn tonnes in 2006. It also anticipates an increase in the amount of foreign investment in the ports industry over the coming years. At the same time, Chinese port companies are expected ...
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RUSSIA SIDELINES UKRAINE
Russia is to invest $1.2bn on a new dry port in the Krasnodar region as a means of reducing the amount of domestic coal and containers shipped from ports in Ukraine. The government eventually wants to build a new port near Taman. Meanwhile, the Russian government has committed itself to ...
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VLADIVOSTOK BOX TERMINAL
Container Service of Vladivostok is to open a new container terminal at the port in mid-2008 capable of handling 100,000 teu annually. ZPMC has been asked to provide both gantry and yard cranes as part of a $15m contract.
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CHENNAI CAR TERMINAL
Six foreign companies and nine Indian companies have indicated in interest in the project to develop a RoRo car terminal at the port of Chennai costing € 142m ($193.7m). This will be undertaken on a BOT basis for a 30-year concession.
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EVERGREEN KAOHSIUNG COMMITMENT
Evergreen Marine Corp has extended its lease on one of its Kaohsiung, Taiwan facilities for 11 years and one month. The terminal occupies over 400,000 sq m of land and provides three berths with a total quay length of 815m.
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NewsWorld Bank singles out ICTSI success
Philippines-based International Container Terminal Services Inc (ICTSI) has been praised by the World Bank for its successful public-private-partnerships in South America, Africa and Europe.
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Go slow on Vietnamese port projects
A lack of concrete progress on many of Vietnam’ s proposed port projects is being blamed on consultants.
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NewsIndonesia plan to develop 25 international ports
The Indonesian Transport Ministry says it will develop 25 of the country’ s 141 ports into international facilities over the next few years.
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Bidding war for new Pakistani deepsea port
Concerns have been raised over the bidding process for the Pakistan Deep Sea Container Port, which appears to have allowed some companies to simultaneously enter more than one bid.
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KLANG TO EXPAND NORTHPORT
Port Klang Authority is seeking consultants to carry out a feasibility study on developing a plot of industrial land next to Sungei Puloh. This will be incorporated into the Northport concession. The area in question covers 800 hectares and has sea frontage, and is located just to the north of ...
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MYANMAR DEEP AMBITIONS
Myanmar is to build a new deep seaport on its western coastline at Mayday island near Kyauhphyu. Privately-owned Asian World will undertake construction; it originally carried out the project survey.
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LIANYUNGANG BOND ISSUE
Jiangsu Lianyungang Port Group, parent of Shanghai-listed Lianyungang Port Co Ltd (SHA 601008), has issued Yuan400m ($53m) worth of 365-day discount bills on the interbank bonds market to optimise its loan structure.
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NewsCochin hits back at labour rebels
Cochin Port Trust has introduced a raft of new measures aimed at improving productivity, especially in the container terminal.
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Busan New Port secures Maersk calls
The fortunes of DP World flagship facility Busan Newport (PNC) have improved with confirmation that the world’ s largest containerline is moving in.
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Vizinjam tender
The Indian ports minister has confirmed that the tender process for the development of the Vizinjam container terminal at the port of Thiruvananthapuram will be completed by the end of the current year. In all, 43 international and domestic companies have shown an interest.
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NewsMuch stick, little carrot
Saddled by high costs and an uneven playing field for foreigners, India’ s awkward attitude to port development is turning away manufacturers, reports Wing Kah-goh
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NewsChina comes to Pakistan's rescue
With a world-class deepwater facility, bankrolled by the Chinese, now up and running at Gwadar in the southwest of Pakistan and PSA International as its operator, the government is now working out the details of a fourth major port. The Pakistani government continues to sift through the bids for a ...
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NewsHand that feeds
Back to normal in Tuticorin after PSA International made a point to the Indian Government about the weird workings of the Tariff Authority for Major Ports (TAMP), the body which, in September 2006, effectively halved PSA’ s revenue at its Tuticorin Container Terminal (TCT) as a result of enforced tariff ...
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NewsFrom sea to shore
Land reclamation is often viewed as the only answer to space constraints, but it is not without its own problems, warns Alex Hughes
