Asia

The Indonesian state-owned logistics and industrial park developer, Kawasan Berikat Nusantara (KBN), is seeking an investment partner for a $235m port development in Marunda area of North Jakarta.

The Orissa government is upgrading the port of Gopalpur and has announced a second phase of development work, which should be completed by March 2013. Investment of $791m will be required to…

A $1.29bn expansion scheme in Jakarta has attracted interest from APM Terminals, despite a rise in project costs from earlier estimates of $1.03bn.

CMA CGM is considering whether to go ahead with its $470m transhipment port in Batu Ampar in Batam, Indonesia.

East Java is to build four new ports by 2013 at Lamongan, Gresik, Probolinggo and Banyuwangi.

A new port complex is being built at the town of Dawei in Myanmar under a 10-year project costing $8bn being developed by Thai interests.

PSA is understood to have appointed a new group chief executive to follow in the footsteps of Eddie Teh, who is due to retire at the end of August.

Karaikal Port Pvt Ltd is to undertake a second round of private equity funding to raise $50m, with Ascent Capital Advisors India already undertaking due diligence.

DP World has won a temporary stay against a proposal by India’s port regulator, Tariff Authority for Major Ports to reduce tariffs at Chennai Container Terminal, a DP World-managed facility.

Mitsui has presented an offer to acquire the capital of Portek International, which operates eight terminals in Indonesia, Algeria, Malta and Gabon, as well as a dry port in Ruanda.

Levels of radiation surpassing European Union limits have been found on a maritime container from the Japanese port of Yokohama by authorities at the Belgian port of Zeebrugge. Dutch authorities also found…

The dredging work on the approach channel of Shanghai’s Waigaoqiao terminal has recently been completed, increasing the water level to 12.5 metres, according to China Transport News.

Some 13 investors have submitted project proposals for new ventures at the port of Magampura in Sri Lanka. These are expected to generate revenue of $1bn and include cement grinding, warehousing, sugar…

The chief executive of Cosco has revealed that the company may well resume its investment in ports.

New Mangalore Port Trust has abandoned plans for a public-private partnership development of its proposed container terminal.

The bill for the first stage of Tanjung Priok’s North Terminal development has spiralled by 26% from the original forecast, up from $1.02bn to $1.29bn. The hike in prices has been blamed…