Asia

Plans to move cargo terminals away from the Saigon River outside Ho Chi Minh City are unlikely to be fulfilled before 2010, because of a lack of investment capital.

Shanghai Port handled around 28.5m teu last year, although had been forecast to reach 30m teu. This compares with 26.2m teu in 2007.

Shanghais Yingkou Port Liability company is to issue $175m in corporate bonds with a maturity of 10 years, although this will depend on market conditions. The money will not be used to…

China Merchants Holdings (International) is to cut back plans to develop terminals and also possibly adjust capital expenditure as the economic downturn begins to impact in China.

Rotterdam Port Authority has signed a memorandum of understanding with Malaysias Palm Oil Industrial Cluster to develop the Port of Lahad Datu on the island of Borneo. The eventual port could cover…

The international investment group 3i is to buy a 24% equity stake in the Krishnapatnam Port Company for $200m. This company is to develop and operate a new port on Indias east…

Tuticorin Port Trust has shortlisted five companies for its second container terminal. These are: PSA-Sical (which operates the existing terminal), Oceanic Transport, Chettinad Logistics, Afcons Infrastructure and Larsen & Toubro. Investment of…

Yangkou Port has opened for business in China on a man-made Island in the Yellow Sea, which is linked to the mainland by a 30 kilometre causeway.

Work has begun on building two deep water ports in Vietnam costing a combined $695m.

Figures released for October showed that volumes handled by Chinese major ports were up 6% year on year, 2.1% lower than the rate in September. 

An agreement signed between Russia and North Korea will see the construction of a container terminal at the latters Port of Rajin. The project, which will cost $72m, will involve a rail…

Kandla Port Trust has invited bids for four multi-purpose berths at Tuna Tekra, which will be the location of a special economic zone.

New Mangalore Port Trust in India is to build four new berths in the Western Dock area. One is already under construction and will be used exclusively by the Udupi Power Corporation,…

Indias Ministry of Shipping has given the go-ahead for the construction of the Vizhinjam Deepwater Container Transhipment Terminal, which will be located 16 kilometres from Thiruvanthapuram.

There is rising disquiet in Vietnam that international stevedoring groups are holding too much power at national ports, something which could eventually work against the interest of local traders.

Gujarat Pipavav Port Ltd (GPPL) has filed its draft prospectus with the Securities and Exchange Board of India for an initial public offering of 5bn Rupees ($100.2m). The shares will be listed…

Pro-democracy demonstrations in Thailand have begun to impact negatively on the nations ports. Bangkok has in recent months already suffered a complete one-day shutdown due to agitation from anti-government protesters, prompting prompted…

Maersk has slashed the number of containers it handles at Kaohsiung by 20%, less than the rumoured 50% reduction. The company will no longer call at berths 118 or 119, instead transferring…

China Shipping Container Lines is to assume control of China Shipping Terminal Developer from its parent company, the China Shipping (Group), for $380m. This company manages ports both within China and overseas.