Asia

Busan New Port recently inaugurated 11 new berths divided between three new container terminals operated by Pusan New Port Company, Hanjin Shipping and Hyundai. When the full development is completed in 2015,…

Cochin Port Trust has decided to pitch vessel-related charges at the new Vallarpadam container transhipment terminal at a level that will make facility competitive with other transhipment hubs in the region.

Containerships calling at the Port of Singapore will now be able to take advantage of the 20% reduction in port dues until 30 June 2012 following a decision to extend the concession…

The port of Colombo in Sri Lanka is to build three new terminals, spending $334m on redeveloping the port, with finance sourced from the Asian Development Bank and Sri Lanka Ports Authority.

Ningbo Port Company is to raise $1.9bn via an initial public offering on the Shanghai stock exchange. Analysts, however, believe that interest in transport stocks is on the decline, especially given uncertainty…

Tianjin Port Development claims it will make a profit this year, despite racking up a $6.1m net loss in 2009. This compares with a net profit of $16.8m the previous year.

Indonesian state port operator Pelindo II is to build a 10m teu capacity hub port at Karawang, West Java. The development will take place over the next five to ten years at…

The 10 member countries of the Association of the Southeast Asian Nations (Asean) have been taking rapid steps to build up trade between members and with other parts of Asia.

Conductix-Wampfler AG’s electrified ryber-tyred gantry cranes are to be used in the Express Yard in South Korea, the Nagoya United Container Terminal in Japan, and the New Century Container Terminal in China.…

The 10% concession for ocean-going vessels mooring at the Port of Singapore for not more than 10 days has been extended for a further six months to September 30, as has the…

JNPT is designing two additional terminals, including a fourth container terminal, priced at an estimated $1.5m.

Ningbo Port plans to list shares on the Shanghai stock exchange by the end of the second quarter of this year.

Chennai Port Trust is discussing with PSA-Sical the possibility of sub-letting part of its new container terminal, given that it is currently handling fewer than 20,000 boxes.