Asia

Shenzhen Yantian Port Group and Hutchison Port Holdings are to jointly build a new container terminal at the Port of Yantian. The initial phase will involve construction of 1.39m square metres of…

Paradip Port Trust has until March 31 to sign construction contracts for two new berths; one to handle coal and the other iron ore. The last date for submissions is February 12.

Vietnams Tan Tao (ITA) group has issued a tender for the construction of a power plant and sea port complex in Kien Giang province, some 300 kilometres from Ho Chi Minh City.

Tianjin port in northern China handled 354m tonnes in 2008, compared with 300m tonnes in 2007. Container traffic, at 8.5m teu, was up 19.7%

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.