Asia

Vietnam National Shipping Lines is to build a deep-water port in the Van Phong industrial development zone requiring $184m of investment.

Recent figures posted by Chittagong Port clearly show that productivity is improving following privatisation of Chittagong Container Terminal.

Yang Ming is to invest more than $360m in what will be the sixth container terminal at the port of Kaohsiung.

The Malaysian Ministry of Finance has suspended the law requiring port authorities to source gantry cranes from one nominated manufacturer, on the back of complaints from ports who have experienced serious delivery…

Cosco is looking into the possibility of establishing a major new transhipment hub in the Philippines, which would require investment of up to $3bn.

Konsortium Logistik Bhd, a consortium of senior executives, and a listed state company have all bid to take over Malaysias Penang Port Sdn Bhd. 

Drewry Shipping Consultants has warned of an imminent serious global container terminal capacity shortage in its Annual Review of Global Container Terminal Operators 2007.

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.

The fortunes of DP World flagship facility Busan Newport (PNC) have improved with confirmation that the world’ s  largest containerline is moving in. 

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…

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…

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…

A lack of concrete progress on many of Vietnam’ s proposed port projects is being blamed on consultants. 

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…

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.

Port Klang’ s Northport has introduced a € 110m ($148.1m) expansion programme, which aims to boost container handling capacity, in addition to that of other cargoes. Investment will take place over the…