Asia

PSA Singapore Terminals is to invest S$3.5bn in automation and intelligent technologies in Phases 3 and 4 of its Pasir Panjang Terminal.

Westports Malaysia is to raise $500m through an IPO in the second quarter of next year.

Indonesian state holding Pelindo II is reported as preparing to sell off its subsidiary, Multi-Terminal Indonesia, which manages its logistics activities, as well as container and multi-purpose terminals.

The government of Singapore has confirmed its intention to consolidate all container handling at a new port, Tuas, which should go into operation within the next 10 years.

Only DP World has entered a bid for the new $114m container terminal at the Indian port of Jawaharlal Nehru.

Vietnams Cai Mep International Terminal recently managed to achieve productivity of 45.63 moves per hour on vessels operating the direct route to the US.

Four Thai state enterprises, including the Port Authority of Thailand, will raise as much as Baht100bn ($3.2bn) in new capital through infrastructure funds, according to the State Enterprise Policy Office (Sepo).

Chinas state-owned Yanbian Haihua Group has purchased the rights to make use of two berths at the North Korean east coast port of Chongjin.