Asia

Chennai Port Trust has rejected the $698m bid by Mundra Port and Economic Zone to develop a new container terminal at the port of Chennai, claiming that the 5% revenue share being…

Sri Lanka Ports Authority is to issue $500m in bonds, with the revenue used to pay off Japanese loans, which are proving unaffordable given the appreciation of the yen.

The Indonesian Stevedoring Companies Association has asked that state port operator Pelindo II abandon its current contract with PT Kaluku Marítima Utama to operate berths 201-203 at the port of Tanjung Priok.

The new container shipping service linking the Indian port of Kochi to ports in Europe could be suspended by operator CMA-CGM Hapag-Lloyd if customs officials continue to check seals on all transhipment…

Yantian Port Holdings is to take a 35% stake in a Shenzhen-based container terminal operator, in which it plans to invest $73.99m.

Indias Shipping Ministry is considering the merger of Chennai and Ennore ports, a move prompted by a High Court decision to force Chennai to transfer the handling of coal and iron ore…

Chennai Port Trust believes that congestion surcharges being levied by container shipping lines calling at the new container terminal are illegal.