Asia

China has formally joined the Container Security Initiative (CSI) to target and pre-screen containers shipped from Shanghai and Shenzhen to US ports.

Tianjin is to invest $2.18bn to expand its facilities to rival those of Shanghai. At present the northern port is Chinas fourth largest having handled total traffic of 129m tonnes in 2002.

The Ministry of Port Development and Shipping in Colombo has signed a US$ 10 million contract with British consultant Scott Wilson to realise plans for the development of the Port of Colombo…

The International Finance Corporation, the private sector arm of the World Bank, has loaned US$9.25m to the Pakistan International Container Terminal (PICT) project in Karachi which is being developed as part of…

The Port Authority of Thailand has earmarked 16bn baht (US$385m) to convert Laem Chabang into a dominant regional hub.

Pusan Newport Co (PNC) has received financial backing of US$480m for the construction of its new terminal in Pusan.

Singapore-based Portek International has secured a contract from Indonesias Pelindo IV to jointly operate a container terminal at Sulawesis port of Makassar which handles close to 200,000 TEUs annually.

Major Hong Kong terminal operators Hongkong International Terminals (HIT), Modern Terminals Limited and COSCO-HIT Terminals (Hong Kong) Limited have formed a new joint venture company, OnePort, that will provide an open, secure…

PSA Corporation has made an undisclosed investment in Thailands Laem Chabang container port which will help PSA consolidate its presence in the regional market where the competition have been busy lately.