Asia

The city of Wuhan is to invest $731m on the creation of a mega-terminal port complex, whose go-ahead has been approved by the state government.

The Chinese ports of Shanghai and Ningbo are reported to be in negotiations on a possible merger sometime in the near future.

Tianjin Port Development (TPD) has acquired 56.81% of rival Tianjin Port Holdings, which also manages the Chinese Port. TPD is to issue new shares to finance the $1.4bn transaction.

Nine bids were received to build the planned Chennai Mega-Container Terminal, which will be implemented as part of a build-operate-transfer contract lasting 30 years. The project requires investment of $730m over four…

The Chinese Ying Kou Port Group is to invest $439m this year on building new ports and terminals, which include dry bulk and oil handling facilities.

Philippines terminal operator Asian Terminal Inc is to invest $14.9m on additional development at its Manila South Harbour facility. This will be spent on modern handling equipment and the addition of 1,000…

Malaysian ports have scheduled investment of $1.61bn over the next few years. Of that, PTP has set aside $812m, while Port Klang operators are to spend $373m.

Reports suggest that Port Klang terminal operator Northport is considering delaying the upgrade of one of its harbour areas, because of current financial worries. This decision is not necessarily supported by the…