Asia

Vietnams Tan Tao (ITA) group has issued a tender for the construction of a power plant and sea port complex in Kien Giang province, some 300 kilometres from Ho Chi Minh City.

Tianjin port in northern China handled 354m tonnes in 2008, compared with 300m tonnes in 2007. Container traffic, at 8.5m teu, was up 19.7%

Plans to move cargo terminals away from the Saigon River outside Ho Chi Minh City are unlikely to be fulfilled before 2010, because of a lack of investment capital.

Shanghai Port handled around 28.5m teu last year, although had been forecast to reach 30m teu. This compares with 26.2m teu in 2007.

Shanghais Yingkou Port Liability company is to issue $175m in corporate bonds with a maturity of 10 years, although this will depend on market conditions. The money will not be used to…

China Merchants Holdings (International) is to cut back plans to develop terminals and also possibly adjust capital expenditure as the economic downturn begins to impact in China.