Asia

Indias Ministry of Shipping has given the go-ahead for the construction of the Vizhinjam Deepwater Container Transhipment Terminal, which will be located 16 kilometres from Thiruvanthapuram.

There is rising disquiet in Vietnam that international stevedoring groups are holding too much power at national ports, something which could eventually work against the interest of local traders.

Gujarat Pipavav Port Ltd (GPPL) has filed its draft prospectus with the Securities and Exchange Board of India for an initial public offering of 5bn Rupees ($100.2m). The shares will be listed…

Pro-democracy demonstrations in Thailand have begun to impact negatively on the nations ports. Bangkok has in recent months already suffered a complete one-day shutdown due to agitation from anti-government protesters, prompting prompted…

Maersk has slashed the number of containers it handles at Kaohsiung by 20%, less than the rumoured 50% reduction. The company will no longer call at berths 118 or 119, instead transferring…

China Shipping Container Lines is to assume control of China Shipping Terminal Developer from its parent company, the China Shipping (Group), for $380m. This company manages ports both within China and overseas.

State Development and Investment Corporation subsidiary SDIC Communications plans to sell the 12.32% stake it holds in Nantong Port Group Company. The other two shareholders in the company have first refusal in…

The 3i Group is apparently considering investing up to $219m for a 26% stake in a southern Indian port operator, believed to be Krishnapatnam Port Company, which is developing a deepwater port…

Belgium-based Vigan Engineering is to be the major supplier for the new Fauji Abkar Portia Marine Terminals project, a joint programme between the Fauji Foundation and the Akbar Group.

The Chinese city of Shenzhen has received backing from the National Development and Reform Commission to build six new ports. These will include facilities at Liantang, Longhua and Dachan Gulf Harbour, and…