Davao port development still under discussion
Development of a port in Davao City in the Philippines has been discussed in light of Chinese Foreign Minister Wang Yi’s visit to the city in late October.
Voice of America reported that China is exploring ways to build new infrastructure in the city as a link in its Belt and Road Initiative for expanding Chinese trade in Southeast Asia and the South Pacific.
The radio network reported that Mr Wang said that Sino-Philippine economic co-operation can “expand to new areas, including projects of the Belt and Road Initiative”.
“A rehab of Davao’s deepwater but otherwise small, ramshackle port would increase business for the 1.6m-person city that anchors a resource-rich but largely impoverished southern island,” Voice of America claimed.
“Chinese shippers could use Davao as an import-export base and call there along the way to countries further south.”
According to Christian de Guzman, vice president and senior credit officer with Moody’s in Singapore, Davao port development could be connected to the city’s island of Mindanao previously being a recipient of Chinese investments related to the extraction of mineral resources (basically mining).
Meanwhile, Jay Batongbacal, an international maritime affairs professor at the University of the Philippines, suggested that imports as exports could be sent through Davao.
“Although it’s a major port compared to Manila, it’s less busy,” he said.
Stuart Orr, Business and Law professor at Deakin University in Australia, said: “The southern port development plan in Davao is interesting because it’s part of the Philippine plans to encourage more Chinese investment, but it comes at a time when the Philippines is quite uncomfortable with the military activities and build-up in the Spratly Islands immediately off [the coast].”
LATEST PRESS RELEASES
MAN 175D Selected for First IMO Tier IIICompliant Harbour Tug Designed for Operation in Mediterranean
2 x IMO Tier III-compliant 12V175D MM engines to power harbour pusher tug Read more
This 3D smart camera from ifm electronic designed for mobile applications is the first 3D sensor sys... Read more
In 2018 the Hutchison Icave Port in Veracruz, Mexico was expanded by a new container terminal. Shiba... Read more
The “Dashboard” module allows you to create one or more dashboards. Read more
Coda Octopus is pleased to announce the release of Version 8.5 of CodaOctopus® Underwater Survey Exp... Read more