Asia – Page 16
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Major port operator battles “headwinds”
The outgoing group chairman of PSA International has described 2018 as “beset by … headwinds” in a year which saw annual net profit down 2.3%.
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Port Klang welcomes foreign investment
Expansion of Port Klang in Malaysia using foreign and Chinese money is being encouraged, Malaysian Transport Minister Anthony Loke has said.
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Competition body moves to crush DPW challenge
The Competition Commission of India (CCI) has said in a court filing that a DP World challenge to a probe into its alleged anti-competitive practices at India’s Jawaharlal Nehru Port (JNP) constitutes an attempt to stop or push back potential adverse findings against the operator.
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End in sight for Singapore waters dispute
Malaysia and Singapore aim to end a territorial dispute over the extension of the Johor Bahru Port limits with an agreement to mutually suspend overlapping port limits and for vessels of both countries to operate in accordance with international law.
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Singapore's Tuas powers on despite dispute
The territorial dispute between Malaysia and Singapore will not affect the viability of the Tuas Terminal, Singapore’s acting minister for transport Vivian Balakrishnan has said.
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Cambodia joins EDI revolution
The approval of a grant package extension from Japan will allow Cambodia’s ports to install Electronic Data Interchange (EDI) in its ports.
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Breaking China’s grip on Asian growth
India and Sri Lanka need to be able to stand on their own two feet to really win the regional cargo war, writes Stevie Knight
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Chinese port reveals 5G ambitions
Ericsson and mobile service provider China Unicom are developing a 5G smart harbour at the Port of Qingdao in China with the aim of exploring commercial 5G networks and solutions and saving labour costs.
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Australian coal imports ban denied
A reported ban on Australian coal imports into China’s Port of Dalian has been denied by Australia’s Treasurer, Josh Frydenberg.
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New partnership to develop Yangshan Port
Zhejiang Seaport Group has signed a strategic agreement with Shanghai International Port Group (SIPG) to jointly develop the Yangshan Port area.
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Asian Terminal Inc. targets expansion
Philippines port operator Asian Terminals Inc. (ATI) is considering developing more facilities alongside its international gateway ports in Manila and Batangas.
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DP World attacks “predatory” Chinese firms
Chinese companies are engaging in “predatory” behaviour by seizing assets of countries that default on loan agreements, the chairman of DP World has said.
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China Merchants eyes three-port growth plan
China Merchants Group has issued RMB10bn ($1.47bn) worth of bonds to fund the development of the ports under Liaoning Port Group in China.
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Terminal operators under fire at Indian port
The Competition Commission of India (CCI) has ordered Maersk and DP World to withdraw customer advisories which it says could hamper growth at Jawaharlal Nehru Port Trust.
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Major operator celebrates surging volumes
PSA International boosted volumes by 9.1% year-on-year in 2018 on the back of “slow but steady” growth in global container trade volumes.
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Unsolicited Davao Sasa bid gains traction
Chelsea Logistics Holdings Corp. is getting closer to gaining the approval of the Philippine Ports Authority (PPA) for its plan to modernise the Davao Sasa Port in the Philippines.
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Singapore welcomes Japan relationship
PSA Singapore has linked up with Japan’s Ocean Network Express (ONE) to form a joint venture at the port’s Pasir Panjang Terminal.
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New terminal to aid China trade flows
This week saw the inauguration of a 35-year Abu Dhabi Ports–COSCO SHIPPING Ports concession deal that will let China COSCO SHIPPING Corporation (COSCO) develop and run a new Khalifa Port container terminal to support trade flows anticipated from China’s Belt and Road Initiative.
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Malaysia rubbishes Singapore port claims
The Malaysian transport minister has reiterated his government’s position over claims that Malaysia is encroaching into Singapore waters with its Johor Port expansion.
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Asian port moves closer to smart status
Singapore’s Jurong Port has signed a Memorandum of Understanding (MoU) with one of the country’s three major telecommunications companies for the provision of a terminal-wide wireless private network.