Asia – Page 39
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News
Tender issued for Kalibaru box terminal
Indonesian state port operator Pelindo II has issued a $1.9bn tender for the construction of a container terminal at Kalibaru, which is needed to ease congestion at an existing facility in the port of Tanjung Priok.
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Kerala seeks development partner for Azhikkal
The Indian state of Kerala has invited new bids for the development of the existing minor port of Azhikkal.
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APM Terminals sees potential in India
APM Terminals’ chief executive, Kim Feijer, says that, despite having the world''s third-largest economy, India remains under represented in terms of global trade.
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Wait and see at Maldives Port
Port officials in Male are taking a wait and see approach to development plans post a recent coup in the Indian Ocean''s Maldives.
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Kalibaru construction cost soars
The initial cost of building a new port at North Kalibaru in Indonesia has soared by 55% from $1.1bn to $1.9bn.
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Vallarpadam void of transhipment boxes
A year after it was inaugurated, Vallarpadam container terminal in the Indian port of Kochi handles virtually no transhipment traffic.
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NewsDon’t invest in Sihanoukville, investors told
Potential investors in Sihanoukville port, due to list on Cambodia’s bourse, have been warned off the idea by no less a figure than a former Cambodian Finance minister. Investors face risks because of weak financial and legal systems, Sam Rainsy said.
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NewsOre transhipment pushed by China
An announcement by China’s Ministry of Transport means that port operators will no longer be allowed to decide whether to allow VLOCs into their facility.
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SAAM in first quarter flotation
Compañía Sud Americana de Vapores port subsidiary, SAAM, is eyeing an initial public offering during the first quarter of this year.
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NewsShenzhen dented by industry shift
The industrial shift to central China from Guangdong province and other coastal locations is impacting on Shenzhen’s status as a major international port and threatening throughput volumes.
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Five new Indian port projects at best this fiscal
Of 23 public-private partnership port projects scheduled by major Indian ports in the current fiscal year, only four or five are expected to be awarded.
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NewsMyanmar port goes ahead - but no coal
Uncertainty is hanging over a key detail of the Dawei port and industrial zone in southern Myanmar following a decision by the government to veto a coal-fired power plant.
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PSA celebrates rise in throughput
PSA International handled 57.1m teu at its global facilities in 2011, an increase of 5.6% over 2010.
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ICTSI to issue additional bonds
The Royal Capital BV unit of the Philippines-based stevedoring group ICTSI is to issue bonds worth $150m.
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NewsNew Chinese joint terminal venture
Odfjell SE has announced a joint venture with Tianjin Economic-Technology Development Area (TEDA) to develop a new terminal and marine facility at Nangang Industrial Zone in Tianjin, China.
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NewsITF global action week hits ports
The new year’s first week of industrial action backed by the International Transport Workers’ Federation (ITF) has kicked off with a focus on port activities.
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Vizhinjam tender promised by March
A tender is to be issued by March in respect of global engineering, procurement and construction of the $148m Vizhinjam port in the Indian state of Kerala.
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Chennai rejects Mundra box terminal bid
Chennai Port Trust has rejected the $698m bid by Mundra Port and Economic Zone to develop a new container terminal at the port of Chennai, claiming that the 5% revenue share being offered is too low.
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Indian terminal operators seek to revamp TAMP
Delhi High Court has received a petition from the Indian Private Ports and Terminals Association, challenging the right of the Tariff Authority for Major Ports to determine tariffs at private cargo terminals situated in state-owned ports.
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SLPA to issue bonds
Sri Lanka Ports Authority is to issue $500m in bonds, with the revenue used to pay off Japanese loans, which are proving unaffordable given the appreciation of the yen.
