Asia – Page 42
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ICTSI withdraws Portek offer
Global terminal operator ICTSI is to withdraw its offer to acquire Portek International.
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India prioritises port projects
India''s Shipping Ministry has earmarked $3.8bn for 24 port upgrade projects this year, compared with the $903m spent on 12 projects last year.
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NewsUpdate: Typhoon stops berthing at Ningbo
A very large typhoon, Typhoon Muifa, has continued to gain strength and is likely to make landfall near Qingdao.
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CMA CGM unsure on Batu Ampar port
CMA CGM is considering whether to go ahead with its $470m transhipment port in Batu Ampar in Batam, Indonesia.
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Indonesia prepares for single market
The government of Indonesia plans to upgrade 14 ports to allow them to handle international traffic in time for the creation of the single ASEAN market in 2015.
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Binh Dinh plans new port
The Vietnamese province of Binh Dinh is to expand existing ports and build a new one by 2020.
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East Java’s four port plan
East Java is to build four new ports by 2013 at Lamongan, Gresik, Probolinggo and Banyuwangi.
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Myanmar ignores environmental concerns
A new port complex is being built at the town of Dawei in Myanmar under a 10-year project costing $8bn being developed by Thai interests.
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Indonesia postpones bond issue
Indonesian state-owned port operator Pelindo II has postponed a projected bond issue worth between $117m and $234m, citing a lack of major funding needs at the present time.
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PSA reveals Teh replacement
PSA is understood to have appointed a new group chief executive to follow in the footsteps of Eddie Teh, who is due to retire at the end of August.
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NewsIndia sets sights on global port domination
India is to set up a state-owned company capitalised at $557m specifically to invest in overseas port and terminal projects. The company will mirror PSA and DP World in scope and be known as Indian Ports’ Global.
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Karaikal heads for second round funding
Karaikal Port Pvt Ltd is to undertake a second round of private equity funding to raise $50m, with Ascent Capital Advisors India already undertaking due diligence.
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Adani challenges JNPT bid ban
Adani Enterprises, which has been forbidden to bid for the fourth container terminal at JNPT, has sought to overturn the ruling in the courts.
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Indian ports to issue bonds
Cochin, Kolkata, Ennore and JNPT are seeking permission from the government to raise funds using tax-free bonds.
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DP World court stay protects Chennai tariffs
DP World has won a temporary stay against a proposal by India’s port regulator, Tariff Authority for Major Ports to reduce tariffs at Chennai Container Terminal, a DP World-managed facility.
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Mitsui leading bidder for Portek
Mitsui has presented an offer to acquire the capital of Portek International, which operates eight terminals in Indonesia, Algeria, Malta and Gabon, as well as a dry port in Ruanda.
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Trace radiation on Japanese containers
Levels of radiation surpassing European Union limits have been found on a maritime container from the Japanese port of Yokohama by authorities at the Belgian port of Zeebrugge. Dutch authorities also found traces of radiation on 19 containers from Japan.
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NewsNot all fast forward for China, despite ambitions
While the Chinese government outlined ambitious port developments under their 12th five-year plan, there are major challenges according to Ander Chow of consulting firm ARUP.
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Yangtze gets deeper approach
The dredging work on the approach channel of Shanghai’s Waigaoqiao terminal has recently been completed, increasing the water level to 12.5 metres, according to China Transport News.
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NewsFrom zero to hero – but short in the leg
Cai Mep is riding the crest of Vietnam’s economic wave – having grown to hub status from a feeder port in two short years, but it is already having to make the most of its efficiency.
