Asia – Page 43
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Investors hungry for Magampura
Some 13 investors have submitted project proposals for new ventures at the port of Magampura in Sri Lanka. These are expected to generate revenue of $1bn and include cement grinding, warehousing, sugar refinery, petrochemicals, fertilisers and others.
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Cosco takes fresh look at port investment
The chief executive of Cosco has revealed that the company may well resume its investment in ports.
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Vizag no longer India's number one
Visakhapatam Port, India''s leading port for many years, is now firmly anchored in second place behind Kandla, and is predicted to slip further down the league table with the threat of Gangavram hanging over it.
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NMPT abandons PPP
New Mangalore Port Trust has abandoned plans for a public-private partnership development of its proposed container terminal.
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Cost overrun hits Tanjung Priok
The bill for the first stage of Tanjung Priok’s North Terminal development has spiralled by 26% from the original forecast, up from $1.02bn to $1.29bn. The hike in prices has been blamed on the change in location for the container terminal, an increase in infrastructure costs for construction of a ...
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NewsEssar Ports shares go to market
Essar Ports stock has, following its demerger from Essar Shipping Ports & Logistics, realised a market capitalisation of around Rs 5,000 crore (USD$1,106m) from its entry onto the National and Bombay Stock Exchanges (BSE and NSE).
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NewsVietnam hub development stalls
It seems that the Van Phong project may have been the victim of the region''s success. The latest news is that work has been suspended for a year, with only a fraction of the necessary piling in place.
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NewsBest bets for investment
Investment in ports located in South East Asia’s fastest growing economies will accelerate in the coming years, according to leading analysts and operators.
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NewsMaersk CFS blaze kills two
A fire that broke out at the container yard Maersk CFS Annex in Ennore, India last week killed two people and injured nine.
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The perennial intra-Asian trade puzzle
The rate of growth of the intra-Asia container trades in recent years has been subject to much debate.
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NewsBoxed in by trade growth
Booming intra-Asia box movements have increased the clamour for more port investment in South East Asia. Michael King investigates
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New box terminal call for JNPT
The Confederation of Indian Industry (CII) has called for the development of a new 200,000 teu container terminal at JNPT to ease congestion. It would also like to see new warehousing zones, the creation of integrated logistics parks and simplified customs procedures to ensure the smooth transit of containers.
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NewsWuhan's Yangsi terminal to be vacated
According to the Wuhan Port Group, all the facilities at the city’s Yangsi container terminal will start to be transferred to the Yangluo terminal from 18 May – but the move is not without controversy.
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NewsThe sky's the limit
Halfway through building Busan New Port - with some 18 of the planned 30 berths already working - Busan Port Authority is moving swiftly toward its goal of redefining the port.
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DP World's Vietnamese venture needs dredging help
A senior DP World manager has met civil authorities in Ho Chi Minh City to lobby for dredging work on the Soai Rap River to be speeded up as a means of facilitating its port terminal project. Development at Saigon Premier Container Terminal is now behind schedule and large containerships ...
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NewsTaking centre stage
Michael Mackey discusses Korea''s drive to become North East Asia''s hub port of choice
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Port legal ruling call in Indonesia
Jakarta''s National Maritime Institute is to file a judicial review request at the Constitution Court, citing a conflict-of-interest between the interests of the Port Authority Board (BOP) and state run ports. This involves differing interpretations over various articles that regulate BOP, which may or may not allow it to interfere ...
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Paradip announces expansion plans
Paradip Port Trust has outlined a plan to boost capacity more than three times to 237m tonnes by 2020.
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Tales from the riverbank
A trade delegation from Bangladesh has been making the rounds recently, drumming up international interest in the country’s ambitious programme to provide an efficient transportation network.
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NewsICTSI takes on two more terminals
International Container Terminal Services Inc (ICTSI) has won two management contracts, one for an Indian terminal and the other in Subic Bay, both taking advantage of the roaring Asian economies.
