Asia – Page 44
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NewsPlumbing the depths
Depth is on the mind of Pakistan’s Port Qasim: dredging work has been the subject of dark mutterings and the authority has only recently signed its 2010/11 contract – with an expected loss of $70m from the delay.
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NewsFire in the belly
India’s interior is forcing large scale port growth on both coasts. Stevie Knight reports
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NewsIndia "haphazard" terminal growth criticised
The Expert Appraisal Committee of India''s Ministry of Environment and Forests has issued a warning against the "haphazard and piecemeal" growth of container terminals.
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NewsYangtze volumes up, but challenges ahead
Cargo throughput on the Yangtze River is set to increase sharply over the next few years, but according to Maersk there are still challenges that need resolving.
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Qingdao pulls in foreign investment
Foreign investors, including APM Terminals, are expected to invest $4.6bn in the expansion of the Chinese port of Qingdao. The various projects that are due to be implemented by 2015 will boost container volume to 20m teu and double bulk cargo capacity to 600m tonnes.
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Japan funds Vietnam port development
Japan''s overseas aid agency, JICA, is to team up with Japanese companies to build a Y140bn ($1.7bn) port in northern Vietnam, the Financial Times has reported.
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Beypore tender deserted
There were no bidders for a global tender to develop the Indian port of Beypore, despite the initial deadline having been extended at the request of two potentially interested parties. The port requires $36m, which it intends to raise through a public-private partnership scheme.
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NewsMundra SEZ wins east-coast coal project
Mundra Port and Special Economic Zone (MPSEZ) has won a contract to develop a coal import terminal at Visakhapatnam.
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DP World second West Bengal project
DP World has been linked with a new container port development at Kulpi in West Bengal, with negotiations said to be at an advanced state. The project, claims DP World, would be viable given an ongoing shortage of capacity in India.
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NewsSouth American spurt for ICTSI
International Container Terminal Services, Inc (ICTSI) reported 2010 results of $527.1M from its port operations, an increase of 25% over last year.
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Chinese Muuga wobbles
Erik Laidvee, the chairman of Muuga box terminal operator Transiidikeskus AS, has claimed that it is now unlikely that the Chinese port of Ningbo will cooperate with the port of Tallinn on its Muuga joint-venture terminal project. At present, just Transiidikeskus and the Russian firm Rail Grant are bidding for ...
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Sihanoukville to list
SBI Phnom Penh Securities Co, Ltd. has been appointed by the Ministry of Economy and Finance of Cambodia to lead manage an initial public offering of Cambodia''s state-owned Sihanoukville Autonomous Port ("PAS"), the company said in a press release.
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NewsVallarpadam gets underway
The container hub at Vallarpadam, inaugurated by Prime Minister Manmohan Singh in February, is being heralded as a money-saver for India’s businesses.
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Lach Huyen financing problem
Lach Huyen, Vietnam’s new super-port in the north of the country, has run into problems on the back of a change in investor, sources have reported.
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Central tariff control to go in India
India''s Shipping Ministry is considering doing away with fixing tariffs for major ports, passing responsibility for this to the ports themselves. Instead, a new regulator for the sector will be appointed who will be responsible for setting, monitoring and regulating service levels as well as technical and performance standards.
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NewsDP World's ICTT suffers teething problems
DP World''s recently commissioned International Container Transshipment Terminal at the Indian port of Vallarpadam is said to be suffering serious teething problems.
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NewsWidespread damage curtails Japan's ports
Japan''s recent devastating earthquake has caused serious damage to the ports of Hachinohe, Hitachi, Hitachinaka, Ishinomaki, Kamaishi, Kashima, Ofunato, Onahama, Sendai-Shiogama and Soma, according to reports.
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NewsFuel alternatives will depend on terminals
Japan has appealed for calm, but acknowledges there is “cause for concern”. The government is at the moment fighting not one, but three related disasters, the last being the nuclear power plant issue.
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NewsHPH Singapore listing makes waves
Oversubscribed and reportedly closing a day ahead of schedule, Hutchison Port Holdings Trust’s $5.8bn initial public offering has proved renewed investor interest in the ports sector.
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NewsPulling the green strands together
One problem bubbling up throughout the industry but not yet formally on the East Asia agenda is its ''greening''.
