Asia – Page 45
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Chinese eye port opportunities in Papua
Nine Chinese companies have indicated an interest in building new ports in Papua and West Papua. Locations so far identified are Sorong, Biak and Jayapura, with the latter scheduled to become a dedicated container terminal.
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Two new ports for Indonesia
Indonesia''s Ministry of Public Housing is to shortly commence construction of two ports, at Tanjung Bulu and Tanjung Bumi, costing a combined $1.12bn. These will ease pressure on Suramadu Bridge and also at Tanjung Perak port. The latter is operating at its peak capacity of 1.3m teu and is also ...
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Massive Indian investment in ports
India has announced a combined $110bn package to develop its ports and shipbuilding industry by 2020.
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Trincomalee development to go ahead
Sri Lanka Ports Authority is to invite private sector investors to help develop the eastern port of Trincomalee, which has extensive areas of surrounding land. A request for proposals is due to be issued in March. The port already encompasses a cement plant and the flour mill.
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Essar demerging ports business
India''s Essar Shipping, Ports and Logistics Ltd is de-merging its ports and shipping businesses, creating two independent companies. However, over the next three years, it intends to invest $730m to double its cargo capacity.
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Indian ports to have freedom to set tariffs
India''s Shipping Ministry believes that major ports should be able to implement market pricing, instead of leaving this to the port regulator, the Tariff Authority of Major Ports (Tamp).
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NewsEnnore to go public
Ennore Port Ltd (EPL) has gained approval from its board for a public floatation, seeking funds of approximately $110m in return for 10% of its equity.
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Mumbai transhipment goal realistic
The prospect of Mumbai emerging as a transhipment hub in the near future has been held out by top port consultant, Sanjay Mehta, chief executive of Maia Intelligence.
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Eleven in the 10m teu club
In 2010, 11 ports registered traffic in excess of 10m teu. These were Shanghai, 29m teu (up 16%); Singapore, 28.4m teu (up 10%); Hong Kong, 23.3m teu (up 12%); Shenzhen, 22.5m teu (up 23%); Busan, 14.1m teu (up 19%); Ningbo, 13.1m teu (up 25%); Guangzhou, 1.5m teu (up 12%); Qingdao, ...
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Sinotrans to partner Nanjing port authority
Nanjing port authority has signed a contract with Sinotrans to undertake a $155m restructuring of the river port. Sinotrans will take a 45% stake in the new Nanjing Port Group; it already has a 10% stake in the new container terminal.
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NewsICTSI makes ‘best-managed’ list
International Container Terminal Services, Inc (ICTSI) was recently included in Euromoney’s Best-Managed Companies in Asia for 2011.
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Private sector key to Indian development
The Indian government believes that the private sector will handle half of the nation’s cargo by 2015.
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NewsKolkata lands in controversy
Troubles between Kolkata Port Trust (KoPT) and the state of Orissa’s local government about the port’s extension of its land are sparking threats of legal action.
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Mongla hub plan
UK-based Port Evolution Management Ltd has put forward a $794.5m plan to develop Bangladesh’s second most important port of Mongla. The scheme would involve building a container terminal, an oil terminal, a tank farm and a special economic zone. Work would be implemented over the next four years.
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Indonesia cuts port investment
Indonesia''s Ministry of Maritime Affairs and Fisheries had planned to build 40 ports in 2011, although only 12 will now go ahead. A budget of $14.3m is available and this will fund planned ports in North and South Sulawesi, East and South Kalimantan and Papua.
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Rizhao to launch private placement
A tender has been issued for the development of Beypore port, close to Kozhikode. Once completed, it will be able to handle ships of 20,000 dwt. Facilities will consist of 200m of berthing line, construction of which is estimated to cost $4.4m. The existing 4m draft is to be dredged ...
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Beypore tender issued
A tender has been issued for the development of Beypore port, close to Kozhikode. Once completed, it will be able to handle ships of 20,000 dwt. Facilities will consist of 200m of berthing line, construction of which is estimated to cost $4.4m. The existing 4m draft is to be dredged ...
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APMT eyes opportunities in Asia
APM Terminals has revealed that it is seeking either acquisition or joint venture opportunities in China, India and Vietnam.
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NewsQasim’s Terminal 2 opens
DP World’s new container terminal in Port Qasim near Karachi in Pakistan has officially opened, extending capacity at the port to 1.2m teu from around 900,000 teu.
