Asia – Page 49
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ICTSI’s Asian boost
International Container Terminal Services (ICTSI) has reported promising initial half-year results boosted by Asian demand. Consolidated volume reached 2m teu in the first half of 2010, 26% higher than the same period in 2009.
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NewsEssar to divide
Essar Shipping Ports & Logistics Ltd (ESPLL) is to split itself into two businesses under the ESPLL parent: Essar Ports and separately Essar Shipping.
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NewsKarnataka iron ore ban slows ports
The Indian region of Karnataka’s ban on iron ore exports hit port movements in August.
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NewsIndian infrastructure talks take in concerns
Discussions on infrastructure were the focus of a meeting between APMT and the Indian government officials as this issue in particular continues to be an area of concern for shippers and port operators alike.
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New berths at Busan
Busan New Port recently inaugurated 11 new berths divided between three new container terminals operated by Pusan New Port Company, Hanjin Shipping and Hyundai. When the full development is completed in 2015, the port will have 30 berths.
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NewsFears of knock-on congestion from Dalian closure
China''s Dalian port has reopened to traffic following a oil pipeline explosion earlier this week, but operations at Dalian Port Group crude oil terminal remain suspended pending a full investigation into the cause of the incident.
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NewsMajor Yangtze crackdown on overloaded vessels
Chinese river ports from Sichuan province to Shanghai have been involved in the largest action yet against overloaded vessels in the region.
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Vallarpadam to be rate competitive
Cochin Port Trust has decided to pitch vessel-related charges at the new Vallarpadam container transhipment terminal at a level that will make facility competitive with other transhipment hubs in the region.
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Singapore maintains discounts
Containerships calling at the Port of Singapore will now be able to take advantage of the 20% reduction in port dues until 30 June 2012 following a decision to extend the concession by a further two years. Container vessels represent 14% of the total number of calls at Singapore ports.
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New terminals for Colombo
The port of Colombo in Sri Lanka is to build three new terminals, spending $334m on redeveloping the port, with finance sourced from the Asian Development Bank and Sri Lanka Ports Authority.
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Ningbo IPO
Ningbo Port Company is to raise $1.9bn via an initial public offering on the Shanghai stock exchange. Analysts, however, believe that interest in transport stocks is on the decline, especially given uncertainty over recovery from the global recession.
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Tariff war killing haulage firms in Indonesia
The current tariff war at the Indonesian Tanjung Priok Port is threatening to put several more road haulage companies out of business.
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NewsEnnore boxes won by Euro-Indian bid
This week saw the concession for the first container terminal in Ennore, Chennai’s new challenger, finally being settled. The tender has caused interest primarily because of the growing strategic importance of the automotive sector on India’s east coast.
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NewsIndia’s antimonopoly policy “a disadvantage”
A controversial Indian antimonopoly port policy that is being formulated to encourage more players to invest in the sector may actually be regressive according to some industry sources.
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India to upgrade Cuddalore
The Tamil Nadu minor port of Cuddalore, which is currently under-utilised, is to be developed as part of a private-public partnership scheme. The facility, which is some 200 kilometres south of Chennai, will be offered as a 30-year concession.
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NewsVietnam’s ports set the pace for development
A significant increase in both box volumes and port projects has been the result of Vietnam''s rise as a manufacturing centre but landside developments need to keep pace, Cai Mep International Terminal (CMIT) commercial officer Malcolm Gregory tells Port Strategy.
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TPD bullish over 2010
Tianjin Port Development claims it will make a profit this year, despite racking up a $6.1m net loss in 2009. This compares with a net profit of $16.8m the previous year.
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New Indonesian port
Indonesian state port operator Pelindo II is to build a 10m teu capacity hub port at Karawang, West Java. The development will take place over the next five to ten years at a cost of $667m.
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Trade liberalisation to boost region's port business
The 10 member countries of the Association of the Southeast Asian Nations (Asean) have been taking rapid steps to build up trade between members and with other parts of Asia.
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NewsOn the rebound
A comparatively quick recovery in South East Asia’s leading container ports has put shelved investment plans back on track. Michael King reports
