Asia – Page 55
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Evergreen out of Kaohsiung
A report that claims the Evergreen Shipping Group is to pull out of Kaohsiung has been strongly denied by the company.
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Shanghai and Ningbo in merger talks
The Chinese ports of Shanghai and Ningbo are reported to be in negotiations on a possible merger sometime in the near future.
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Two Tianjin terminals merge
Tianjin Port Development (TPD) has acquired 56.81% of rival Tianjin Port Holdings, which also manages the Chinese Port. TPD is to issue new shares to finance the $1.4bn transaction.
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Nine bid for Chennai
Nine bids were received to build the planned Chennai Mega-Container Terminal, which will be implemented as part of a build-operate-transfer contract lasting 30 years. The project requires investment of $730m over four years.
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Ying Kou in massive Chinese investment
The Chinese Ying Kou Port Group is to invest $439m this year on building new ports and terminals, which include dry bulk and oil handling facilities.
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NewsTo liberalise or not to liberalise?
Nazery Khalid weighs up the merits of a liberalised port tariff regime in Malaysia
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Dalian port buys Jinzhou
The Dalian Port Group has confirmed it is to buy Jinzhou Port this year. In 2008, it was revealed that Dalian Port would acquire an 18.9% holding at the cost of $278m, making it the second largest shareholder.
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More investment for Manila
Philippines terminal operator Asian Terminal Inc is to invest $14.9m on additional development at its Manila South Harbour facility. This will be spent on modern handling equipment and the addition of 1,000 square metres of operating area.
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Malaysian operators to continue investing
Malaysian ports have scheduled investment of $1.61bn over the next few years. Of that, PTP has set aside $812m, while Port Klang operators are to spend $373m.
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Gwadar to lose out to Chabahar
PSA has failed to implement its plan to have Pakistan''s Gwadar port fully operational by 2008, which has prompted a port authority official to suggest that the Iranian port of Chabahar may overtake Gwadar in becoming the hub port for the landlocked Central Asian states. For its part, PSA says ...
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Northport to slow investment?
Reports suggest that Port Klang terminal operator Northport is considering delaying the upgrade of one of its harbour areas, because of current financial worries. This decision is not necessarily supported by the port authority, which believes that operators should be investing for the longer term.
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NewsFirm financials from ICTSI
Philippines darling International Container Terminal Services Inc bucked the start of the economic downturn to produce strong 2008 year-end figures.
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NewsComing together - or pulling apart?
It is not, yet, a community - you only have to look at a list of countries that comprise East Asia - China, Japan, Taiwan and Korea - and you can see why there is difficulty in considering the region as a whole.
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NewsJapan - from under its shell
Japan has always been a difficult market to crack. Not only has the country a traditionally protectionist mentality toward its own industries - especially when it comes to any perceived Chinese encroachment - but it is only just recovering from its last grim interlude of recession.
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Taiwan - off the starting block
The tiny economy of Taiwan has hailed the unfreezing of relations with China as the economic starting pistol it was waiting for. China, while saying it is not giving up on its idea of sovereignty over the island, is allowing direct shipping for the first time in sixty years.
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NewsMaersk still wedded to PTP
The Maersk Shipping Line has revealed that it retains a "keen interest" in the Malaysian Port of Tanjung Pelepas, where it controls a 30% equity stake.
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NewsA third of shipping lines face bankruptcy
Experts in the Far East have suggested that more than one third of the current number of shipping companies may go bankrupt in 2009, because of the global economic downturn.
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New Cambodian port
A new port is to be built at the Cambodian capital city of Phnom Penh. The facility, which is due to enter service by the end of this year or early next year, will cost $25m and will be located on the lower Mekong River close to the existing port.
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Three Indian PPPs
The Indian government has given its approval for three port projects involving public-private partnership deals costing $409m. These encompass container terminals at Ennore ($282m) and Tuticorin ($62m), as well as a coal terminal in Goa ($67m).
