Asia – Page 64
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ADB bankrolls PNG port
Papua New Guinea''s most important port, Lae Port, is to receive a $100m loan from the Asian Development Bank to expand installations. A tidal basin will be created, as will a new multipurpose berth.
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NOL terminal spin-off
Shipping line Neptune Orient Lines is to create a separate business for its container terminal unit known as APL Terminals.
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New port to take shape
Work on new $62m Vietnam port jointly developed by forwarding company Gemadept (51%) and steel sheet manufacturer Hoa Sen Group (45%) is to start in April.
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NewsICTSI enjoys healthy income
Surging net profits for Philippines-based International Container Terminal Services Inc have cemented the port operator''s strong market position.
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Vietnam confident on 2008 port success
The head of Vietnam's Maritime Administration believes that 2008 will be a banner year for the country's ports following an injection of investment capital.
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Ten JVs in Longkou
The Chinese port of Longkou has increased throughput in the last five years from 6.2m tonnes to 25m tonnes. Ten private investment and corporative agreements have been reached with more than 10 shareholders in areas such as containers, liquid and dry bulk.
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Kaohsiung commitment
Evergreen Marine Corp (Taiwan) has extended its lease on its Container Terminal No 4 facility (Piers 115 and 116) in the Port of Kaohsiung for a further 10 years to February 2018.
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Kalmar Eastern coop
Port equipment specialist Kalmar has confirmed an order from PSA Singapore Terminals for in excess of 200 terminal tractors to be delivered this year.
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Indonesia urged to up marine investment
The Indonesian Maritime Council has advised the government that its maritime sector could contribute $150bn to the country''s annual income if it is correctly developed. However, it has advised that this can only be achieved if there is a change of focus from land to sea.
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NewsDPW boosts Indian investment
DP World anticipates investing a further $500m over the next few years in its assets in India. This will take total investment by the company in that country to $2bn.
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Vinalines invests in terminals
State-owned Vietnam National Shipping Lines (Vinalines) is to spend $300m on building a new port at Ba Ngoi in 2008. In total, it plans to develop two container ports and one multi-purpose port in the country capable of handling larger vessels.
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PIL and PSA pairing in Singapore
Pacific International Lines (PIL) and PSA Singapore Terminals have teamed up to manage and operate a dedicated container terminal for PIL in Singapore.
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NewsPSA boosts Singapore handling
Leading port operator PSA Singapore Terminals handled in excess of 27m teu in 2007, marking a 13% year-on-year increase.
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HPH awarded new Karachi contract
Karachi Port Trust (KPT) has awarded Hutchison Port Holdings a 25-year concession to establish the new Pakistan Deepwater Container Port at east Kearnari Groyne.
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New finance models for Bengali port
The Indian government has conceded that it may well have to look into alternative models to finance construction of the projected new deep-sea port on the west Bengal Coast.
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Congestion to force feeders out of Calcutta
Feeder operators are said to be considering transferring calls from Calcutta Dock System (CDS) to Haldia dock as a means of reducing port dwell times, which are being adversely affected by congestion.
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Chinese to fund Hambantota Harbour
The Chinese government has agreed to fund 85% of the $360m cost of building the new Hambantota Harbour in Sri Lanka. The loan will have to be repaid within 15 years at an interest rate of 0.9%, including a four-year grace period.
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NewsPorts must invest to meet demand, says PTP
Harun Johari, chief executive of Malaysia's Port of Tanjung Pelepas (PTP), has spoken out on the need for ports to invest in handling to meet mushrooming container trade.
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NewsJICT container expansion continues
Hutchison Port Holdings is continuing to expand its Jakarta operation to meet the demands of customers such as APL, Maersk and CMA/CGM.
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NewsChittagong ups fines on reefers
As a congestion-busting exercise, Chittagong Port authority has increased penalty rates fourfold for reefer containers remaining within the port for more than four days. The previous $9 a day charge has risen to $36.
