Asia – Page 65
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NewsColombo South contract still on hold
The government of Sri Lanka continues to drag its heels on development of a container terminal at Colombo South port.
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NewsBusan to kickstart bond issue
Busan Port Authority (BPA) is to issue bonds to the value of SKWon294bn ($311.9m) to help finance its New Port and North Port developments.
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Spaniards invest in India
A consortium consisting of Gammon India, Gammon Infrastructure and Dragados-SPL of Spain has been awarded a 30-year concession to develop an offshore container terminal at the Port of Mumbai.
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HPH commits to $150m Jakarta expansion
Jakarta International Container Terminal is investing $150m in a bid to expand capacity to over 3m teu.
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Transas nets Cochin VTS order
Port equipment specialist Transas is to supply, install and commission a Vessel Traffic Management System (VTS) at Cochin Port.
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NewsChina powers past 100m teu mark
In 2007, Chinese ports breached the 100m teu mark at the end of November, with a special ceremony held at the port of Tianjin.
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NewsMacquarie invests in Busan
Macquarie Korea Infrastructure Fund (MKIF) is to invest $277m in Busan New Port Container Terminal - the concession company with the right to develop, operate and maintain the Busan New Port Phase 2-3 in Korea.
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Malaysia relaxes crane import restrictions
Malaysia is to relax laws allowing local operators to import cranes from abroad.
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Vietnam seeks maritime investment
Vietnam is seeking investment from both domestic and foreign sources to expand and develop the country's ports sector, expected to handle 200m tonnes of cargo in 2010 and 400m tonnes in 2020.
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CMA CGM in Xiamen investment
CMA CGM, in partnership with Xiamen municipality and Hong Kong-based New World Services, is to undertake a joint-venture construction of a new container terminal at Haicang, in the port of Xiamen. This is due to enter service in 2009.
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Chinese up capacity at Yangtze river port
China''s largest steel maker, Baosteel, is to double the capacity of Majishan port, located at the estuary of the Yangtze River. The expansion will encompass new berths capable of accommodating vessels up to 300,000 dwt, boosting capacity from 26m tonnes to 50m tonnes/year.
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Maersk to build ICD near Chittagong
Maersk has put forward plans to build an inland container depot near the port of Chittagong as a means of reducing congestion at the seaport. The facility, which will cover 100,000 sq m, will cost $20m to build.
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Kerala to build five ports
The Indian state government of Kerala is to develop five more ports in addition to the proposed Vizinjam container transhipment terminal. A consultant for the process is currently being sought.
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India collaborates with Myanmar
India is collaborating with partners in Myanmar to build the new gas handling port of Kaladan close to the city of Sittwe. India will supply investment of $103m.
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China Cosco to continue investment
Chinese shipping line Cosco, the world''s largest dry bulk shipper, has confirmed its commitment to investment in ports and terminals in both China and overseas. Terminals in Hong Kong, Singapore, Egypt and Belgium are already earmarked for investment.
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Cochin to upgrade quay infrastructure
Cochin port is to upgrade much of its existing quayside infrastructure to make cargo handling operations easier for dry bulk cargo.
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NewsHPH beats off competion for Pakistan concession
Hutchison Port Holdings (HPH) has emerged as the winner for a concession in the first phase of the Pakistan Deep Water Container Port.
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Four bid for Colombo
Four bids have been lodged for the 35-year concession to operate the new container terminal in the port of Colombo, which will have a proposed handling capacity of 2.4m teu.
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Busan and Trieste tie-up
Busan Port Authority has signed an agreement with Trieste Port Authority to "facilitate mutual development by strengthening exchanges and cooperation".
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NewsScarcity of traffic at Busan new port
Busan new port, which will be completed by 2015 at a cost of $9.2bn, is currently struggling to attract sufficient traffic to make a return on investment. The facility, which will eventually have 30 berths, is supposed to establish South Korea as a logistics centre in Asia.
