Asia – Page 83
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Foreigners still wary of Chinese port investment
According to Xu Qiang of the Ningbo Reform and Development Commission, the leading investors in local port construction in China continue to be state-owned enterprises.
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COSCO's ambitious plans
Wei Jaifu, Chairman of COSCO Pacific Ltd, has highlighted the group''s ambitious expansion plans in China''s container handling sector which will see it raise annual handling capacity from 10.8mTEU to 36.5mTEU over the short-term.
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BIGGER AND BIGGER BOXSHIPS
In the port of Tianjin, serving the capital city of Beijing, COSCO Pacific, Tianjin Port and AP Moller will set up a container terminal by 2007 that will handle 2.1mTEU/year.The first 10,000TEU capacity containerships were ordered by COSCO in January this year and now China Shipping Container Line (CSCL) has ...
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NewsGwadar inauguration cancelled
The decision by Pakistani and Chinese authorities to cancel the programme for the formal inauguration of Gwadar port by Chinese Prime Minister Wen Jiabao during his recent visit to Pakistan gives an indication of the further deterioration in the situation in Balochistan. The first stage in the construction of the ...
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NewsMumbai terminal gains momentum
12 companies have sought pre-qualification to build the $205m offshore container terminal at Mumbai. Among the international bidders are P& O Ports, Mitsui OSK, Dubai Port Authority, Evergreen Marine, Maersk and Hutchison Port Holdings, while L& T, United Liner Agency, Adani Ports, Gammon India and ABG Heavy Industries represent local ...
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UP THE YANGTSE
Port and infrastructure development is hotting up along China''s Yangtse River as James Macpherson reports.
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NewsPort Klang to create super terminal?
Two of the largest container terminal operators at Malaysia''s Port Klang, Northport and Westport, are planning to merge to create a regional super-hub capable of handling 5mTEUs a year. Of the two, Northport is the larger with an annual capacity of 4mTEUs. However, before changes can be made, they will ...
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TUTICORIN TO UPGRADE INFRASTRUCTURE
Tuticorin Port Trust has allocated US$22m towards improving infrastructure facilities at the port in 2005-06. This will fund construction of a new berth with alongside draught of 10.7 metres, and also road works costing US$3.8 9m.
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Jurong oil terminal contracts awarded
Dubai-headquartered Horizon Terminals Limited (HTL), established by Emirates National Oil Company (ENOC), has awarded construction contracts for a US$200 million bulk liquids terminal to be built on 39ha of land at Banyan, Jurong Island in Singapore.
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SIP PLANS HONG KONG FLOAT
Shanghai International Port (SIP), now the world''s third busiest, is planning to raise US$800m on the Hong Kong stock exchange as a means of funding its expansion programme.
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INDIAN GOVERNMENT INTRODUCES CONCESSION RESTRICTIONS
The contract for consultancy was awarded to Singapore's Jurong Consultants and made on behalf of Horizon Singapore Terminals Pte Limited (HSTL).India's Shipping Ministry has made changes to its policy regarding private ownership of the country's container terminals. Whereas previously it had stated that one operator would be restricted to two ...
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China increases container league table domination
With Hong Kong sitting atop the 2004 league table and neighbouring Shenzhen, comprising the three terminal complexes of Chiwan, Shekou and Yiantian, now ranking fourth, the massive factory outlet that is southern China accounts for a cool 35.5mTEUs annually according to the latest figures from Containerisation International.
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MONGLA THREATENED BY MAFIAS
The contract for consultancy was awarded to Singapore's Jurong Consultants and made on behalf of Horizon Singapore Terminals Pte Limited (HSTL).Exporters using the Bangladeshi port of Mongla have asked the government to take immediate action against the 11 Mafia groups which it claims are preventing smooth operation of the port, ...
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Chittagong opens one-stop shop
The contract for consultancy was awarded to Singapore's Jurong Consultants and made on behalf of Horizon Singapore Terminals Pte Limited (HSTL).A one-stop shop service centre has been opened at Chittagong to improve the delivery of imported consignments. This, it is claimed, will allow importers to clear consignments within 1.5 hours ...
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PSA completes purchase of Hong Kong assets
PSA International has completed the purchase of NWS Holdings Limited''s Hong Kong port assets. The deal represents PSA''s first investment in the world''s largest container port and involves the transfer of NWS Holdings'' equity stakes in Hong Kong''s Container Terminal No. 3 (CT3) and Container Terminal No. 8 (CT8) West ...
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NewsGETTING WORSE BEFORE IT GETS BETTER
China''s bulk and break-bulk handling facilities differ significantly from its container facilities in one crucial respect: with the country''s entrance to the WTO, its container terminals - both planned and existing - were deemed not to be of strategic national importance, thus paving the way for the introduction of foreign ...
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MONGLA RULED BY "MAFIA"
Bangladesh''s parliamentary standing committee overseeing activities at the Shipping Ministry noted in a recent report that the port of Mongla is effectively Mafia controlled. The Shipping Ministry is therefore unable to introduce measures to improve port operations.
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JAPANESE TO CUT PORT FEES
First phase investment will require US$100m to develop roads, a 600 metre long quay, a reservoir, a bonded warehouse and upgraded power supply, allowing the facility to open by 2007.The Japanese government has finally relented and announced plans to cut fees at domestic container ports by up to 40%. The ...
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ALL CLEAR FOR DPI AT KOCHI
The Cabinet Committee on Economic Affairs has approved a revised proposal for the establishment of an international container transhipment terminal at the Indian port of Kochi.
