Asia – Page 89
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PTP concedes regional competition will grow
Malaysian transhipment hub PTP expects to face growing competition from new ports in both Thailand and Indonesia in the near future, concedes ceo Mohd Sidik Shaik Osman, adding that developing infrastructure at Chinese ports would inevitably lead to more direct calls, lessening the need for transhipment.
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India to invest $25 billion
Indian prime minister Atal Bihari Vajpayee revealed that $25 billion is to be invested in domestic ports as part of a series of upgrading and construction projects, with investment sought from European companies.
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XICT buys new cranes
Xiamen International Container Terminals (XICT) has purchased two super post-Panamax quay cranes to strengthen the terminal''s productivity as well as enhance the competitiveness of the Haicang Port Zone.
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NewsTHE CHINA FACTOR
Gavin van Marle examines the opportunities for foreign investors in China''s burgeoning container handling sector - and in its hinterlands.
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Chinese and Trinidad & Tobago select SeaSecure
The Chinese government has selected maritime security and counter-terrorism consultants, SeaSecure, to provide training for the Hong Kong Marine Department in preparation for ISPS Code compliance.
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Guangzhou attracts investment
Applications totalling over $987m had been submitted by ports across the country seeking funding assistance in order to comply with new U.S.The Guangzhou Nansha Development Zone, located at the very heart of the Pearl River Delta, claims to have inked nine maritime development projects worth $673m to add to eight ...
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Five bid for JNPT
Five of eight interested parties have entered firm bids for the concession to run the third container terminal at JNPT in India.
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NewsAsia boosts NY & NJ volumes
Continuing growth in Asian trade boosted container volumes at New York-New Jersey by 14.6% during the first half of 2003. Imports from East Asia grew by 38%, while imports from Southeast Asia grew by 31%. Asian imports now account for 41% of all cargo handled by New York-New Jersey. This ...
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Vizhinjam major box player?
Kerala Port Department (KPD) is progressing plans to convert Vizhinjam into a major international container terminal. Despite the fact that it is only 200km from the location of the proposed Vallarpadam transhipment terminal, near Kochi, KPD insists it will not affect traffic.
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Cosco to invest in Tianjin
During the past year, 1,100 new longshoremen were hired, increasing employment for an industry that already supports 228,000 jobs in the region.Cosco Pacific, the Hong Kong-based subsidiary of China's largest shipping line, has signed a memorandum of understanding to take a 50% stake in the construction of six new berths ...
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Hong Kong needs CT 10
During the past year, 1,100 new longshoremen were hired, increasing employment for an industry that already supports 228,000 jobs in the region.Hong Kong needs to build Container Terminal 10 after Kwai Chung's CT9 has come fully on stream by 2005, to raise its long term competitiveness, the head of the ...
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NewsBusan back on track
The South Korean port of Busan expects to be back to its previous operational state by April following repair to major damage inflicted by Typhoon Maemi last September. Eleven quayside gantry cranes had to be withdrawn for repair with two already back in operation by the end of 2003. All ...
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Japanese promote efficiency
The Japanese Transport Ministry is to introduce three pilot projects aimed at streamlining container handling. Five ports are under consideration as being suitable locations for the trials, these being Tokyo-Yokohama, Nagoya, Osaka-Kobe, Kita-Kyushu and Fukuoka.
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New Mooring terminal to go ahead
The government of Bangladesh has ratified a contract awarded to China Harbour for the construction of the New Mooring container terminal at the port of Chittagong at a cost oUS$134m. Once built, the one million TEU/year facility will have a private operator appointed.
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Gwadar project could help or hinder regional stability
According to governmentissued projections, the Pakistan-China joint venture to build a $248m deep-sea port at Gwadar will be completed by March 2005.
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Indonesia cracks down on monopolies
Hutchison and stateowned Pelindo II controlled Jakarta Container Port may be forced by the Indonesian anti-monopoly agency to terminate its operations on competition grounds.
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Paradip to build berths
Paradip port trust has invited expressions of interest for the construction of two new berths which will be taken forward on a BOT basis.
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Singapore talks tough
However, KPA is seeking proposals from private sector companies wishing to invest in port facilities as a means of ensuring that infrastructure work can be implemented as soon as possible.Singapore's senior minister and former prime minister, Lee Kuan Yew, has stated the island republic will not lose any more container ...
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Java's new BIP port gets lift-off
Construction of the Bojonegara International Port (BIP), west of Jakarta, began in December with the inauguration of the project in Banten by President Megawati Soekarnoputri.
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NewsDangers of excessive working hours
Hong Kong''s Marine Department has warned of the dangers of fatigue due to excessive cargo handling. It quotes two recent accidents - one fatal and the other resulting in permanent disability - in which fatigue played a key role. The victims had been working for extended periods of 21 hours ...
