Asia – Page 90
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PM urges lines
Malaysian Prime Minister Mahathir Mohamad has called upon international shipping lines to choose container terminals in Malaysia over those in neighbouring Singapore.
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China planning new LNG terminals
China is considering developing three new LNG terminals, one at Qingdao and two near Shanghai. Energy planners expect gas demand in the eastern coastal provinces to hit 37bn cbm/year by 2015, an average annual growth rate of 12.5%. Sinopec, one of China''s largest oil companies, is leading development effort in ...
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Logistics park for Qingdao
Hong Kong-listed China Merchants Holdings and the government of Qingdao are to jointly develop a $500m, international logistics park in Qingdao. The project includes the development of seven container and multi-purpose berths as an integrated terminal and logistics facility that extends port services into the supply chain.
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First berth of YICT's Phase III operational
Phase III at Yantian International Container Terminals (YICT) has opened its first berth and piloted its " Next-Generation System" which will gradually replace the existing terminal operation control system. nGen has been jointly developed by YICT and Hongkong International Terminals to cope with the increasing demand of terminal operations.
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LNG terminals for India
The Petronet consortium is due to open a new LNG terminal at Dahej by the end of the year. It has also acquired 400 acres of land at the port of Kochi, where preliminary studies have been completed for construction of a second LNG terminal, which should begin in December.
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Chittagong rejects accusations
Chittagong Port Authority chairman Shahadat Hossain has rejected accusations from western countries that Chittagong is both hazardous and expensive.
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Concor opens in Calcutta
Indian Railways'' owned Container Corporation of India (Concor) is to open a new intermodal terminal at Calcutta Port''s Kidderpore Dock. This will occupy a 30-acre site and handle 26,000TEUs in its first year of operation.
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TT Club reduces estimates on Maemi claims
The TT Club has confirmed that its latest assessment of claims resulting from Typhoon Maemi, the devastating storm that hit South Korea in September, is substantially reduced from the initial estimates of $40-50 million with the likely level of claims faced by the mutual not expected to exceed $25 million.
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APM leases Shanghai berths
APM Terminals has leased six berths at Shanghai''s Waigaoqiao Container Terminal complex for a period of 50 years from Shanghai Port Container Company.
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Chittagong to get gantries
Construction of Chittagong''s New Moorings container terminal is due to start this year and be completed by December 2005.
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Asia: 'The way forward'
A study into the drastic fall in infrastructure investment in Asia since the currency crisis of 1997 has been initiated by the region''s three major development financial institutions. Both public and private sector financing for infrastructure have fallen despite the huge need for infrastructure development in the Asia-Pacific region and ...
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Confusion in Qingdao
Qingdao Port Authority (QPA) has confirmed its decision to award a major expansion contract, Qianwan Phase IV, to a consortium after the same project was apparently awarded to CSX World Terminals by the Qingdao municipal government.
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India adds terminal capacity
P& O Ports will not be interested in a new container terminal development at the Indian port of Hazira, which it says is " not a viable site" given adverse tidal and weather conditions. The company reports that it had looked three times at Hazira before rejecting it. To give ...
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PSA out-manoeuvred in Shanghai..
Confusion surrounds the $12.07bn development of a new 54-berth deep-water port on Yangshan Island, which will be connected to Shanghai via a new 30km bridge.
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JNPT backtracks on MGT
Jawaharlal Nehru Port Trust (JNPT) has dropped proposals to adopt the Minimum Guaranteed Throughput (MGT) formula as part of bid conditions linked to the construction of the third container terminal.