Asia – Page 32
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NewsWestports Malaysia set for US$500m listing
Port operator, Westports Malaysia, is expected to list on the local stock exchange in October 2013 in a deal that could raise up to US$500m, according to media reports. The operator manages Malaysia’s main export gateway of Port Klang – one of the main ports along the Malacca Straits linking ...
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Essar Ports wins Visakhapatnam bid
Private port company, Essar Ports Limited (EPL), through its wholly owned subsidiary, Vadinar Oil Terminal Ltd, has won a bid for the development of three iron ore berths at India’s Visakhapatnam Port on a build-operate-transfer (BOT) basis.
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NewsPSA acquires stake in Fuzhou terminal
Global port group, PSA International, has acquired a stake in the Fujian Jiangyin International Container Terminal (FJCT) at the Port of Fuzhou in China, making it the second largest shareholder after FPG.
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NewsHong Kong strike comes to an end
The Union of Hong Kong Dockers (UHKD) has called an end to the 40 day strike at Hongkong International Terminals’ (HIT) Kwai Tsing Port after accepting an improved wage offer and promises of further negotiations on working conditions.
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NewsPortek traffic hits new record
Singapore based terminal operator, Portek International’s container throughput has hit a new record, exceeding the 1m teu mark.
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NewsHong Kong docker talks unsuccessful
The latest rounds of negotiations which took place today between the unions, Everbest Technologies Ltd and Hongkong International Terminals (HIT), a subsidiary of Hutchinson Whampoa Limited (HWL), have been unsuccessful, with Everbest refusing to put a wage deal in writing.
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NewsHong Kong talks to take place
The fifth round of negotiations is set to take place today to try to resolve the strikes and protests at the Kwai Tsing in Hong Kong and at the Cheung Kong Centre – troubles have been going for five weeks now.
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BNCT expansion strategy
The latest large ship call at BNCT terminal in Busan’s New Port demonstrates the future abilities of South Korea’s container logistics industry, the operator says.
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NewsHK strikes continue
Hutchinson Whampoa Limited (HWL) has strongly condemned the Kwai Tsing container terminal strikers for "jeopardising the reputation of Hong Kong tourism" after they "harassed" customers at the Harbour Grand Hong Kong hotel.
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NewsCourt injunction for HK strikers
Turbo Top Limited, a subsidiary of Hutchinson Whampoa Limited, has applied to the Hong Kong High Court for an injunction against the Hong Kong Confederation of Trade Unions (HKCTU) to prevent obstruction of Cheung Kong centre and its surrounding areas.
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NewsDP World performance dip
DP World has reported a 7% decline in gross container volume in the first quarter of 2013 compared with the same period last year, owing to lower volumes in the Asia Pacific, Indian Subcontinent, Europe, Middle East and Africa regions.
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NewsDP World development at Kazakhstan
DP World reportedly wants to invest billions of dirhams in the development of the economic free zone at Aktau Port in Kazakhstan.
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NewsKalmar award in port challenge
A consortium including Cargotec’s Kalmar, has received a commendation award of US$100,000 in the Next Generation Container Port Challenge (NGCP) at the Singapore Maritime Awards.
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NewsHong Kong staff to be laid off
Following the strikes at Hongkong International Terminals’ (HIT) Kwai Tsing Port, Global Stevedoring Service Company Limited (Global), which hires the crane drivers, has announced that it will lay off its staff and will not renew its service contract after its expiration on 30 June 2013.
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NewsStrike delays Hong Kong
As strikes continue at Hongkong International Terminals’ (HIT) Kwai Tsing Port, “the efficiency of the port has reduced to around 50-60%, delaying many ships for more than 10 days”, Chan Chiu-wai, organising Coordinator at Hong Kong Confederation of Trade Unions (HKCTU) told ‘Port Strategy’.
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NewsScenario planning: Korean hostilities
In a scenario where military hostilities between North Korea and South Korea breakout and Seoul is shelled, “Incheon port would likely suffer collateral damage”, says IHS Fairplay’s senior analyst, Gary Li.
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NewsChinese terminal operators expand
As China’s throughput volume declines and economic growth slows, container terminal operators, COSCO Pacific and China Merchants Holding International (CMHI), are expanding to overseas markets.
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NewsHong Kong dispute continues
The Hong Kong Shippers’ Council has advised members to arrange alternative shipping routes as demonstrations at Hongkong International Terminals’ (HIT) Kwai Tsing port entered into the seventh day on Thursday.
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NewsTrouble in Hong Kong
Port workers are back demonstrating over pay today at Hongkong International Terminals Ltd (HIT), part of the Hutchison Port Holdings Trust (HPH Trust), after a court ruling barred them from entering the city’s terminals yesterday.
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NewsJN Port visit – finale to a great conference
The successful GreenPort South Asia Conference 2013, organised by Mercator Media Ltd, was followed by a popular port visit to Jawaharlal Nehru Port on 22 March 2013.
