Asia – Page 38
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Open arms greet private investors
Major ports have undertaken aggressive expansion plans to boost capacity such as dredging and development of new berths using the Public Private Partnership model.
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NewsTowards hub status
South Asia is facing up to the challenge of becoming a serious link in the East-West container trades.
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Chinese investors mull Sri Lankan port city
An investment group based in Beijing, China has proposed the development of an international port city, similar in scope to Singapore, to be built around the Sri Lankan port city of Hambantota.
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Box operators ignore India rate hike directive
Directives issued by India''s Tariff Authority for Major Ports (TAMP) to the country''s three leading container terminals to cut rates to shipping lines have been ignored.
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NewsStrategic moves for ICTSI
Baltic Container Services (BCT), International Container Service Inc’s subsidiary in Poland, has inked a new subsidy agreement with the Center of European Union Transport Projects for part of the investment needed for the terminal expansion project at Gdynia Port.
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Urgent Indonesian port growth needed
Indonesia must quickly expand and modernise its ports to keep up with a recent trade boom, the country’s trade minister has said.
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NewsThailand sports new ports strategy
Thailand has altered its port strategy to put emphasis on its own hubs in a change that represents a large shift in transportation thinking.
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Not much comfort from a trading niche
Indian Ocean energy has a ready market and Indonesian entrepreneurs, for example, might be looking to take a leaf out of India’s copybook.
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Holding the key
There are Indonesian rewards to be reaped by patient investors, as Stevie Knight explains
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Japan puts annus horribilis behind it
2011 was a year to forget for Japan and its ports. On March 2011, a magnitude-9 earthquake launched a tsunami which engulfed much of the country''s coastal northeast and caused the worst nuclear catastrophe since Chernobyl in 1986.
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Hong Kong and its neighbourly rivals
Hong Kong has been one of Asia''s leading ports for generations and remains one of the top three container ports in the world.
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Tender issued for Kalibaru box terminal
Indonesian state port operator Pelindo II has issued a $1.9bn tender for the construction of a container terminal at Kalibaru, which is needed to ease congestion at an existing facility in the port of Tanjung Priok.
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Kerala seeks development partner for Azhikkal
The Indian state of Kerala has invited new bids for the development of the existing minor port of Azhikkal.
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APM Terminals sees potential in India
APM Terminals’ chief executive, Kim Feijer, says that, despite having the world''s third-largest economy, India remains under represented in terms of global trade.
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Wait and see at Maldives Port
Port officials in Male are taking a wait and see approach to development plans post a recent coup in the Indian Ocean''s Maldives.
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Kalibaru construction cost soars
The initial cost of building a new port at North Kalibaru in Indonesia has soared by 55% from $1.1bn to $1.9bn.
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Vallarpadam void of transhipment boxes
A year after it was inaugurated, Vallarpadam container terminal in the Indian port of Kochi handles virtually no transhipment traffic.
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NewsDon’t invest in Sihanoukville, investors told
Potential investors in Sihanoukville port, due to list on Cambodia’s bourse, have been warned off the idea by no less a figure than a former Cambodian Finance minister. Investors face risks because of weak financial and legal systems, Sam Rainsy said.
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NewsOre transhipment pushed by China
An announcement by China’s Ministry of Transport means that port operators will no longer be allowed to decide whether to allow VLOCs into their facility.
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SAAM in first quarter flotation
Compañía Sud Americana de Vapores port subsidiary, SAAM, is eyeing an initial public offering during the first quarter of this year.
