Asia – Page 42
-
News
PSA reveals Teh replacement
PSA is understood to have appointed a new group chief executive to follow in the footsteps of Eddie Teh, who is due to retire at the end of August.
-
NewsIndia sets sights on global port domination
India is to set up a state-owned company capitalised at $557m specifically to invest in overseas port and terminal projects. The company will mirror PSA and DP World in scope and be known as Indian Ports’ Global.
-
News
Karaikal heads for second round funding
Karaikal Port Pvt Ltd is to undertake a second round of private equity funding to raise $50m, with Ascent Capital Advisors India already undertaking due diligence.
-
News
Adani challenges JNPT bid ban
Adani Enterprises, which has been forbidden to bid for the fourth container terminal at JNPT, has sought to overturn the ruling in the courts.
-
News
Indian ports to issue bonds
Cochin, Kolkata, Ennore and JNPT are seeking permission from the government to raise funds using tax-free bonds.
-
News
DP World court stay protects Chennai tariffs
DP World has won a temporary stay against a proposal by India’s port regulator, Tariff Authority for Major Ports to reduce tariffs at Chennai Container Terminal, a DP World-managed facility.
-
News
Mitsui leading bidder for Portek
Mitsui has presented an offer to acquire the capital of Portek International, which operates eight terminals in Indonesia, Algeria, Malta and Gabon, as well as a dry port in Ruanda.
-
News
Trace radiation on Japanese containers
Levels of radiation surpassing European Union limits have been found on a maritime container from the Japanese port of Yokohama by authorities at the Belgian port of Zeebrugge. Dutch authorities also found traces of radiation on 19 containers from Japan.
-
NewsNot all fast forward for China, despite ambitions
While the Chinese government outlined ambitious port developments under their 12th five-year plan, there are major challenges according to Ander Chow of consulting firm ARUP.
-
News
Yangtze gets deeper approach
The dredging work on the approach channel of Shanghai’s Waigaoqiao terminal has recently been completed, increasing the water level to 12.5 metres, according to China Transport News.
-
NewsFrom zero to hero – but short in the leg
Cai Mep is riding the crest of Vietnam’s economic wave – having grown to hub status from a feeder port in two short years, but it is already having to make the most of its efficiency.
-
News
Investors hungry for Magampura
Some 13 investors have submitted project proposals for new ventures at the port of Magampura in Sri Lanka. These are expected to generate revenue of $1bn and include cement grinding, warehousing, sugar refinery, petrochemicals, fertilisers and others.
-
News
Cosco takes fresh look at port investment
The chief executive of Cosco has revealed that the company may well resume its investment in ports.
-
News
Vizag no longer India's number one
Visakhapatam Port, India''s leading port for many years, is now firmly anchored in second place behind Kandla, and is predicted to slip further down the league table with the threat of Gangavram hanging over it.
-
News
NMPT abandons PPP
New Mangalore Port Trust has abandoned plans for a public-private partnership development of its proposed container terminal.
-
News
Cost overrun hits Tanjung Priok
The bill for the first stage of Tanjung Priok’s North Terminal development has spiralled by 26% from the original forecast, up from $1.02bn to $1.29bn. The hike in prices has been blamed on the change in location for the container terminal, an increase in infrastructure costs for construction of a ...
-
NewsEssar Ports shares go to market
Essar Ports stock has, following its demerger from Essar Shipping Ports & Logistics, realised a market capitalisation of around Rs 5,000 crore (USD$1,106m) from its entry onto the National and Bombay Stock Exchanges (BSE and NSE).
-
NewsVietnam hub development stalls
It seems that the Van Phong project may have been the victim of the region''s success. The latest news is that work has been suspended for a year, with only a fraction of the necessary piling in place.
-
NewsBest bets for investment
Investment in ports located in South East Asia’s fastest growing economies will accelerate in the coming years, according to leading analysts and operators.
-
NewsMaersk CFS blaze kills two
A fire that broke out at the container yard Maersk CFS Annex in Ennore, India last week killed two people and injured nine.
