Asia – Page 43
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Five pre-qualify for Kalibaru
Five bidders have prequalified for the concession to build and operate Kalibaru Terminal at the Indonesian port of Tanjung Priok in a contract that will eventually be worth $1.37bn.
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Mormugao upgrades put on hold
Modernisation of the mechanical ore handling plant at the Indian port of Mormugao has been suspended.
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NewsIndia commits $60bn to national ports
The Indian government has announced that, in partnership with the private sector, it is to invest $60bn into the national port network by 2020 to accommodate increasing levels of growth.
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Investor sought for new Jakarta port
The Indonesian state-owned logistics and industrial park developer, Kawasan Berikat Nusantara (KBN), is seeking an investment partner for a $235m port development in Marunda area of North Jakarta.
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NewsChinese box game for Sri Lanka
The Chinese presence in Sri Lanka has grown further with a US$500m deal to create the largest box facility yet. But it might not wear the crown for long.
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Gopalpur phase II development
The Orissa government is upgrading the port of Gopalpur and has announced a second phase of development work, which should be completed by March 2013. Investment of $791m will be required to allow the port to eventually handle 54m tonnes of cargo.
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Afghan trade costs Pakistan $579m
Pakistan believes that it has lost up to $579m in unpaid duties, tax evasion and pilferage by handling Afghan transit goods.
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Jakarta port expansion price rise
A $1.29bn expansion scheme in Jakarta has attracted interest from APM Terminals, despite a rise in project costs from earlier estimates of $1.03bn.
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ICTSI withdraws Portek offer
Global terminal operator ICTSI is to withdraw its offer to acquire Portek International.
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India prioritises port projects
India''s Shipping Ministry has earmarked $3.8bn for 24 port upgrade projects this year, compared with the $903m spent on 12 projects last year.
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NewsUpdate: Typhoon stops berthing at Ningbo
A very large typhoon, Typhoon Muifa, has continued to gain strength and is likely to make landfall near Qingdao.
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CMA CGM unsure on Batu Ampar port
CMA CGM is considering whether to go ahead with its $470m transhipment port in Batu Ampar in Batam, Indonesia.
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Indonesia prepares for single market
The government of Indonesia plans to upgrade 14 ports to allow them to handle international traffic in time for the creation of the single ASEAN market in 2015.
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Binh Dinh plans new port
The Vietnamese province of Binh Dinh is to expand existing ports and build a new one by 2020.
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East Java’s four port plan
East Java is to build four new ports by 2013 at Lamongan, Gresik, Probolinggo and Banyuwangi.
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Myanmar ignores environmental concerns
A new port complex is being built at the town of Dawei in Myanmar under a 10-year project costing $8bn being developed by Thai interests.
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Indonesia postpones bond issue
Indonesian state-owned port operator Pelindo II has postponed a projected bond issue worth between $117m and $234m, citing a lack of major funding needs at the present time.
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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.
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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.
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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.
