Asia – Page 44
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NewsSouth American spurt for ICTSI
International Container Terminal Services, Inc (ICTSI) reported 2010 results of $527.1M from its port operations, an increase of 25% over last year.
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Chinese Muuga wobbles
Erik Laidvee, the chairman of Muuga box terminal operator Transiidikeskus AS, has claimed that it is now unlikely that the Chinese port of Ningbo will cooperate with the port of Tallinn on its Muuga joint-venture terminal project. At present, just Transiidikeskus and the Russian firm Rail Grant are bidding for ...
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Sihanoukville to list
SBI Phnom Penh Securities Co, Ltd. has been appointed by the Ministry of Economy and Finance of Cambodia to lead manage an initial public offering of Cambodia''s state-owned Sihanoukville Autonomous Port ("PAS"), the company said in a press release.
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NewsVallarpadam gets underway
The container hub at Vallarpadam, inaugurated by Prime Minister Manmohan Singh in February, is being heralded as a money-saver for India’s businesses.
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Lach Huyen financing problem
Lach Huyen, Vietnam’s new super-port in the north of the country, has run into problems on the back of a change in investor, sources have reported.
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Central tariff control to go in India
India''s Shipping Ministry is considering doing away with fixing tariffs for major ports, passing responsibility for this to the ports themselves. Instead, a new regulator for the sector will be appointed who will be responsible for setting, monitoring and regulating service levels as well as technical and performance standards.
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NewsDP World's ICTT suffers teething problems
DP World''s recently commissioned International Container Transshipment Terminal at the Indian port of Vallarpadam is said to be suffering serious teething problems.
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NewsWidespread damage curtails Japan's ports
Japan''s recent devastating earthquake has caused serious damage to the ports of Hachinohe, Hitachi, Hitachinaka, Ishinomaki, Kamaishi, Kashima, Ofunato, Onahama, Sendai-Shiogama and Soma, according to reports.
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NewsFuel alternatives will depend on terminals
Japan has appealed for calm, but acknowledges there is “cause for concern”. The government is at the moment fighting not one, but three related disasters, the last being the nuclear power plant issue.
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NewsHPH Singapore listing makes waves
Oversubscribed and reportedly closing a day ahead of schedule, Hutchison Port Holdings Trust’s $5.8bn initial public offering has proved renewed investor interest in the ports sector.
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NewsPulling the green strands together
One problem bubbling up throughout the industry but not yet formally on the East Asia agenda is its ''greening''.
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Chinese eye port opportunities in Papua
Nine Chinese companies have indicated an interest in building new ports in Papua and West Papua. Locations so far identified are Sorong, Biak and Jayapura, with the latter scheduled to become a dedicated container terminal.
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Two new ports for Indonesia
Indonesia''s Ministry of Public Housing is to shortly commence construction of two ports, at Tanjung Bulu and Tanjung Bumi, costing a combined $1.12bn. These will ease pressure on Suramadu Bridge and also at Tanjung Perak port. The latter is operating at its peak capacity of 1.3m teu and is also ...
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Massive Indian investment in ports
India has announced a combined $110bn package to develop its ports and shipbuilding industry by 2020.
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Trincomalee development to go ahead
Sri Lanka Ports Authority is to invite private sector investors to help develop the eastern port of Trincomalee, which has extensive areas of surrounding land. A request for proposals is due to be issued in March. The port already encompasses a cement plant and the flour mill.
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Essar demerging ports business
India''s Essar Shipping, Ports and Logistics Ltd is de-merging its ports and shipping businesses, creating two independent companies. However, over the next three years, it intends to invest $730m to double its cargo capacity.
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Indian ports to have freedom to set tariffs
India''s Shipping Ministry believes that major ports should be able to implement market pricing, instead of leaving this to the port regulator, the Tariff Authority of Major Ports (Tamp).
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NewsEnnore to go public
Ennore Port Ltd (EPL) has gained approval from its board for a public floatation, seeking funds of approximately $110m in return for 10% of its equity.
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Mumbai transhipment goal realistic
The prospect of Mumbai emerging as a transhipment hub in the near future has been held out by top port consultant, Sanjay Mehta, chief executive of Maia Intelligence.
