Asia – Page 46
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The Philippines pushes full privatisations
Philippine Port Authority (PPA) is to privatise five ports in Visayas and Mindanao as a means of attracting private sector investment in infrastructure projects. To be put out to tender are Davao, Cagayan de Oro, Iloilo, General Santos and Ozamiz. All ports operated by the PPA are expected to be ...
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New Mangalore box terminal to rise from ashes
New Mangalore Port Trust is reconsidering how to attract investors to build a new container terminal.
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Chittagong efficiency in the firing line
Bangladesh''s Shipping Minister has put forward plans to boost efficiency at the port of Chittagong by the end of 2010, kick-starting the project with consultations with stakeholders.
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Revenue up for Essar
The ports division of Essar Shipping Ports & Logistics Ltd has announced a revenue increase of 53% for the quarter, year-on-year.
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PSA-Sical challenges Tuticorin exclusion
PSA-Sical has approached India''s Supreme Court to overturn an exclusion on bidding for the concession to convert Berth 8 at the port of Tuticorin into a container terminal. Given that the company already operates an alternative facility in the port, it was excluded from any future bidding on monopoly grounds.
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Dalian prepares IPO
Northern China''s largest port operator, Dalian Port, is to undertake a $556m IPO, consisting of the sale of 1.2bn shares to its major shareholder, PDA Corporation, as part of a share placement. Citic Securities will underwrite the offering.
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NewsYangtze venture on the cards for APMT
APM Terminals is looking at possible Chinese river port ventures, specifically in the Yangtze.
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NewsSri Lanka’s new port opens early
Sri Lanka''s new deep sea port at Hambantota, on the south coast of the island, has been officially opened almost half a year ahead of schedule.
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Vietnam's Cam Ranh gets new lease of commercial life
Vietnam’s Defence Minister General Phung Quang Thanh has said that Cam Ranh Port, a major war era facility, will not become a foreign military base but will instead be adapted to serve cargo ships.
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NewsSihanoukville left out in the cold
In a surprising move, government officials in Cambodia have not named the country’s major hub in its role call of national assets likely to list.
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NewsIndia needs to prepare for recovery
Is India ready to handle a rebound in the container trade? This is the question posed by Captain Sandeep Mehta, chief executive of Mundra Port.
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India invests in ports
India is to invest $20.8bn on 276 port projects at 13 major harbours across the country. Of these, 22 projects are already at the tender stage and most will be implemented as public-private partnership agreements.
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Karachi investment
The World Bank has endorsed $115.8 million for the Karachi Port Improvement Project.
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Disinterest in Indonesian projects
Only one of 12 ports offered by Indonesia''s National Development Planning Agency (Bappenas) has received interest from potential investors as part of potential public-private partnerships.
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Tianjin in major expansion project
The north-eastern Chinese port of Tianjin is planning a $1.95bn expansion. This will also involve the creation of an extensive logistics network, connecting it to 16 inland ports. For this year, the forecast is for the port, the third-largest in China, to handle 400m tonnes.
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NewsICTSI rebuffs Manila accusation
Claims that construction of ICTSI''s new berth 6 at Manila is illegal have been rejected by the terminal operator – and waters have been calmed by the Mayor.
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Greenfield development setbacks at Indian ports
In 2009-2010, the private sector handled 34% of all cargo passing through India''s ports, compared with 27% in the previous year, a figure which is expected to rise to 50% within the next five years, according to new figures.
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Congestion crisis deepens at Chittagong
A monitoring committee consisting of major port stakeholders has given Chittagong Port Authority a list of nine recommendations aimed at improving efficiency at the congested port.
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India celebrates first e-terminal
DP World-operated Chennai Container Terminal has become India''s first e-terminal. Customers using the terminal can now undertake many standard paperwork actions online, including basic container tracking services.
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Single bid for Ponnani development
Just a single investor has responded to the Kerala government''s tender aimed at finding a private sector partner to help develop the port of Ponnani, Chennai-based High Valley Infra Projects. An estimated budget of 7.6bn will be required to develop the port, which will then be able to accommodate vessels ...
