Asia – Page 46
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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.
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Eleven in the 10m teu club
In 2010, 11 ports registered traffic in excess of 10m teu. These were Shanghai, 29m teu (up 16%); Singapore, 28.4m teu (up 10%); Hong Kong, 23.3m teu (up 12%); Shenzhen, 22.5m teu (up 23%); Busan, 14.1m teu (up 19%); Ningbo, 13.1m teu (up 25%); Guangzhou, 1.5m teu (up 12%); Qingdao, ...
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Sinotrans to partner Nanjing port authority
Nanjing port authority has signed a contract with Sinotrans to undertake a $155m restructuring of the river port. Sinotrans will take a 45% stake in the new Nanjing Port Group; it already has a 10% stake in the new container terminal.
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NewsICTSI makes ‘best-managed’ list
International Container Terminal Services, Inc (ICTSI) was recently included in Euromoney’s Best-Managed Companies in Asia for 2011.
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Private sector key to Indian development
The Indian government believes that the private sector will handle half of the nation’s cargo by 2015.
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NewsKolkata lands in controversy
Troubles between Kolkata Port Trust (KoPT) and the state of Orissa’s local government about the port’s extension of its land are sparking threats of legal action.
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Mongla hub plan
UK-based Port Evolution Management Ltd has put forward a $794.5m plan to develop Bangladesh’s second most important port of Mongla. The scheme would involve building a container terminal, an oil terminal, a tank farm and a special economic zone. Work would be implemented over the next four years.
