Asia – Page 47
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Dawei port go-ahead
Thailand and Burma have signalled they will press on with joint development of the Dawei deep-sea port on Burma''s Andaman Sea coast, according to official reports.
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PSA fails to attract traffic to Gwadar
Pakistan''s new Gwadar port has been struggling to attract shipping lines, a failure that sources close to the port blame on poor marketing.
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NewsNingbo floatation smaller than planned
Although smaller than originally planned, Ningbo Port Company has raised Yuan7.4bn ($1.1bn) from its Shanghai floatation which was 20% reduced from its original offering of 2.5bn shares.
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Colombo’s deep water
Sri Lanka has awarded a contract for a new deep-water container terminal in Colombo port to a consortium made up of China Merchant Holdings International and conglomerate Aitken Spence.
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New reefer facility for Davao
Handling of the growing fruit trade in the Port of Davao, the main transit point for Philippine bananas, is being assisted by a new reefer facility at the Sasa Wharf operation.
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Computer glitch hits Manila
ICTSI has attributed recent traffic jams at its Manila International Container Terminal to computer glitches, which it characterises as being "minor" and "intermittent" in nature.
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India to triple capacity within 10 years
India’s shipping minister has announced plans to triple capacity within the next 10 years, stating that ports are vital to sustain India''s economic growth. Capacity will be boosted to 3.2bn tonnes as part of the plan, exact details of which will be issued at the end of September.
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NewsChinese ports to benefit from waterways push
The prominence of China’s river ports is to increase as a result of rising fuel prices, worsening road congestion and a search for greener forms of transport, according to a new report.
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China Merchants to operate Colombo terminal
China Merchants Holdings (CMH) has signed a $450m deal with Sri Lanka Ports Authority (SLPA) and the local conglomerate Aitken Spence to build a new container terminal at the port of Colombo.
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Mundra to get major investment
The Adani group is to invest $1.2bn in the Mundra Port and Special Economic Zone over the next five years. The aim is to reach 200m tonnes in throughput by 2020.
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NewsJapan to establish ‘super-ports’
The Japanese government is to create two mega-ports, labelling them International Strategic Freight Ports.
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Ranking shows Asian ports hold their own
Eight of the world''s top nine ports are, according to the new Top 50 World Container Ports ranking, in Asia, with the Port of Singapore keeping its top spot despite falling volumes during the downturn.
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NewsShanghai overtakes Singapore
Shanghai is celebrating taking Singapore’s crown as the world’s busiest container port after the last eight month''s figures put it ahead on boxes.
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Vietnam ports to move
Government plans to move ports from the inner parts of Vietnam''s Ho Chi Minh City to outlying areas have stalled because of delays in infrastructure construction at the proposed new sites as well as a lack of funds, port management officials have said.
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Bonds issue by TPG
Tianjin Port Group is to undertake a short-term issue worth £147m, with a maturity of 365 days and underwritten by China Merchants Bank. Revenue generated is required to replenish working capital and finance ongoing engineering projects.
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Singapore reduces dues concession
The recovery in the global economy and shipping industry has prompted the Port of Singapore to reduce its port dues concession.
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NewsPursuing iron ore export opportunities
With buyers looking to diversify their purchases of iron ore to avoid reliance on Brazil and Australia, and India enjoying a shipping cost advantage into China, iron ore port developments have been moving apace.
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NewsEnthusiasm for Pipavav shares points the way
Gujarat Pipavav Port has raised Rs5.08bn ($107m) from its floatation, Rs1 per share over that agreed by the anchor investors.
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NewsA positive landscape for private investors
Indian trade is pushing new boundaries but port capacity is struggling to keep up, writes Michael King
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Qingdao to have largest global iron ore terminal
The Chinese port of Qingdao has revealed plans to build the world''s largest iron ore handling terminal. A total of six berths will be opened at Dongjiakou harbour, boosting capacity to 192m tonnes by 2030. This new facility will act as a national dry bulk distribution centre by the end ...
