Asia – Page 49
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New terminals for Colombo
The port of Colombo in Sri Lanka is to build three new terminals, spending $334m on redeveloping the port, with finance sourced from the Asian Development Bank and Sri Lanka Ports Authority.
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Ningbo IPO
Ningbo Port Company is to raise $1.9bn via an initial public offering on the Shanghai stock exchange. Analysts, however, believe that interest in transport stocks is on the decline, especially given uncertainty over recovery from the global recession.
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Tariff war killing haulage firms in Indonesia
The current tariff war at the Indonesian Tanjung Priok Port is threatening to put several more road haulage companies out of business.
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NewsEnnore boxes won by Euro-Indian bid
This week saw the concession for the first container terminal in Ennore, Chennai’s new challenger, finally being settled. The tender has caused interest primarily because of the growing strategic importance of the automotive sector on India’s east coast.
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NewsIndia’s antimonopoly policy “a disadvantage”
A controversial Indian antimonopoly port policy that is being formulated to encourage more players to invest in the sector may actually be regressive according to some industry sources.
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India to upgrade Cuddalore
The Tamil Nadu minor port of Cuddalore, which is currently under-utilised, is to be developed as part of a private-public partnership scheme. The facility, which is some 200 kilometres south of Chennai, will be offered as a 30-year concession.
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NewsVietnam’s ports set the pace for development
A significant increase in both box volumes and port projects has been the result of Vietnam''s rise as a manufacturing centre but landside developments need to keep pace, Cai Mep International Terminal (CMIT) commercial officer Malcolm Gregory tells Port Strategy.
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TPD bullish over 2010
Tianjin Port Development claims it will make a profit this year, despite racking up a $6.1m net loss in 2009. This compares with a net profit of $16.8m the previous year.
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New Indonesian port
Indonesian state port operator Pelindo II is to build a 10m teu capacity hub port at Karawang, West Java. The development will take place over the next five to ten years at a cost of $667m.
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Trade liberalisation to boost region's port business
The 10 member countries of the Association of the Southeast Asian Nations (Asean) have been taking rapid steps to build up trade between members and with other parts of Asia.
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NewsOn the rebound
A comparatively quick recovery in South East Asia’s leading container ports has put shelved investment plans back on track. Michael King reports
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Electric RTGs for SE Asia
Conductix-Wampfler AG’s electrified ryber-tyred gantry cranes are to be used in the Express Yard in South Korea, the Nagoya United Container Terminal in Japan, and the New Century Container Terminal in China. The three orders together have a combined total of €2.5m ($3.4m).
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NewsManila’s challenge to shipping lines
Manila’s North Harbour Port Inc (MNHPI) has spoken out at charges that its fees will hit consumers by challenging the shipping lines to bring down both cargo and passenger rates following its own 10% reduction in tariffs.
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Bids received for South Harbour
Sri Lanka Ports Authority has confirmed the success of talks with China Merchants Holdings and Aitken Spence in respect of a build, operate and transfer contract in the new South Harbour development. A contract is expected to be signed shortly.
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Adani group unveils Orissa mega-port plan
The Adani group, which already operates Mundra Port on India''s West Coast, is poised to create what could be the largest private port in India on the eastern coast of the country.
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NewsCommercial operations start at Pusan Newport
Pusan Newport International Terminal (PNIT), a joint venture between PSA International Pte Ltd (PSA) and Hanjin Corporation in Busan New Port, South Korea, has started commercial operations as a Pacific transhipment hub.
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Singapore extends dues concessions
The 10% concession for ocean-going vessels mooring at the Port of Singapore for not more than 10 days has been extended for a further six months to September 30, as has the 20% port dues concession for commercial harbour craft. The concession was originally introduced to help the industry during ...
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NewsTrade increases only part of the recovery picture
World shipping trade is forecast to grow 8.5% this year, according to the latest forecast from IHS Global Insight''s World Trade Service.
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NewsAnother link in Chinese chain
A new Chinese canal project should strengthen Wuhan’s role as a shipping hub in the middle reaches of the Yangtze River, according to David Lammie of Yangtze Business Services.
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NewsChinese ore boycott to hit nation's ports
China’s boycott of Australian and Brazilian ore could hit both Qingdao and Rizhao ports in the short term, since these handle a large proportion of the iron ore imports that enter China.
