Asia – Page 50
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News
Financial scandal linked to Port Klang
Ling Liong Sik, a former Malaysian Transport Minister, has been charged as part of $1bn scandal linked to Port Klang Free Zone. Ling’s involvement was in persuading the government to spend an additional $227m on acquiring additional land for the Free Zone development.
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Johor/PTP merger off
Plans to rationalise operations at the ports of Tanjung Pelepas and Johor, which are controlled by MMC Corporation, have fallen through.
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Kochi port to sell land to tide it over financial difficulties
India''s Shipping Ministry has given Kochi Port Trust permission to release some of its land for a period of 60 years to help it during the current financial crisis. In all, 20 acres of waterfront on Bolghatty Island and a further eight acres in Marine Drive have already been offered ...
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NewsIndian port expansion conference
An event is being planned to tackle some of the more specific issues thrown up by Indian port expansion plans. The region’s ports are facing high growth, but Lieve Dries, COO of Noppen, points out efficiency is lacking.
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ESPL grows capacity
Essar Shipping Ports and Logistics’ revenue increased by 18% quarter on quarter. ESPL’s key highlights for the period include the start of operation of its deep draft all weather port at Hazira.
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NewsIndian port services “key area” for Eredene
Eredene Capital has bought an 8.22% stake in a leading Indian port services operator for $11.1m.
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ICTSI’s Asian boost
International Container Terminal Services (ICTSI) has reported promising initial half-year results boosted by Asian demand. Consolidated volume reached 2m teu in the first half of 2010, 26% higher than the same period in 2009.
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NewsEssar to divide
Essar Shipping Ports & Logistics Ltd (ESPLL) is to split itself into two businesses under the ESPLL parent: Essar Ports and separately Essar Shipping.
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NewsKarnataka iron ore ban slows ports
The Indian region of Karnataka’s ban on iron ore exports hit port movements in August.
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NewsIndian infrastructure talks take in concerns
Discussions on infrastructure were the focus of a meeting between APMT and the Indian government officials as this issue in particular continues to be an area of concern for shippers and port operators alike.
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New berths at Busan
Busan New Port recently inaugurated 11 new berths divided between three new container terminals operated by Pusan New Port Company, Hanjin Shipping and Hyundai. When the full development is completed in 2015, the port will have 30 berths.
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NewsFears of knock-on congestion from Dalian closure
China''s Dalian port has reopened to traffic following a oil pipeline explosion earlier this week, but operations at Dalian Port Group crude oil terminal remain suspended pending a full investigation into the cause of the incident.
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NewsMajor Yangtze crackdown on overloaded vessels
Chinese river ports from Sichuan province to Shanghai have been involved in the largest action yet against overloaded vessels in the region.
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Vallarpadam to be rate competitive
Cochin Port Trust has decided to pitch vessel-related charges at the new Vallarpadam container transhipment terminal at a level that will make facility competitive with other transhipment hubs in the region.
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Singapore maintains discounts
Containerships calling at the Port of Singapore will now be able to take advantage of the 20% reduction in port dues until 30 June 2012 following a decision to extend the concession by a further two years. Container vessels represent 14% of the total number of calls at Singapore ports.
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News
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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News
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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News
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.
