Asia – Page 50
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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 ...
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India to force ports to offer compensation for congestion delays
The Indian government is looking into the possibility of forcing ports to pay compensation to traders if their cargo is delayed because of congestion at the port. The proposal from the Commerce Ministry has been passed to the Shipping Ministry for final consideration.
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Commercial pressures bear on Tongling
The ex-chairman of Tongling Port Group, Wu Zhaolai, has said that the recent sale of his former company to a local conglomerate may not be the best way forward for the development of the port city.
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NewsSoutheast Asia forum inks 26 projects
Port and shipping companies from China and Southeast Asian countries have agreed to strengthen cooperation in a bid to handle increasing volumes at the fifth Pan-Beibu Gulf (PBG) Economic Cooperation Forum, a participant told PS.
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CMA CGM linked to West Java investment
CMA CGM has been linked to a new 10,000-hectare port development at Cilamaya, Karawang, in West Java. This new facility, which will have a 10m teu capacity, is scheduled to replace Tanjung Priok port over the next 5-10 years.
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Congestion surcharges applied at Jawaharlal Nehru
Several shipping lines have applied congestion surcharges for containers passing through Jawaharlal Nehru Port, although the Port Trust and container train operators deny accusations of congestion. An additional $60 per teu is now being levied by lines such as Maersk.
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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.
