Asia – Page 52
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Yibin to get box terminal
Shanghai International Port Group has entered into an agreement with the municipality of Yibin to build and manage a new container port. Yibin, which is located at the confluence of the Yangtze, Minjuan and Jinshajiang rivers, will have a capacity to handle 4m teu by 2030 as a result of ...
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Second Tuticorin box terminal tender
Following a delay of four years, a tender encompassing construction of a second container terminal at the south Indian port of Tuticorin is finally to go ahead. The original tender resulted in legal action by PSA-Sical, which had been excluded from bidding. The new terminal has an estimated cost of ...
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Indonesia to limit port concessions to 30 years
In draft legislation, the Indonesian government is planning to limit all port concessions to no more than 30 years.
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Hutchison to issue bonds
Hutchison Whampoa Limited, the parent company of Hutchison Port Holdings, has begun marketing the sale of $3bn in bonds.
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NYK pulls out of Tacoma terminal agreement
The Japanese terminal group Nippon Yusen Kaisha (NYK) has cancelled plans to build a dedicated container terminal at the US port of Tacoma, which would have required investment of $300m.
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Yangshan now biggest port in the world
China claims that the new Shanghai Yangshan port that entered operations this autumn is the world''s largest in terms of container handling. Construction began in 2002 and culminated in the building of 16 berths along 5.6 km of coast. Capacity will be in the region of 10m teu.
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Danes asked to fund Vietnamese ports
The Vietnamese prime minister on a visit to Denmark asked the Danish Premier for financial aid to develop seaports. This follows the inauguration of a new Maersk service linking Vietnam to US Pacific ports.
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3i eyes third port project in India
The London-based private-equity investor, 3i Group Plc, which has amassed a $1.2bn infrastructure fund for India, has announced it is seeking a third investment opportunity in the country.
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Chittagong corruption commission
Bangladesh''s Anti-Corruption Commission has appointed a three-person team to look into corruption allegations at the port of Chittagong. The decision was prompted by a request from the Shipping Ministry.
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Chinese ports report growth
In July, the combined throughput of China''s coastal ports reached 500m tonnes, a growth of 12.9% over the corresponding 2008 month.
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Cosco reports drop in box traffic
Cosco Pacific reported a 6.7% loss in traffic during July to 3.78m teu.
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Vietnam port loan
Vietnam Oil and Gas has signed a £ 3.7bn loan deal with the Petroleum Technical Services Corporation (PTSC) and the Vietnam Joint Stock Commercial Bank for Industry and Trade to invest in the Hon La Port project. The loan period is ten years.
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Tianjin posts loss
Tianjin Port Development ended the first half of 2009 with a net loss of $2m. Container traffic handled by the company was down by 6.7% and bulk by 8.4%. Revenue reached $83m compared with $91m the previous year.
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PSA issues bonds
PSA International aims to raise $500m through a bond issue, being arranged by JP Morgan, Nomura International and DBS Bank.
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NewsIndia investing $4bn in ports
India''s Ministry of Shipping is to award contracts for 28 projects worth $4.11bn in 2009-10.
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NewsIndonesian ports court private investment
Indonesian state port operator, Pelindo I, has signed partnership agreements with 11 private-sector companies to develop logistics and ports business in the west of the country worth $500m over the next five years.
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Bangladesh Sonadia project gets the green light
With new port plans finally given an official nod, Bangladesh is looking to public/private finance for further developments.
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Pakistan, Sri Lanka and Bangladesh
Sri Lanka''s Colombo port is going for megahub status with $400m investment in breakwaters and infrastructure to form a deep water harbour as the existing facility is depth limited and becoming congested, says Don Wootton of Scott Wilson.
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NewsWill South Asia be ready to play?
Are South Asia''s ports finally tackling operational barriers? Stevie Knight reports
