Asia – Page 64
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NewsDPW boosts Indian investment
DP World anticipates investing a further $500m over the next few years in its assets in India. This will take total investment by the company in that country to $2bn.
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Vinalines invests in terminals
State-owned Vietnam National Shipping Lines (Vinalines) is to spend $300m on building a new port at Ba Ngoi in 2008. In total, it plans to develop two container ports and one multi-purpose port in the country capable of handling larger vessels.
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PIL and PSA pairing in Singapore
Pacific International Lines (PIL) and PSA Singapore Terminals have teamed up to manage and operate a dedicated container terminal for PIL in Singapore.
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NewsPSA boosts Singapore handling
Leading port operator PSA Singapore Terminals handled in excess of 27m teu in 2007, marking a 13% year-on-year increase.
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HPH awarded new Karachi contract
Karachi Port Trust (KPT) has awarded Hutchison Port Holdings a 25-year concession to establish the new Pakistan Deepwater Container Port at east Kearnari Groyne.
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New finance models for Bengali port
The Indian government has conceded that it may well have to look into alternative models to finance construction of the projected new deep-sea port on the west Bengal Coast.
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Congestion to force feeders out of Calcutta
Feeder operators are said to be considering transferring calls from Calcutta Dock System (CDS) to Haldia dock as a means of reducing port dwell times, which are being adversely affected by congestion.
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Chinese to fund Hambantota Harbour
The Chinese government has agreed to fund 85% of the $360m cost of building the new Hambantota Harbour in Sri Lanka. The loan will have to be repaid within 15 years at an interest rate of 0.9%, including a four-year grace period.
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NewsPorts must invest to meet demand, says PTP
Harun Johari, chief executive of Malaysia's Port of Tanjung Pelepas (PTP), has spoken out on the need for ports to invest in handling to meet mushrooming container trade.
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NewsJICT container expansion continues
Hutchison Port Holdings is continuing to expand its Jakarta operation to meet the demands of customers such as APL, Maersk and CMA/CGM.
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NewsChittagong ups fines on reefers
As a congestion-busting exercise, Chittagong Port authority has increased penalty rates fourfold for reefer containers remaining within the port for more than four days. The previous $9 a day charge has risen to $36.
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NewsColombo South contract still on hold
The government of Sri Lanka continues to drag its heels on development of a container terminal at Colombo South port.
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NewsBusan to kickstart bond issue
Busan Port Authority (BPA) is to issue bonds to the value of SKWon294bn ($311.9m) to help finance its New Port and North Port developments.
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Spaniards invest in India
A consortium consisting of Gammon India, Gammon Infrastructure and Dragados-SPL of Spain has been awarded a 30-year concession to develop an offshore container terminal at the Port of Mumbai.
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HPH commits to $150m Jakarta expansion
Jakarta International Container Terminal is investing $150m in a bid to expand capacity to over 3m teu.
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Transas nets Cochin VTS order
Port equipment specialist Transas is to supply, install and commission a Vessel Traffic Management System (VTS) at Cochin Port.
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NewsChina powers past 100m teu mark
In 2007, Chinese ports breached the 100m teu mark at the end of November, with a special ceremony held at the port of Tianjin.
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NewsMacquarie invests in Busan
Macquarie Korea Infrastructure Fund (MKIF) is to invest $277m in Busan New Port Container Terminal - the concession company with the right to develop, operate and maintain the Busan New Port Phase 2-3 in Korea.
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Malaysia relaxes crane import restrictions
Malaysia is to relax laws allowing local operators to import cranes from abroad.
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Vietnam seeks maritime investment
Vietnam is seeking investment from both domestic and foreign sources to expand and develop the country's ports sector, expected to handle 200m tonnes of cargo in 2010 and 400m tonnes in 2020.
