Asia – Page 65
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CMA CGM in Xiamen investment
CMA CGM, in partnership with Xiamen municipality and Hong Kong-based New World Services, is to undertake a joint-venture construction of a new container terminal at Haicang, in the port of Xiamen. This is due to enter service in 2009.
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Chinese up capacity at Yangtze river port
China''s largest steel maker, Baosteel, is to double the capacity of Majishan port, located at the estuary of the Yangtze River. The expansion will encompass new berths capable of accommodating vessels up to 300,000 dwt, boosting capacity from 26m tonnes to 50m tonnes/year.
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Maersk to build ICD near Chittagong
Maersk has put forward plans to build an inland container depot near the port of Chittagong as a means of reducing congestion at the seaport. The facility, which will cover 100,000 sq m, will cost $20m to build.
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Kerala to build five ports
The Indian state government of Kerala is to develop five more ports in addition to the proposed Vizinjam container transhipment terminal. A consultant for the process is currently being sought.
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India collaborates with Myanmar
India is collaborating with partners in Myanmar to build the new gas handling port of Kaladan close to the city of Sittwe. India will supply investment of $103m.
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China Cosco to continue investment
Chinese shipping line Cosco, the world''s largest dry bulk shipper, has confirmed its commitment to investment in ports and terminals in both China and overseas. Terminals in Hong Kong, Singapore, Egypt and Belgium are already earmarked for investment.
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Cochin to upgrade quay infrastructure
Cochin port is to upgrade much of its existing quayside infrastructure to make cargo handling operations easier for dry bulk cargo.
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NewsHPH beats off competion for Pakistan concession
Hutchison Port Holdings (HPH) has emerged as the winner for a concession in the first phase of the Pakistan Deep Water Container Port.
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Four bid for Colombo
Four bids have been lodged for the 35-year concession to operate the new container terminal in the port of Colombo, which will have a proposed handling capacity of 2.4m teu.
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Busan and Trieste tie-up
Busan Port Authority has signed an agreement with Trieste Port Authority to "facilitate mutual development by strengthening exchanges and cooperation".
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NewsScarcity of traffic at Busan new port
Busan new port, which will be completed by 2015 at a cost of $9.2bn, is currently struggling to attract sufficient traffic to make a return on investment. The facility, which will eventually have 30 berths, is supposed to establish South Korea as a logistics centre in Asia.
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Yang Ming in Kaoshiung
Kao Ming Container Terminal Corporation has been awarded a 50-year BOT contract to operate the initial phase of the International Container Terminal at the Port of Kaohsiung, the port''s sixth container terminal. Investment of $458m is planned for what will be a four-berth facility.
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Chinese port work up and running
Work has begun on the new SP-PSA International Port joint-venture container terminal located on the Cai Mep-Thi Vai River in Vietnam. Development will be in two phases, with the first operational in 2009 and eventual capacity will be 2m teu.
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Qianwan development on the way
Work on the fourth phase of the Qingdao Qianwan container terminal development has begun.
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NewsColombo being swamped by containers
The Sri Lankan Port of Colombo desperately needs to move to 24-hour operation on a permanent basis to bring levels of efficiency up to its hub port status, claims the national exporters association.
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DP World active in Malaysia
DP World and the MMC Berhad Corporation have signed a memorandum of understanding to develop 9.125m sq m of land in South Johor, Malaysia. This will be used to develop a $5bn maritime centre.
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NewsChinese lines eye Sines
Increased Chinese imports are making operations at Portugal's only deep-water port of Sines ever more viable, claims concessionaire PSA.
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CMH active in Zhanjiang
Hong Kong-based China Merchants Holdings (CMH) has reached an agreement with the municipality of Zhanjiang to transform Zhanjiang Port Group into a private company, Zhanjiang Port (Group) Co Ltd, with a capital of $479m. CMH is paying $215m for a 45% stake in the joint-venture.
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NewsNorthport ups conventional cargo operations
Port Klang operator Northport is to invest $29m in enhancing its operational area for conventional cargo at Southpoint.
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28 eye Vizinjam
A total of 38 companies are reported to have requested the tender documents for a proposed international container terminal at Vizinjam. Maersk and PSA are among those interested.
