Asia – Page 73
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Penang invests in port growth
Penang Port in Malaysia is to invest $277.78m over the next five years in infrastructure upgrades.
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DP World steps back from Pakistan
DP World has rather surprisingly withdrawn from the bidding process at Pakistan''s Gwadar port. Publicly, it claims this was done for commercial reasons, although there were serious concerns in India about the company''s presence in neighbouring Pakistan given that DP World also manages several terminals in India.
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NewsSri Lanka kicks off record expansion plan
An official inauguration has launched Sri Lanka''s largest infrastructure project to date, with plans to construct four container terminal berths in the coming years.
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Busan ditches container tax
Busan has scrapped an unpopular container tax, six years after it originally expired. Busan Metropolitan City imposed the $21.56/teu container tax in 1992 in order to fund road construction at the port.
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Gujarat identifies new port sites
The government of the Indian state of Gujarat has identified Cambay,Mahuva and Sutrapada as new port development sites, as throughput at existing local ports grew by 11.2% to 108m tonnes in 2005-06.
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PSA seals Chennai box contract
PSA Sical has been sent a letter of intent by Chennai Port Trust in respect of the concession to run a second container terminal.
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KERALA PORT PLAN
The Indian state government of Kerala is planning construction of a new port at Beypore, near Kozhikode.This will be taken forward as a joint-venture between the private sector and both the state and national governments.
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BUSAN LURES CMA CGM
Korea''s Busan New Port has attracted CMA CGM to its Phase 2-3 expansion programme, subject to government approval. CMA CGM reached an agreement with Hyundai Industry Development Consortium, developer and operator of four berths of Phase 2-3 at Busan New Port, to invest in the project.The agreement follows a government ...
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SINGAPORE SOFTWARE
A new internet-based service to better predict the state of the currents at a given period, not only on the approaches to the port, but also alongside the berths themselves has proved popular in the Port of Singapore.
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NewsColombo identifies Cochin as major threat
Colombo Port Authority has publicly recognised the threat being posed by DP World''s new box handling facility, Vallarpadam International Transhipment Container Terminal, currently under construction at the port of Cochin. Within eight years, this will handle around 15 times as many containers as it does today.
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State bureaucracy killing Indian orders.
State-run ports in India are failing to provide private sector manufacturers with sufficient work in respect of new crane and equipment construction. A slow decision-making process and onerous terms and conditions in contracts have been blamed for the slowdown,which has led to only limited bids in response to state-issued tenders.
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NewsChennai Port to build wind farm
Chennai Port Trust has announced plans to build a wind farm at a cost of $16.8m. The tender is due to be issued shortly for what will be the first project of its kind undertaken by Indian ports. Chennai Port annually consumes 30m units costing $6.7m, which the governing body ...
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News1,000,000th teu
International Container Terminal Services Inc''s (ICTSI) Manila container terminal celebrates hitting 1m teu for the fifth straight year, proof, it says, of the terminal''s recovering volume growth. ICTSI''s net income for the third quarter was $9.1m, up 25% over the corresponding period in 2005.
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Tianjin returns to PSA for expansion joint venture
Tianjin Port Authority has given its goahead for a third phase expansion of its container terminal at a cost of $840m. The project is being taken forward by Tianjin Port Pacific International Container Terminal, which is a joint-venture between PSA China (49%) and Tianjin Port Group (51%). It involves construction ...
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NewsNorthern lights
The port of Hong Kong is being eclipsed but its port operators are still raking it in through smart investments outside of the former number one hub
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NewsLocking horns
Three way tussle around Bohai Bay for box supremacy, as lacklustre port past is swept aside
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NewsLifting eastern fog
There''s more to eastern China''s ports scene than the massive Yangshan, with Taicang,Nantong and Nanjing leading the container pack
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NewsChasing shadows
China''s long shadow has cast traditional marketing strategies in neighbouring Japan,Korea and Taiwan into doubt. Wing Kah-goh finds out how their ports are fighting back
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NewsFighting talk
A five-year plan to boost Taiwan''s ports could move the island back into the premier league
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NewsUnited by Excess
Korean ports must come together to realise the nation''s goal of becoming the centre of Asia''s economic powerhouse
