Asia – Page 77
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NewsIndia earmarks $10bn of investment
In the next six years, India plans to invest $10 billion in upgrading port facilities to meet the demands of its growing economy. The country''s 12 largest ports, which account for 75% of all trade, will source much of the investment abroad.
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Gwadar seaport to open in June
Work has already begun on the $24 million third phase programme; phase one cost $30 million and phase two $17 million.Pakistan has revealed that its new Gwadar deep seaport should become operational in June. There are already in place facilities for handling containers, general cargo and dry bulk. The port, ...
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NewsChinese container clusters planned
The Chinese Communications Minister Li Shenglin has revealed the government has a policy aimed at creating two new port ''clusters'' to add to the three existing ones centred on Shanghai, Shenzhen and Tianjin.
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NewsFeeder surcharge at Chittagong
Feeder vessel operators are threatening to slap a $130 surcharge on each TEU that they have to handle at the port of Chittagong unless congestion there decreases within the next month. At present, feeder lines such as QC Container, HRC Shipping, Orient Express, Advanced Container and Sea Consortium charge $300 ...
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SHIPPER ACTION
APM Terminals, CMA-CGM, DP World, ETA, ICTS, Gammon Infrastructure, IL&FS, GVK, Soma Enterprises and Concor are all interested in bidding. Indian shippers are hoping to employ new draft legislation, the Shipping and Trade Practices Act, to stop the current practice of lines collecting terminal handling charges.
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DP World to invest $450m in Kochi
DP World is expected to issue a tender for the design of a $450m container terminal in the Indian port of Kochi, which is located in the southern state of Kerala.
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PSA BOND ISSUE
Part of the Port of Singapore Authority''s recent purchase of a stake in Hutchison Ports (see International Terminal Operator story this issue) is to be financed by an offshore bond.
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PENANG
This will enable financial closure to take place for the first phase of the port project five years after it started operations in April 1999.Completion of the North Butterworth Container Terminal phase 2B is expected to boost cash flow at Penang Port Sdn Bhd by up to US$24m. The cash ...
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New box terminal for Kaoshiung
Kaohsiung Harbour Bureau has issued terms covering bids for the first phase of the new International Container Terminal.
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CMA CGM eyes Indonesian hub port project
CMA CGM is now the only party interested in setting up an international hub port at Batam in Indonesia. Other potential investors failed to put forward bids for what is a US$218m project.
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NewsNamPort secures US loan
Walvis Bay: another aspiring hubThere are inherent difficulties with the bid which requires certain conditions that the Indonesian government might find difficult to approve.The United States Trade and Development Agency has awarded Namibian Ports Authority (NamPort) a grant of $400,000 for port development and expansion projects. NamPort is trying to ...
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NewsIndian ports struggle to keep up
Remarkable growth in container trade has focused minds on the need for massive investment in the region''s ports. Nick Elliott reports.
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NewsPRIVATISED CARGO HANDLING AT KPT
Karachi Port Trust: a step towards privatisationAs readers of PS will have noticed, South Asian port development projects - India in particular - almost warrant their own news department in the magazine. Nevertheless, berth congestion appears to be on the increase at major ports throughout India. For the nine months ...
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NewsKANDLA ACCELERATES EXPANSION
Kandla is speeding up its € 946m expansion programme in an attempt to boost cargo handling capacity by 32.4m tonnes over the next five years which will give it a total capacity of 73.6m tonnes. This will require the construction of new berths, the development of a satellite port at ...
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MULTI-PURPOSE BERTHS FOR CALCUTTA..
As readers of PS will have noticed, South Asian port development projects - India in particular - almost warrant their own news department in the magazine. Nevertheless, berth congestion appears to be on the increase at major ports throughout India. For the nine months ending December 2005, the average vessel ...
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NewsPOTENTIAL TAX BREAKS ON OFFER AT GWADAR
Pakistan''s government is considering extending tax and investment packages to benefit Gwadar Port, although no details are to be released in the near future. In addition, the Minister responsible has made it known that operations at the port will almost certainly be privately operated and that negotiations were underway already ...
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Pakistan seeking a conduit role
The government of Pakistan has asked Karachi Port Trust, Port Qasim Authority and Pakistan National Shipping Corporation to put forward plans to make the country''s ports and shipping industry more efficient and cost-effective as soon as possible. The government has already introduced reductions in port and freight charges to boost ...
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SETHU CANAL TO GET EXTRA DREDGING
Pakistan's Standing Committee on Ports and Shipping has praised the recent performance of Port Qasim Authority, saying the port has proved itself to be very efficient, cost competitive and having great potential vis-a-vis competing regional ports. The committee also emphasised that established procedures were being followed and that the PQA ...
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..AND NEW EQUIPMENT TOO
Calcutta Port Trust is to undertake a major investment in the Calcutta Dock System, involving MHCs, RTGs, reachstackers and terminal tractors/trailers. One RTG will enter operation by May, bringing to four the number of RTGs available within the Dock. At present, there are seven reachstackers operational. of which two are ...
