Asia – Page 86
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Inflexible decision-making dogs Indian ports
India''s recently published Economic Survey 2003-2004 highlighted the main problems faced by the country''s 12 leading ports - Kolkata (Calcutta), Chennai, Cochin, Ennore, JNPT, Kandla, Marmagao, Mumbai, New Mangalore, Paradip, Tuticorin and Visakhapatnam - which handle 76% of national port volumes.
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NewsICTSI sees 100%+ increase in half-year profits
ICTSI has doubled its half-year profits compared to the same period in 2003. The company''s international operations in Gdynia, Poland and at Tecon Suape, Brazil made a significant contribution to the result. ICTSI reports that net profits for the first half of 2004 were $8m, up 101% compared with $3,98m ...
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IRANIAN DEAL FOR ALPS
Ironically, while PSA Corp is backing out of India - see preceding story - a consortium of Indian companies has taken their expertise overseas and signed a deal to set up a container terminal at the Iranian port of Chabahar.
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PTP REPORTS RECORD GROWTH
The Tecon Suape terminal reported profits for the first time with these following on from a significant increase in cargo throughput and positive management initiatives on the part of ICTSI to introduce more efficient operational procedures and working practices.Malaysia's PTP, Singapore's new rival, reported a 25% first half throughput increase ...
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SHANGHAI EXPECTS
The Tecon Suape terminal reported profits for the first time with these following on from a significant increase in cargo throughput and positive management initiatives on the part of ICTSI to introduce more efficient operational procedures and working practices.The latest traffic forecast from Shanghai estimates a container throughput of 14mTEU ...
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PSA pulls out of India
Indian port news is plentiful this month with the " ins and outs" of investment strategy, congestion issues, new development plans and mooted institutional change in port authority operating structures, all generating items of interest.
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P&O Ports signs for Bengal box terminal
The international terminal operator that has shown most commitment to India is P& O Ports and it has just reaffirmed this by securing the rights to become an investor in Bengal Port Ltd (BPL). In early August, according to a P& O Group announcement, P& O Ports signed development and ...
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PARADIP CLOSING DATE
15 September 2004 is the closing date for qualifying bids for a BOT project for the construction of a new iron ore export facility at Paradip on India''s east coast.
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SHENZHEN CONTINUES TO CLIMB
The Chinese port of Shenzhen reported a 32% first half throughput growth with a total of 6.06mTEU, in line with expectations. The port''s three terminals forecast reaching at least 13mTEU by the end of the year.
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INCHON PHASE ONE OPENS
Phase I of the Inchon Container Terminal (ICT), located 30km from the South Korean capital of Seoul, has opened for business.
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Jan De Nul
Belgian dredging contractor Jan De Nul has recently been awarded more than € 200m worth of contracts. In Hong Kong, landfall dredging and close to 1.5m tons of rock-dumping has to be executed for the gas pipeline connecting the Guangdong Liquefied Natural Gas Terminal located at Cheng Tou Jiao (Shenzhen) ...
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NewsSTRUCTURAL CHANGES BRING NEW CHALLENGES
The growth in scale and complexity of Asia''s container terminals is providing the ports of the region with massive new challenges - and new opportunities. Steve Meyrick tells the story.
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ADANI OPTS FOR SMALLER IRON ORE TERMINAL
China Shipping initially deployed 5,500TEU vessels on its Far East-North Europe service which called solely at Valencia.India's Adani Group has chosen the small Belekeri jetty in northern Karnataka state rather than the larger port of Mormugoa to concentrate exports of iron ore to China saying the facility is experiencing too ...
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MUMBAI'S LUXURY MARKET
The Indian government has added Mumbai to a list of ports now licensed to handle new vehicle import traffic.
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APL cuts new deals in China and India
APL and Chiwan Container Terminal (CCT) have signed a 20-year agreement which will give APL additional efficiency and berth capability at the western Shenzhen port of Chiwan. CCT, in turn, will benefit from APL''s business expansion and container volume growth in western Shenzhen and the Pearl River Delta. Parent NOL''s ...
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FOURTH TERMINAL FOR KARACHI
The tender will combine BOT with concession contracts but is for all six terminals as a single contract and operators will not be able to bid for individual terminals. The tender closes on 1 September.Karachi is to build a fourth container handling facility, which will be known as the Country ...
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SINGAPORE TO INVEST IN MYANMAR PROJECT?
Survey work has commenced on a deep-sea port project at Mawlamyine in the southern Myanmar state of Mon. The new facility is intended to contribute to a major eastwest trade route across southeast Asia which links Vietnam''s Danang Port in the east to Mawlamyine in the west. These two points ...
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LI KA SHING GOES SHOPPING AGAIN
Li Ka Shing''s Hutchison Whampoa (HWL), parent company of HPH, is buying a 12% stake in South Korea''s Hyundai Merchant Marine (HMM). The move follows his recent acquisition of 15% of China Shipping Container Lines and his disposal of 5.6% of Orient Overseas Container Line.
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COSCO SET FOR EUROPEAN INVESTMENT
Port of Rotterdam ceo Willem Scholten: "This an extremely important agreement. The expansion will give businesses the opportunity to grow in Rotterdam. Maasvlakte 2 will be an excellent location. Right on the sea, and with good hinterland connections.COSCO Pacific is said to be negotiating to take a 2025% shareholding in ...
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NewsCSXWT increases stake in Pusan
CSXWT has purchased an additional 0.5% equity in Pusan Newport Company, the concession consortium for the development of the Pusan New Port project in Busan. The transaction brings CSXWT''s shareholding in the project to 25%. Samsung Corporation also holds 25% in the consortium. In addition, CSXWT holds exclusive right to ...
