Asia – Page 90
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News
Concor opens in Calcutta
Indian Railways'' owned Container Corporation of India (Concor) is to open a new intermodal terminal at Calcutta Port''s Kidderpore Dock. This will occupy a 30-acre site and handle 26,000TEUs in its first year of operation.
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TT Club reduces estimates on Maemi claims
The TT Club has confirmed that its latest assessment of claims resulting from Typhoon Maemi, the devastating storm that hit South Korea in September, is substantially reduced from the initial estimates of $40-50 million with the likely level of claims faced by the mutual not expected to exceed $25 million.
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NewsChinese Typhoon
Gavin van Marle reports on the scramble for additional container terminal capacity in China.
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APM leases Shanghai berths
APM Terminals has leased six berths at Shanghai''s Waigaoqiao Container Terminal complex for a period of 50 years from Shanghai Port Container Company.
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Chittagong to get gantries
Construction of Chittagong''s New Moorings container terminal is due to start this year and be completed by December 2005.
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Asia: 'The way forward'
A study into the drastic fall in infrastructure investment in Asia since the currency crisis of 1997 has been initiated by the region''s three major development financial institutions. Both public and private sector financing for infrastructure have fallen despite the huge need for infrastructure development in the Asia-Pacific region and ...
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Confusion in Qingdao
Qingdao Port Authority (QPA) has confirmed its decision to award a major expansion contract, Qianwan Phase IV, to a consortium after the same project was apparently awarded to CSX World Terminals by the Qingdao municipal government.
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NewsIndia adds terminal capacity
P& O Ports will not be interested in a new container terminal development at the Indian port of Hazira, which it says is " not a viable site" given adverse tidal and weather conditions. The company reports that it had looked three times at Hazira before rejecting it. To give ...
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PSA out-manoeuvred in Shanghai..
Confusion surrounds the $12.07bn development of a new 54-berth deep-water port on Yangshan Island, which will be connected to Shanghai via a new 30km bridge.
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JNPT backtracks on MGT
Jawaharlal Nehru Port Trust (JNPT) has dropped proposals to adopt the Minimum Guaranteed Throughput (MGT) formula as part of bid conditions linked to the construction of the third container terminal.
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NewsCHINA HOOVERS UP WORLD IRON ORE PRODUCTION
Alex Hughes talks to major iron ore exporters and finds them all responding to China''s spectacular demands
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China signs CSI
China has formally joined the Container Security Initiative (CSI) to target and pre-screen containers shipped from Shanghai and Shenzhen to US ports.
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NewsCSCL
China Shipping Container Lines (CSCL) has confirmed Malta Freeport as its hub for Mediterranean transhipments. CSCL will operate a weekly pendulum service linking Asia, the Mediterranean and the North American West Coast calling Malta weekly. The service is expected to generate a throughput of 100,000 TEUs annually.
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Tianjin to double capacity
Tianjin is to invest $2.18bn to expand its facilities to rival those of Shanghai. At present the northern port is China''s fourth largest having handled total traffic of 129m tonnes in 2002.
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ICTSI boosts revenues
Improved top line revenues resulting from continuing volume growth combined with minimal increases in operating costs have enabled ICTSI to produce consolidated gross revenues of $64m, up 38% over last year''s first half revenues.
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NewsJNPT gets third box terminal
The third container terminal being developed by India''s Jawaharlal Nehru Port is almost certain to be offered as a concession based on minimum guaranteed throughputs (MGTs), rather than revenue sharing.
