Asia – Page 91
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NewsPSA policy shift nets Cosco
PSA Corp' s sale of a 49% stake of its Pasir Panjang terminal to Cosco follows a policy shift by the state-owned operator.
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PSA Corp cuts wages
PSA Corp has negotiated pay cuts with its unions in an effort to be more competitive.
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APL seeking Chinese terminal investments
APL has revealed that it is in discussions with two Chinese container terminals with a view to taking an equity stake.
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Dalian invests
The port of Dalian is to double capacity investing US$1.45bn in the next five years having already invested US$143m on box handling facilities. Dalian Container Terminal and Dalian Dagang Container Terminal handled a combined 1.3m TEU in 2002, the 13% boost in throughput effectively pushing the terminal to saturation point.
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Major upgrade for Laem Chabang terminals
The Port Authority of Thailand has earmarked 16bn baht (US$385m) to convert Laem Chabang into a dominant regional hub.
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Funding for Pusan project
Pusan Newport Co (PNC) has received financial backing of US$480m for the construction of its new terminal in Pusan.
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NewsChinese ports reaching saturation point
Shanghai handled a record 912,000 TEU in April, a month-on-month rise of 35%.
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Cochin Concession Talks
The long talked about new container terminal concession in Cochin, India, is the focus of interest on the part of CSX World Terminals and APM Terminals, sister company of Maersk Sealand.
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Colombo recovers transhipment traffic
A series of tariff initiatives, more aggressive marketing and improvement in productivity are allowing Colombo to recover transhipment traffic lost to other regional competitors.
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Scott Wilson appointed for Colombo expansion
The Ministry of Port Development and Shipping in Colombo has signed a US$ 10 million contract with British consultant Scott Wilson to realise plans for the development of the Port of Colombo over the next 20 years.
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Colombian increase
Public terminals at Barranquilla, Cartagena, Santa Marta and Buenaventura reported a 10% across the board rise in exports to 3.07m tonnes during the first quarter although this figure excludes coal.
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Tanjung Pelepas Boost
The Malaysian Port of Tanjung Pelepas (PTP), which has become an increasing thorn in the side of the nearby Port of Singapore, reports a 37% growth in throughput for the first half year compared to the same period last year.
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Karachi has new container terminal
The International Finance Corporation, the private sector arm of the World Bank, has loaned US$9.25m to the Pakistan International Container Terminal (PICT) project in Karachi which is being developed as part of a 21-year concession.
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Portek to operate Makassar
Singapore-based Portek International has secured a contract from Indonesia''s Pelindo IV to jointly operate a container terminal at Sulawesi''s port of Makassar which handles close to 200,000 TEUs annually.
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OnePort to Enhance Hong Kong's Competitiveness
Major Hong Kong terminal operators Hongkong International Terminals (HIT), Modern Terminals Limited and COSCO-HIT Terminals (Hong Kong) Limited have formed a new joint venture company, OnePort, that will provide an open, secure and neutral platform for electronic information exchange between all port users.
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PSA acquires stake in ESCO Laem Chabang
PSA Corporation has made an undisclosed investment in Thailand''s Laem Chabang container port which will help PSA consolidate its presence in the regional market where the competition have been busy lately.
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Accelerated Korean Development
A new port authority is to be set up in early 2004 in Busan and Gwangyan, South Korea in order to speed up the development of a new container terminal and general cargo complex in the area.
