Asia – Page 91
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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.
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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.
