Latest News – Page 1076
-
News
Learning Curve
It is interesting to note that an officer of Kenya Ports Authority has suggested that congestion problems in Dar es Salaam are worse than those prevalent in Mombasa, and that as a result privatisation may not be the right road for the Port of Mombasa to go down. He suggests ...
-
News
ICTSI swoops on Shandong terminal
Global port operator International Container Terminal Services Inc (ICTSI) has bolstered its Asian port holdings with a majority share in a Chinese operator.
-
News
China's bright star still shining
"China''s port industry shows a promising future", a recent report from Research in China has found. The study estimates that China''s port handling capacity will increase by 80% or more from 2006 to 2010 and by 2010 the annual handling capacity of Chinese ports will top 6bn tonnes. Container handing ...
-
News
Klang and Incheon pool resources
Port Klang and Incheon Port have signed a Memorandum of Understanding (MoU) to improve trade, traffic and services between the two ports. Last year, Port Klang handled 22,000 teu from Incheon Port, a rise of 37.5% from 16,000 teu in 2005. Total throughput from South Korea was 142,000 teu in ...
-
NewsOOIL terminal division sale awaits official seal
Hong Kong-based Orient Overseas (International) Ltd (OOIL) deal to sell its terminal division to Canada''s Ontario Teachers'' Pension Plan for $2.35m is awaiting approval from shareholders and competition authorities.
-
News
WEST BENGAL FEASIBILITY
The tender for a feasibility study for a deep-water port in West Bengal has attracted bids from consultancy firms in the US, Europe and China. In addition to drawing up the report, the winning bidder will have to maintain an association with the project until it is fully implemented.
-
News
INDIANS FINANCE PORTS
India''s private-sector is forecast to invest $7.67bn in the domestic port industry over the next six years.The 276 potential projects will require total investment of $12.4bn, which will be state-funded where possible.
-
News
CHINESE INVEST IN INDONESIA
Two Chinese companies - China National Property Administration Council and Qili Holdings - are making substantial investments in the Indonesian province of Papua. Biak Port will benefit from the construction of a new container terminal.
-
News
HORIZON PRESENCE IN KOREA
Dubai-based Horizon Terminal Ltd recently inaugurated its joint-venture Horizon Taeyoung Korea Terminals in partnership with the Taeyoung Group, expanding the company''s terminal network in the Korean port of Ulsan. A 130,000 sq m expansion area will be created, capable of accommodating vessels of up to 30,000 dwt at a cost ...
-
News
CHINA SHIPPING SEEKS MALAYSIAN OPPORTUNITIES
China Shipping Terminal Development, part of the China Shipping Group, is rumoured to be negotiating an equity stake at the Malaysian port of Tanjung Pelepas, although this has been officially denied.The company is also in talks with Port Klang box terminal operator Westport, with the same aim in mind.
-
News
SHANGHAI SHARES UP
Shares in Shanghai International Port (Group) Company Ltd are now being traded on stock exchanges in both Shanghai and Shenzhen.Despite being valued at above the company''s initial expectations, the shares rose by 3% in early trading.
-
News
SHENZHEN CONCENTRATES OWNERSHIP
DP World is to sell a stake in two of its three Shenzhen terminals for $229m to China Merchants Holding, which has also agreed to the purchase of further equity currently held by minority shareholder Swire.This would allow three box facilities to merge ||under the Mega SCT name.
-
News
INDIAN MINOR PORTS BOOST
As part of India''s National Maritime Development Programme,¢ 89m is to be invested in a number of projects at minor ports. India has 12 major ports and 185 minor ports, although only a few of these latter facilities are open year-around.Nevertheless, this group handles 25% of all traffic, amounting to ...
-
News
TUTICORIN SECOND BOX FACILITY
Tuticorin has been given permission to convert its number eight berth into a second container terminal on a build-operate-transfer basis. Five companies, including PSA-Sical and DP World, are in the running for the ¢ 25.93m project.
-
News
GULFTAINER IN PAKISTANI JV
Sharjah-based Gulftainer has agreed a joint-venture with the Pak Shaheen Group of Karachi to bid for logistics and transport contracts in Pakistan.
-
News
Crane chaos in Chittagong
Four new gantry cranes operated by Chittagong Container Terminals are being underutilised because of the non-corporation of stevedores and also because of the lack of coordinated back-up services.
-
News
Indonesia initiates new infrastructure projects
The government of Indonesia is seeking to raise almost ¢ 600m to build what will become the country''s largest port in Banten province. Eight international investors and eight located locally have submitted letters of interest for a contract involving a joint-venture with the port.
-
NewsBusan to open new berths
Three new berths are expected to open at the South Korean port of Busan this month. Doubling existing capacity to 2.4m teu, these berths will be operated by Pusan Newport Company, in which DP World is a major shareholder.
-
News
Penang invests in port growth
Penang Port in Malaysia is to invest $277.78m over the next five years in infrastructure upgrades.
-
News
DP World steps back from Pakistan
DP World has rather surprisingly withdrawn from the bidding process at Pakistan''s Gwadar port. Publicly, it claims this was done for commercial reasons, although there were serious concerns in India about the company''s presence in neighbouring Pakistan given that DP World also manages several terminals in India.
