World News – Page 425

  • Figure 1: Conditions for investment - Container sector growth forecast
    News

    Eastern Allure

    2007-04-01T16:26:00Z

    India has the promise that port investors look for but there remains significant scope to enhance its attractiveness. Mike Mundy reports There is no disputing that India needs new port capacity and where new port capacity is needed there are opportunities.

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    DPW to boost traffic by 50% over three years

    2007-03-03T16:26:00Z

    DP World''s chairman, Sultan Ahmad Bin Sulayem,has revealed that over the next three years the company intends to boost its global container throughput by 50%.

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    Ex-PSA managers boost Aden throughput

    2007-03-01T16:26:00Z

    Overseas Port Management (OPM), managed by several ex-PSA executives, has been granted a one-year extension to its three-year contract at Aden Container Terminal.

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    PORT QASIM SCREENS US BOUND BOXES

    2007-03-01T16:26:00Z

    Following a pilot scheme in February, Port Qasim is expected to start screening US-bound containers from March this year. There will be a live video link between customs authorities in both Pakistan and the US. Containers arriving from Pakistan will then not need to be re-examined on arrival in the ...

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    VICT EXPANDS INFRASTRUCTURE

    2007-03-01T16:26:00Z

    Vietnam International Container Terminal has decided to upgrade infrastructure at its facility in Ho Chi Min City.Work will include extending the quay by 192 metres to 678 metres, thereby allowing the terminal to accommodate four containerships at once. It also intends to acquire additional quayside lift. Current capacity of 450,000 ...

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    OPERATIONS RECOMMENCE AT GOPALPUR

    2007-03-01T16:26:00Z

    A consortium led by Orissa Stevedores Limited has begun handling cargo at the minor Indian port of Gopalpur.Within four years, it plans to have developed facilities to handle 20m tonnes annually,which it claims will be reached by 2012.

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    CONTROVERSIAL PLANS AT MACHILIPATNAM

    2007-03-01T16:26:00Z

    While plans by the state government of Andhra Pradesh in India to build a deepwater port at the town of Machilipatnam have been generally welcomed, the proposed location of the port has drawn controversy.The chosen site requires less dredging than at Gilakaladindi, which is where cargo in the area has ...

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    Disaster recovery plan for MICT

    2007-03-01T16:26:00Z

    International Container Terminal Services Inc and subsidiary Manila International Container Terminal have given the go-ahead for the development of a disaster recovery site through DataOne Asia. The site will allow business to continue in the event of an unexpected disruption in operations.

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    Busan won over by Savitrak

    2007-03-01T16:26:00Z

    Busan marks the latest port to sign up to Savitrak''s Radio Frequency Identity (RFID) service. The product is built on an opentechnology network that captures data from all types of standards-based Automatic Identifica-tion and Data Collection (AIDC) devices, including bar codes, sensors, passive and active RFID and Global Positioning Satellite ...

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    PSA to run Gwadar

    2007-03-01T16:26:00Z

    PSA has received a letter of intent confirming the build-operatetransfer contract to run the Pakistani port of Gwadar as part of a 40-year concession. Three quarters of the $248m project was financed by China.

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    Labour peace returns to Chittagong

    2007-03-01T16:26:00Z

    Bangladesh''s leading port of Chittagong claims to have overcome industrial action by its workers unhappy with plans to privatise operations at the container terminal.

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    DPW EYES WEST BENGAL

    2007-03-01T16:26:00Z

    DP World has revealed that it is seeking new infrastructure projects in the Indian state of West Bengal.The company is already heavily involved in the Kulpi port construction project, which also features an adjacent industrial zone.The company is investing $136m in the first phase of the project, which is scheduled ...

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    SHANGHAI STILL NO.1

    2007-03-01T16:26:00Z

    With throughput in excess of 530m tonnes, Shanghai remains the world''s busiest port for the second consecutive year,with traffic growth of 19.8%. In terms of box traffic, it handled more than 20m teu, which in part was helped by the opening of the 30m teu capacity Yangshan deep water ...

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    JAPANESE INVEST IN ANGOLA

    2007-03-01T16:26:00Z

    The Japanese government is to spend $9m on rehabilitating the Angolan ports of Namibe and Lobito.The former,which was built in 1961, has 680 metres of quay, but its existing container stacking yard is reported to be in very poor condition.

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    KPT DEEPENS DRAUGHT

    2007-03-01T16:26:00Z

    To facilitate the entry of postpanamax ships, Karachi Port Trust is to rebuild berths 14-17 and widen the access channel at Junabunder.At present, the 12.2 metre draught restriction will remain, although dredging will allow up to 16 metres.As part of a second phase upgrade, berths 10-13 will also be reconstructed.

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    Kaohsiung invests to compete with China

    2007-03-01T16:26:00Z

    Competition from China and other Asian countries has prompted the port of Kaohsiung to announce a $1.5bn investment programme, which aims to increase traffic and upgrade infrastructure over the next eight years.  In February, a tender was due to be issued for a four-berth build-operate transfer terminal project worth $364m. 

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    Malaysia tariff control

    2007-03-01T16:26:00Z

    Previous attempts to attract investors in this 2m teu capacity project resulted in just a single bidder, Yang Ming, which wanted to extend the period for building the terminal from seven to 15 years, which was unacceptable to Taiwan's authorities. In 2006, the port handled 9.77m teu, an increase of ...

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    Asian box ports lead world

    2007-03-01T16:26:00Z

    Asian ports experienced an average growth of 11% in container traffic in 2006, with the world''s six leading box handling facilities all located in that region.

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    PSA quits Brunei terminal

    2007-03-01T16:26:00Z

    PSA is to pull out of its concession at Muara Container Terminal in Brunei, which it has operated since 2000. The Singapore-based stevedore will be replaced by Brunei Ports Department personnel with effect from April 1,2007.

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    Fourth JNPT box tender

    2007-03-01T16:26:00Z

    The Indian port of JNPT is to issue a tender in respect of its proposed fourth container terminal by the end of the current year. Expressions of interest have already been received.