• 2012 July 18 19:13

    ICTSI expects concession agreement for Nigerian port in August

    International Container Terminal Services, Inc. (ICTSI), which has proven to be the trailblazer in the Philippines and abroad, invests $ 300 million for the container terminal in Nigeria and express interest to bid for Davao port, PNA  reports.
    ICTSI Chairman and President Enrique K. Razon Jr. said ICTSI is pursuing the ongoing privatization opportunities in Africa.
    A number of African countries has been opening up their gateway ports to privatization.
    “We are now negotiating the final concession agreement for container terminal in Nigeria. It’s a sub-concession with Tolaram group, having a joint venture with the Nigerian Ports Authority,” Razon said.
    “We hope to finalize the concession agreement in August. Investments amount to $ 300 million,” he added.
    The African region provides good opportunity for growth and ICTSI is bent on participating in such growth.
    In the country, the Philippine Ports Authority (PPA) plans to bid out the Davao port also known as Sasa Wharf.
    PPA General Manager Juan Sta. Ana said the Davao port modernization project is submitted to the National Economic Development Authority (NEDA) board's Investment Coordination Committee (ICC) for approval.
    “We will have it bid,” Sta. Ana said.
    “We want to bid. We don’t want no bidding,” Razon stressed.
    ICTSI’s subsidiary, the Davao Integrated Port Stevedoring Service Corporation (DIPSSCOR), handles the cargo handling of the said port.
    The Department of Transportation and Communications (DOTC) prepared the Terms of Reference for the port’s privatization.
    PPA Davao said volume growth at Sasa wharf is at a rate of seven to 10 percent every year for the last eight years.
    The Port of Davao has a total cargo throughput of 5.194 million metric tons in 2010.
    Shipping lines such as American President Lines (APL) and Maersk Lines are pushing for the port privatization due to congestion.
    The vessels average waiting time before discharging at the port is around 40 hours and they spend extra time, tantamount to additional bunker fuel cost.
    ICTSI is also preparing the Manila International Container Terminal (MICT)’s berth 7 in case of accelerated growth in Manila.
    “Despite our expansion overseas, we remain bullish on the Philippines and it will always be our priority. And when the time comes for even brisker Philippine trade, the MICT will be ready with berth 7,” said Razon.
    “We’re looking at spending around P3.5 billion to P4 billion for berth 7, because we see continuous growth,” he added.
    ICTSI is also promoting heavily on its Subic port to be able to entice more shippers to use its new container terminals 1 and 2 (NCT1 and NCT2) with combined capacity of 600,000 TEUs.
    Businessmen said in order to increase the cargo traffic in Subic and Batangas port, PPA must issue a policy to shift foreign cargoes from the Port of Manila to Batangas or Subic.
    Christian Gonzalez, ICTSI Vice President and MICT general manager, said ICTSI makes sure that the necessary capacity in ports they operate are in placed.
    “If Subic port grows, we will be there and we will bring the capacity. We don’t make two ports, MICT and Subic compete against each other. The market will drive where the volume goes,” he said.
    Razon said “MICT will serve the cargo traffic volume in Manila, but you have markets in Central Luzon and Southern Luzon for Subic, which they hope to grow as well.”


2014 December 22

18:06 CMA CGM connects all continents with Malawi every week
17:50 Cargo transportation by Crimea’s water transport up 36% to 595,500 t in Jan-Nov’14
17:36 SAMWAF Line to call at Lobito, Angola
17:06 IMO Secretary-General welcomes revised shipping industry stance on ballast water
16:49 Throughput of Ukraine’s river ports up 25.6% to 4.87 mln t in Jan-Nov’14
16:26 Nantong Cosco joins the Ultra8 Pool
16:05 Nordic American Tankers signes an agreement for the building of two new suezmax tankers
15:40 EPN to take delivery of new Damen tug and dredger
15:17 KONTUR SPb LLC licensed for loading/unloading of hazardous cargoes onto/from railway transport
14:39 Container throughput of port Hong Kong (China) up 0.7% to 20.43 mln TEUs in Jan-Nov’14
14:14 Water transport of Ukraine carried 0.6 mln passengers in Jan-Nov’14 (-13.3%, y-o-y)
13:27 Throughput of Chinese ports up 10.5% to 10.23 bln t in Jan-Nov’14
13:05 Hapag-Lloyd completes capital increase
13:02 Average wholesale prices for М-100 HFO down to RUB 7,583 in RF spot market
12:40 Cargo transportation by Ukraine’s water transport up 3.8% to 5.6 mln t in Jan-Oct’14
12:08 Nakilat to build 11 vessels for new port project
12:03 World's first high speed LNG fuelled RoPax ferry to be powered by Wärtsilä
12:01 The world’s largest sugar carrier arrives to Jebel Ali port
11:30 Construction of the boiler station has been completed at port Bronka (photo)
11:01 PETRONAS, VOPAK and Dialog sign agreement to jointly develop an industrial terminal
10:38 Vladimir Putin orders to put missile-carrying submarines Vladimir Monomakh and Alexander Nevsky on combat duty in 2015
10:22 IPC, Mitsui , NYK Line & PSA to jointly develop new container terminal in Jakarta
10:15 Vladimir Putin says military infrastructure on Arctic islands is to be completed in 2015
09:59 Throughput of Russia’s river ports down 12.3% to 151.9 mln t in Jan-Nov’14
09:31 Scope of dredging at inland water ways of Russia up 1.5 times to 3.5 mln cbm in 2014
09:17 Oil price up to $61.38 in London and up to $57.13 in New York
09:04 Baltic Dry Index down to 803 points

2014 December 21

12:46 Hapag-Lloyd enhances Asia – South Africa Express (SA1/SA2)
11:43 Havyard to build a service vessel for Dudgeon wind farm
10:34 Boskalis awarded contract for Wikinger offshore wind farm
09:29 Vroon announces delivery of VOS Glamour

2014 December 20

22:22 Teekay Petrojarl contracts Damen Shiprepair Rotterdam for the ‘EPC Redeployment Upgrade’ of its FPSO Petrojarl I
12:38 CMA CGM announces Peak Season Surcharge from Asia to South Africa and Indian Ocean
11:35 Statoil awards Mariner drilling and well services contract to Schlumberger Oilfield UK
10:30 Ulstein Verft’s largest vessel ready for big scale construction
09:36 CMA CGM announces GRR from all Asian ports to Red Sea trades

2014 December 19

18:05 Ocean Yield ASA sells the seismic vessel Geco Triton
17:50 Cargo transportation by inland water ways of Russia down 8.8% to 122.3 mln t in Jan-Nov’14
17:45 Hapag-Lloyd informs about week without sailing on its Japan Express Service
17:35 General Dynamics NASSCO starts construction of APT-2 ECO Tanker
17:22 Marine Engineering Bureau – SPb designs two new railway ferries for Crimea-Kavkaz line (graphics)
17:05 Mitsui to participate in new container terminal development in Jakarta jointly with Ipc, Nyk Line & Psa
16:53 Hapag-Lloyd informs about a week without sailing on its South China 2 Service
16:50 IACS OKs two URs for bulk carriers and oil tankers, to enter into force on July 1, 2015
16:35 TTS Group ASA secures contract for the delivery of one 800 tonne Leg-Encircling Crane
16:16 RF Transport Minister says Murmansk will become major port hub for Russia to take hold of continental shelf and NSR
16:05 BMT TITRON designs 'Mama Vessels'
15:49 Preliminary figures indicate 5% increase of Russian seaports’ throughput to 620 mln t this year, RF Transport Minister says
15:35 SAMWAF Line to call at Lobito
15:30 MOL implements new rotations of the East Japan Korea Thailand Service and a new Manila feeder service
15:27 Teekay Tankers agrees to acquire five modern Aframax tankers
15:23 Manga Terminal Oy to construct LNG terminal in Tornio, Finland
15:22 Novorossiysk-Sevastopol container line launched to link Crimea with mainland
15:15 Damen Shipyards Galati wins prestigious Dutch Romanian Business Award
15:02 THC in Russian Far East ports to be revised for all cargoes as from January 18th, 2015 - CMA CGM
14:46 Repair of nuclear-powered submarine Yekaterinburg completed at Zvezdochka shipyard (photo)
14:19 The first Damen Stan Patrol 3007 arrives at Damen Shipyards Gorinchem in the Netherlands for outfitting
14:15 Wärtsilä receives full notice to proceed for its first LNG terminal in Tornio, Finland
13:22 Cecon to complete Hull 719 project
12:19 Russian Railways cut transport costs by 0.7% in 2014, Yakunin says