• 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.”

2016 October 21

18:32 Ferus Smit launches Arklow Cape ship
18:28 Subsea 7 awarded contract offshore Egypt
18:00 Passenger Port of Saint Petersburg “Marine Façade” holds press conference on navigation results
17:28 EMGS and North Sea Commander Shipping AS agree on new terms for the charter agreement of the Atlantic Guardian
17:17 NCSP Group says its 9M’16 throughput increased by 6.3%, y-o-y, to 110.5 mln t
17:03 Jan De Nul Group sponsors evening reception at 4th International Forum of Dredging Companies
16:49 Transas calls for regulatory compliance for big data connectivity
16:30 Draft rules for equal-opportunity access to port monopolies’ services brought up for public discussion
16:11 GasLog to charter LNG carrier from Centrica, places newbuilding order at SHI
15:54 Port of Gdansk returns from China with yet another LoI
15:32 Contract award for Sea Trucks Group in West Africa
15:10 Cargo transportation by Ukraine’s water transport up 0.6% to 4.8 mln t in 9M’16
14:46 FESCO’s 8M’16 revenue down 28.4% to $351.8 mln
14:18 ClassNK issues AIP for LNG bunkering vessel design
13:44 Rosmorport appoints Yury Akhmedov as Acting Deputy Director of its North-Western Branch, Head of Ust-Luga department (photo)
13:12 The Danish Maritime Authority embarks on a future with unmanned ships
12:46 Total traffic of aluminum via Troitsa Bay Seaport (Primorsky Territory) exceeded 35,000 t this year (photo)
12:18 Bollinger delivers 20th fast response cutter to USCG
11:57 Northern Sea Route traffic to reach 6 mln t in 2016 – NSR Administration
11:09 Bunker market of port Saint-Petersburg shows moderate growth of prices (graph)
10:44 Brent Crude futures price down 0.02% to $51.38, Light Sweet Crude – down 0.14% to $50.56
10:33 Russian Railways supports direct control of prices for stevedores’ services
10:25 Rolls-Royce to power New York’s newest luxury ferry
09:46 Rosmorport’s Arkhangelsk department takes delivery of ice-class buoy tender Kapitan Shershnev (photo)
09:21 Baltic Dry Index up to 849 points
09:12 Mission to Seafarers and DSM announce Teesport joint working pilot

2016 October 20

18:25 Van Oord and GMB install dike pin on HOP section
18:04 Evergreen Line enhances Asia-Australia network
17:58 Port of Gdansk throughput up 4.1% to 27.87 mln t in 9M’16
17:46 ECSA: The Polar Code will protect the environment of the Arctic
17:26 Project department entrusted with new projects
17:10 CMA CGM inks first MoU with ENGIE to promote LNG
16:48 Construction of passenger terminal at Pionersky (Kaliningrad Region) to begin this year
16:29 ABS, SHI conclude JDP for new TLP design
16:12 Poland expects next LNG delivery at Świnoujście terminal
15:53 Russia’s antitrust watchdog threatens some stevedores with higher berth rent
15:37 Shipping industry united in seeking further progress on CO2 at critical IMO meeting
15:32 MABUX: Bunker prices may have some chances to rise slightly next week.
15:21 Nakilat and Shell agree on LNG carrier management transition
14:57 Murmansk Region Development Corporation to purchase a passenger ship for Arctic cruises
14:36 Number of foreign cruise tourists at Russia’s sea and river transport to grow by 10-15% to 800,000 persons in 2016 (photo)
14:18 Panama accedes to global treaty to halt invasive aquatic species
14:02 Crowley to supply Alaska LNG to Alaska Power & Telephone Company’s power plant in Tok
13:19 OOCL updates ports rotation on AAS service between Asia and Europe
12:57 NCSP has fulfilled its obligation to pay interim dividend for the six months of 2016
12:34 Rolls-Royce powered composite vessels enter service with Qatari Coast Guard
12:10 Fuel oil prices are still high at the Far East ports amid the deficit in the region (graph)
11:46 Rolls-Royce to supply first automatic crossing system to Norwegian ferry company Fjord1
11:07 TransContainer carried 1.12 mln TEUs in 9M’16, up 7.3%, Y-o-Y
10:39 CNII Kurs to establish import substitution center for production of shipboard equipment
09:58 Brent Crude futures price down 0.49% to $52.41, Light Sweet Crude – down 0.60% to $51.51
09:16 Baltic Dry Index down to 872 points

2016 October 19

18:00 OPDR announces introduction of its new PENN service
17:31 New warehouse opened at ABP Newport to accommodate continued growth
16:49 New HELCOM assessment on networks of marine protected areas
16:20 Eimskip acquires the reefer logistics company Extraco
15:44 Dredging at port Sabetta scheduled for 2016 completed in full (photo)
15:10 Port of Gothenburg to construct a new road link at the Logistics Park
14:50 Baltic Customs uncovers illegal scheme used to export 12,000 t of bunker without payment of customs dues
14:32 Vroon and Barge Master team up on Next-Generation walk-to-work vessel