• 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.”

2015 October 7

15:08 Baltic Fleet warships liquidated imaginary enemy submarine in the course of the exercise
14:41 Vyborg Shipyard completes sea trials of icebreaker Vladivostok (photo)
14:19 Bunker prices at port Novorossiysk slightly down in 41st week (graph)
14:02 M/V "TRADER" refused access to the Paris MoU region
13:47 20 Indonesia surveillance vessels equipped with Transas ECDIS
13:23 Coal exports from Russia down 2.2% to 112.566 mln t in 9M’15
13:02 UN require Shippers to declare verified gross weight for all containers
12:44 Alexander Natalenko was elected Chairman of NOVATEK BoD
12:20 Russia's crude exports up 7% to 179.356 mln t in 9M’15
12:02 Tschudi and Unifeeder join forces to create the leading North European shortsea operator
11:28 RF Government revises requirements on the use of small size vessels in seaports
11:02 ZIM to expand its East Med-North Europe service
10:19 Damen Shiprepair & Conversion buys repair yard D. van de Wetering in Rotterdam
10:16 Bunker prices at port St. Petersburg up in 41st week (graph)
09:47 Boskalis sponsors 3rd International Forum of Dredging Companies
09:31 Baltic Dry Index down to 869 points
09:20 Brent Crude futures price up 5.8% to $52.33, Light Sweet Crude - up 6.0% to $49.24
09:09 Nonius Engineering sponsors 3rd International Forum of Dredging Companies

2015 October 6

18:36 Samskip introduces enhanced rail services between Norway and Europe
18:06 Containerships introduces revised and enhanced sailing schedule for the coming autumn/winter season
17:36 Containerships restarts direct service from and to southern part of UK
17:12 Coal exports via Rosterminalugol terminal hit 13 mln t milestone in 2015
17:06 Abu Dhabi Ports welcomes new cruise season with increased number of passengers and upcoming state-of-the-art cruise terminal
16:48 ZNT Yard delivers SAR boat of Project 23040 to RF Ministry of Defence
16:29 MacGregor to supply deck machinery for a new 65m emergency rescue & response vessel for Sentinel Marine
16:27 DOF Subsea takes delivery of Skandi Africa and commenced on a 5 year time charter contract to Technip
16:17 Damen Shiprepair & Conversion acquires D. van de Wetering
15:54 Vympel Shipyard launches yet another Chibis-class boat of project 21850
15:30 Egypt expects $150 bn to be invested in coastal and Canal zone development projects
15:27 Odessa port (Ukraine) plans boosting grain transshipment to 12.5-13 mln t by 2038
15:00 Ships of Russia's Black Sea Fleet conducted exercise in the Mediterranean Sea
14:35 Throughput of port Yuzhny (Ukraine) up 4.5% to 35.5 mln t in 9M’15
14:10 NOAA, Deepwater Horizon Trustees announce draft restoration plans for Gulf of Mexico
13:51 Bunker market of Far East ports sees slight price movements in early 41st week (graph)
13:29 Throughput of Rostov-on-Don port down 9.1% to 12.39 mln t in 9M’15
13:10 Mojo Maritime tests its Mermaid marine operations project planning tool
12:47 Throughput of port Temryuk up 35% to 2.052 mln t in 9M’15
12:30 Crowley awarded vessel management contract by Military Sealift Command for ROCON fleet
12:03 Sharjah and Canaveral Ports Authorities sign ‘Sister Ports’ cooperation agreement
11:58 Jan De Nul Group sponsors 3rd International Forum of Dredging Companies
11:30 MOL, Gas Sayago reach basic agreement on continuing Uruguay LNG FSRU Project
11:00 Port of Oakland gets US$277,885 to upgrade cargo-handling equipment and reduce exhaust emissions
10:49 Throughput of Oktyabrsk seaport (Ukraine) down 0.6% to 4.98 mln t in 9M’15
10:31 International Association of Dredging Companies supports 3rd International Forum of Dredging Companies
10:13 Brent Crude futures price down 0.05% to $49.23, Light Sweet Crude – down 0.211% to $46.17
09:58 The CMA CGM Group and Armor Lux launch a co-branding partnership on the occasion of the CMA CGM BOUGAINVILLE inauguration
09:54 BIO-SEA wins a new contract with the French Piriou shipyards
09:38 Marine Façade (Saint-Petersburg) welcomed 25 cruise ships in September (photo)
09:16 Baltic Dry Index down to 881 points
08:13 P&O Ferries reports highest ever volume of freight traffic between Dover and Calais in third quarter 2015

2015 October 5

18:12 Wärtsilä launches innovative approach for hydropower & industrial plant operators
18:08 OOCL provides information on the recovery plans of Asia-Europe services
18:05 Port of Helsinki applies for a temporary court order against Finnlines' subsidiary Finnsteve
18:03 Kalmar to upgrade eight ship-to-shore cranes for MSC Terminal VLC (Valencia) in Spain
18:02 Russian Railways President says the Company is ready to create additional opportunities to attract customers
18:01 KOTUG and Becker Marine Systems signed MOU to introduce a LNG Hybrid Barge
17:44 The 2015 tourist season at the Port of Gdansk comes to an end
17:21 5th St. Petersburg International Gas Forum (SPIGF) takes place on October 6–9
16:50 Port of Gdansk welcomes delegation of Taiwanese Ministry of Finance and maritime industry
16:19 Cargo transportation within Azov-Don River Basin down 36.2% to 7.028 mln t