• 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 August 1

12:48 SENER concludes the Almirante Irizar icebreaker engineering works for re-outfit and overhaul
11:31 DryShips announces settlement of $120M affiliate loan, suspention of ocean rig dividend
10:12 Port of Houston Authority throughput likely to reach nearly 20 million tons

2015 July 31

18:37 Subsea 7 awarded contract offshore Egypt
18:05 Georgia Ports Authority to have new inland teminal in 2018
17:56 LNG carrier “Amur River” departs for his first voyage under Sakhalin-2 project (photo)
17:39 Ship calls at Lerwick port grew in H1 2015 by 7%
17:15 Hyundai Glovis visits the Port of Gdansk
17:14 OSBIT completes delivery of two well intervention systems to Helix
17:06 Rosmorport announces tender for construction of ice barriers at port Sabetta
16:54 Operator of accommodation vessels Prosafe posts operational update Q2 2015
16:32 LR first class society to certify small commercial ships operating in the Caribbean
16:18 Avvashya Group's logistics operator announces new executive appointments
16:00 Russia’s Black Sea Fleet gets new harbor tugboat RB-365 built by Leningrad Shipyard Pella (photo)
15:44 BBC Chartering inaugurates its new office in Vietnam
15:39 Technip reports Q2 2015 results
14:59 CSCL places orders for eight boxships with Shanghai Jiangnan Changxing Shipbuilding
14:13 MARAD announces public scoping meetings for proposed Delfin LNG deepwater port export facility
13:51 Shipyard Morye (Crimea) to sign contract worth RUB 2.7 bln, says Crimean PM (photo)
13:20 Record-breaking result achieved by Port Vysotsky (Leningrad Region)
13:04 Yinson Heather Ltd enters into proposed joint venture with FVSN
12:47 Rosmorport holds meetings dedicated to construction of diesel icebreakers
12:29 Gobbler scoops up two awards at Seawork 2015 exhibition
12:16 Fratelli Neri orders first Damen ASD 3212 Tug with Render Recovery winch in Mediterranean
11:39 MARAD provides $500,000 to study hydrogen fuel cell technology for maritime applications
11:27 Bollinger Shipyards delivers the 14th FRC to USCG
10:49 Bunker prices at port St. Petersburg go down in late 31st week (graph)
10:21 Brent Crude futures price down 0.83% to $52.87, Light Sweet Crude - up 0.92% to $48.08
10:04 RF Ministry of Agriculture eyes introduction of legal restrictions on fish exports via foreign ports
09:30 Baltic Dry Index down to 1,100 points
09:18 Damen's Vietnam shipyard launches multipurpose Damen RoRo 5612 for Royal Bahamas Defence Force
09:06 NOL reports net profit of $890M in 2Q 2015

2015 July 30

18:56 ClassNK releases Guidelines for CNG Carriers
18:14 DOF Subsea and Subsea 7 enter time-charter agreements for three vessels
18:03 Construction of water treatment facilities’ buildings completed at Port Bronka (photo)
17:47 Port of Long Beach celebrates environmental successes
17:15 Euronav reports preliminary results for Q2, H1 2015
17:08 Technip awarded offshore brownfield and subsea tie-backs for PETRONAS FLNG1
17:04 Port Yuzhny (Ukraine) plans attracting some $3 bln of investments
16:58 Rolls-Royce appoints Alan Davies as a Non-Executive Director
16:11 Kirby Corporation announces Q2 performance results
15:44 Bunker prices slide may take a break next week, mixed trend expected, expert says
15:44 Steel cutting ceremony for new Sovcomflot’s Arctic Shuttle Tanker held at Samsung Heavy Industries (Korea)
15:32 International Shipholding Corporation reports Q2 2015 results
15:16 Bunker prices in the Far East ports were flat in late 31st week (graph)
15:03 Hapag-Lloyd adds weekly calls at Halmstad to its Nordict Short Sea network
14:50 Matson plans investments in Alaska operations
14:13 CMA CGM launches Global Customer Survey 2015
14:06 Yuantong Marine Service signs a strategic cooperation agreement with CSHT Marine Machinery
14:05 BC Ferries picks names for its three intermediate class ships
13:55 Hapag-Lloyd names Thorsten Haeser as COO
13:34 Annual throughput of Izmail Commercial Sea Port (Ukraine) to be fulfilled in August
13:17 Transas receives ECDIS type-approval from the Korean Registry
12:59 Hapag-Lloyd announces new connection to Sweden on its Far East network
12:57 MOL receives awards from Los Angeles and Long Beach ports
12:23 K-LNG enters into time charter contracts with BP for two LNG carriers
11:55 Ziyavudin Magomedov elected as Chairman of Far Eastern Shipping Company’s BoD
11:47 Oceanteam Shipping completes acquisition of Oceanwind Cable Storage & Handling Solutions
11:39 MSC Cruises offers special treatment to passengers on its 12 cruise ships
11:26 Scorpio Tankers announces Q2 results, agreements for four newbuilding contracts