• 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 September 29

11:03 Ocean Yield ASA announces delivery of container vessel with 15 years charter
10:45 Cargotec is part of the world's first ecosystem initiative for autonomous ships
10:27 Brent Crude futures price down 0.45% to $49.02, Light Sweet Crude – down 0.11% to $47
10:09 Port of New York and New Jersey container volumes up 2.0 percent to 585,327 TEUs in August 2016
09:56 Large scale development of Russia’s Arctic to begin in 2020 – 2022, says Dmitry Rogozin
09:43 OOCL announces Asia-North America East Coast Winter Program
09:28 Baltic Dry Index down to 912 points
09:11 Icebreaker Otso back from Greenland

2016 September 28

18:37 Damen repeats multiple vessel transport strategy
18:07 Cargotec is part of the world's first ecosystem initiative for autonomous ships
17:55 Forum DV and Ecoservis-DV start supplying fresh water at port Vanino (photo)
17:45 Maersk Line orders 14,800 new reefer containers
17:39 Abu Dhabi Ports announces concession agreement with COSCO SHIPPING Ports Limited
17:02 ZNT Yard launches two diving boats for RF Defence Ministry (photo)
16:30 The world´s first LNG-powered icebreaker Polaris delivered
15:44 DP World wins ‘Best Company for Investor Relations in the Middle East’ for third consecutive year
14:59 100 mln t of oil pumped through ESPO-2 oil trunk pipeline since beginning of operation
14:13 Nibulon shipyard launched the third non-self-propelled vessel of Project B2000
13:37 New deal signals further investment in Port of Immingham
13:01 Maersk announces management changes in Damco
12:01 Port of Oakland: So far, wider Panama Canal not a factor
11:40 Pacific Fleet ships practiced searching for simulated enemy submarines
11:22 Sovcomflot - finalist in the 2016 Platts Global Energy Awards
11:01 Statoil cancels rig contract with North Atlantic Drilling
10:33 Vice-President of PAO Sovcomflot Mikhail Suslin awarded with Naval Order of Merit
10:09 General Dynamics NASSCO delivers fourth ECO Class product carrier to American Petroleum Tankers
09:52 Brent Crude futures price up 0.21% to $46.62, Light Sweet Crude – up 0.18% to $44.75
09:35 Indicative bunker prices surge at the port of Saint-Petersburg (graph)
09:16 Baltic Dry Index down to 930 points
09:04 Damen unveils next generation Water Bus (photo)
08:53 Teekay LNG Partners signs time-charter contract with Yamal LNG for a previously uncommitted newbuilding

2016 September 27

18:00 Holland Container Innovations presents its 4FOLD foldable container
17:33 Okskaya Sudoverf shipyard launches Project 21270 boat for RF Ministry of Defence (photo)
16:48 Some 100 semi-submersible rigs approved by DNV GL will be reviewed
16:22 Fincantieri gets new General Manager
15:54 Tactic exercise with the Eastern MD combined arms formation is held in the Sakhalin Region
15:25 Vyborg Shipyard lays down port icebreaker Ob for Sabetta
15:12 Niigata Shipbuilding delivers Ultra large Tug to ALP STRIKER BV
14:39 Kiel and Russian ports mark 25 years of ferry services
14:36 Finland to take the lead in automation experiments in the maritime sector
14:02 Ocean Yield announces investment in two chemical tankers with long term charters
13:43 ESL Shipping’s LNG-fueled bulk carriers to be built at Sinotrans & CSC main yard, Jinling Shipyard
13:25 Bunker prices go up at the Far East ports (graph)
13:02 General Dynamics NASSCO Master Shipbuilder lays keel for eighth ship in ECO Class tanker program
12:56 Scientific potential strengthened in the LNG Cluster
12:33 Klaipėdos Nafta occupies top position in Annual Report on State-Owned Enterprises 2015
12:11 ClassNK releases updates to its Guidelines on Laser-Arc Hybrid Welding
11:49 AS Tallink Grupp share capital reduction registration and disbursements
11:30 Sovcomflot Group expands its fleet by nine vessels
11:14 Port of Tallinn won the reputable Seatrade Cruise Awards Environmental Initiative Award
11:07 Hapag-Lloyd postpones GRI from East Asia to Mexico, WC of Central & South America
10:50 Yenisei River Shipping Company carried 3.20 mln t of cargo in 8M’16, +11% Y-o-Y (photo)
10:19 Brent Crude futures price down 0.5% to $47.69, Light Sweet Crude – down 0.33% to $45.78
10:08 Hapag-Lloyd announces Rate Restoration Program from North, South & Central China to Arabian Gulf
09:38 HHLA relocates two container gantry cranes within the Port of Hamburg
09:22 Baltic Dry Index up to 934 points
09:08 Cochin Port receives first car carrier
08:57 Topaz secures two substantial contracts in Kazakhstan
08:07 Associated British Ports orders five new hydraulic cranes worth £6 million
07:53 Topaz secures management contract for 3 vessels