• 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 May 31

16:46 Second tug fleet operator selected for Port Hedland
16:04 DEME & CFE sign contracts for the construction of the world’s longest immersed road and rail tunnel
15:31 Paris MOU agrees on a concentrated inspection campaign on Marpol Annex VI in 2018
15:28 Heimdal gas field in the North Sea turns 30
15:11 Hapag-Lloyd to increase in July rates for North East Asia - Australia trade
14:57 Maersk Line launches new and improved Asia-North Europe Network
14:10 MSC enhances services between Asia-North Europe
13:46 Admiralteiskie Verfi shipyard launches the Kolpino, diesel-electric submarine of Project 636 built for RF Navy (photo)
13:23 Hapag-Lloyd hikes rates on East Asia - Mexico, WCCA and WCSA routes
13:01 FESCO posts operational and financial results for the 1Q Ended March 31, 2016
12:40 TransContainer reports its Financial Results under IFRS for the 1st quarter of 2016
12:20 Bunker market of Russia’s Far East ports still sees deficit of IFO-180 НS (graph)
12:02 Antti Kaunonen takes the helm as Kalmar's President
11:50 Maersk Line improves Asia – North Europe network
11:37 Yenisei River Shipping Company opens cargo navigation on the Lower Tunguska
11:24 Andrei Gormakh appointed as Director General of Makhachkala Commercial Seaport (photo)
11:13 Hapag-Lloyd hikes rates on East Asia-Caribbean, East Coast Central America, Panama, Mexico Gulf and Progreso service
11:05 MOL implements General Rate Restoration from Asia to East Coast South America
10:52 Van Oord signs EUR 300 million contract for Fehmarnbelt project
10:41 Brent Crude futures price down 0.34% to $50.19, Light Sweet Crude – down 0.36% to $49.51
10:27 APM Terminals Bahrain invests in safety and intelligent IT systems
10:20 Port control inspectors cannot ask for paper copies of VGM certificates, says RF Transport Ministry
10:08 CMA CGM set to acquire NOL
09:19 Port of Gdansk at the European Economic Congress

2016 May 30

18:48 Pact of Amsterdam makes EIB a key player in the Urban Agenda for the EU
18:27 Van der Velden BARKE® high-lift flap rudders installed in new U.S. ocean going ATB
18:00 Marine Façade (Saint-Petersburg) welcomed 12 cruise ships last week (photo)
17:42 Maersk Drilling acquires newbuild harsh environment jack-up rig with a five-year drilling contract
17:17 Abu Dhabi Ports presents industry opportunities to Chinese businessmen
16:53 Port Bronka welcomes first passengers (photo)
16:35 DP World announces new $1.2bn sukuk to be listed on Nasdaq Dubai
16:15 The Port of Gdansk at the centre of interest of the south of Poland
15:47 DP World to create JV to manage Port of Berbera in Somaliland
15:27 Port of Long Beach maintains strong bond rating
15:13 Reconstruction of Northern Dvina lock system sees completion of its first phase (photo)
14:56 Baltic Fuel Company obtains a permit for construction of Marine Oil Terminal “Turukhtanniye Islands"
14:25 Eighth 14000-teu boxship delivered to Seaspan
14:07 Steel-cutting ceremony for trawler of Project SK-3101R held at Yantar shipyard (photo, graphics)
13:52 Foundation of Kerch Strait bridge already numbers over 1,000 piles (photo)
13:45 WSS warns product and chemical tanker operators on the dangers of non-standardised cleaning products
13:37 Boskalis Subsea bags an IRM contract from Maersk Oil for the provision of air and saturation diving services
12:50 Average wholesale prices for М-100 HFO up to RUB 6,567 in RF spot market
12:31 Wärtsilä to provide turnkey electrical systems for 4 new RoRo ferries
12:18 Throughput of grain terminal at port Zarubino can exceed 20 mln t per year by 2030, says United Grain Corporation
11:42 NASSCO shipyard lays keel for ECO-class, LNG-ready product tanker Liberty
11:01 Representatives of 'PP of SPb MF' PLC took part in the 'Organization of passenger water transport' Round Table
10:37 Brent Crude futures price down 0.56% to $49.67, Light Sweet Crude – down 0.41% to $49.13
10:22 US ferry passenger traffic totaled over 115 million people in 2014
10:03 Baltic Dry Index up to 606 points
09:45 ESL Shipping's barge Espa to become a floating beach and events area for the summer
09:35 Sembcorp Marine delivers jack-up rig Maersk Highlander
09:32 Nevsky Shipyard launches the medium-sized sea tanker “Academician Pashin”

2016 May 29

12:30 AMSA investigates Bowen vessel capsize
11:25 Revenue of JSC “Latvian Shipping Company” Group for Q1 of 2016 higher than last year
10:28 Marseille Fos handles its second consignment under EU pilot project
10:19 Wärtsilä donates an engine and genset to Texas A&M University at Galveston
08:23 MAN 28/33D STC Engine adds Thai reference

2016 May 28

21:19 Diana Shipping announces time charter contracts for m/v Naias and m/v Artemis with Bunge
21:05 Terex announces talks with Zoomlion terminated agreement to sell the material handling & port solutions business to Konecranes to proceed
20:39 Crowley recognized with Lloyd’s List Ocean-Going Ship Operator of the Year Award