• 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.”


2014 July 23

11:16 Bunker prices go down at port St. Petersburg (graph)
11:00 Throughput of Neva Pipeline Company (Ust-Luga) exceeds 12.7 mln t from year beginning
10:09 Costa Concordia ready to tow, departure from Giglio Island
09:59 Net profit of TransContainer down 17.8% to RUB 1.9 bln in HI’14
09:48 Baltic Dry Index down to 723 points
09:40 Bunker prices in Far East ports changed in early 30th week (graph)
09:27 Transportation of diesel fuel to port Primorsk resumed
09:09 Oil price down to $107.33 in London and down to $104.42 in New York
09:08 Infrastructure Partnership to acquire APM Terminals Virginia container terminal

2014 July 22

18:09 3,200 t of foreign cargo delivered to port Sabetta under Yamal LNG project from April’14 (photo)
17:36 ZIM ranks 4th out of 22 global carriers in the 2013 CCWG lowest emissions performance
17:00 COSCO Corporation secures offshore and shipbuilding contracts valued at USD300 million
16:25 South Carolina Ports container throughput up 8 percent in 2014 fiscal year
16:16 Throughput of Rosterminalugol hits 8 mln t of cargo from year beginning
16:07 COSCO (Guangdong) Shipyard delivers a 4500m 2 Livestock Carrier to its European buyer
15:22 Product tanker TORM LOTTE helps to save up to 300 lives
14:57 Tanker Sakhalin being built by Nakhodka Ship Repair Yard for Rosneft to be launched on August 8
14:35 Supply of export oil products to port Primorsk suspended because of criminal tapping of pipeline
14:21 First gates moved to new locks for the Panama Canal Expansion
13:30 Laky Verf launches multipurpose boat of project 14М Patrulny-13 built for Russia’s Transport Supervision Agency (photo)
13:13 PIL takes delivery of multi-purpose vessel Kota Bistari
12:55 Cargo transportation by Ukraine’s water transport up 13.9% to 2.3 mln t in HI’14
12:41 PSA and ITE seal collaboration worth over $2 million to develop new genera tion of port specialists for Singapore’s future container terminals
12:13 Norwegian operator Ocean Yield ASA orders three ethane-fuelled gas carriers
11:52 Intermodal Terminal Projects in Vilnius and Kaunas are being implemented successfully
11:37 Lithuania to ensure safe navigation and improve working conditions for seafarers
11:20 ICS сalls for harmonised port state control with respect to ECAs
11:00 Baltic States and Poland to cooperate in intelligent transport system development
10:51 Paving of berth No 2 completed at port Bronka
10:20 HI’14 allocations of Multipurpose Transshipment Complex (Ust-Luga) for port infrastructure development hit RUB 133.5 mln
09:58 Vice president of Japan Business Federation visits Freeport of Riga
09:39 Baltic Dry Index down to 724 points
09:14 Oil price down to $111 in London and up to $104.59 in New York

2014 July 21

18:27 Subsea 7 exercises a charter option on the vessel Skandi Neptune
18:07 Cathelco gain IMO Type Approval for BWT system
17:51 Kleven inks a new shipbuilding contract with Malaysian based Joint Venture Company IES Pioneer
17:44 Port of Hamburg Marketing opens representative office in North Rhine-Westphalia
17:35 11 cruise ships to visit Murmansk during cruise season (photo)
17:09 Vostochnaya Stevedoring Company handles seventh Triple-E boxship
16:46 Average wholesale prices for М-100 HFO down to RUB 10,933 in RF spot market
16:14 Bureau Veritas acquires Sistema PRI and enters the booming building and infrastructure market in Brazil
15:55 Container throughput of CTSP (Saint-Petersburg) down 1% to 195,300 TEUs in HI’14
15:30 Director General of Media-Group PortNews Elena Snitko awarded with a medal of Black Sea Ports Administration (photo)
15:21 De Hoop launches PSV for Delta Logistics
15:08 KAMPO OJSC commences delivery of modular boat of project 23370 to RF Navy (photo)
14:21 “K” Line confirms leakage of butyl acrylate at Laem Chabang Port
14:17 Throughput of Ukraine’s river ports up 61.5% to 1.85 mln t in HI’14
13:21 Swire Pacific Offshore celebrates the naming of its second L Class vessel, Pacific Legacy in Japan
12:52 BAE Systems San Diego Ship Repair awarded $15 contract mod for LPD 18 work
12:01 MOL's coal carrier to serve Tohoku Electric Power
11:57 Algoma christens environmentally advanced vessel in the Great Lakes
11:51 Sembcorp Marine's Sembawang Shipyard secures contract from Saipem SA for the conversion of two FPSOs for Kaombo Project in Offshore Angola
11:39 Sea Port of Saint-Petersburg allocates RUB 91.1 mln for company development in HI’14
11:02 Sergei Zheldybin named as new Captain of Ust-Luga Port
10:51 Singapore-registered barge POSH MOGAMI sinks of Sekupang, Batam
10:39 Rosmorechflot taps Alexander Volkov as Captain of Big Port St. Petersburg
10:20 State commission inks acceptance certificate for corvette "Stoiky" (photo)
09:47 Baltic Dry Index edges down to 732 points
09:04 Brent Crude prices finish the week lower at $107,24 in London, in New York remain flat at $103.13

2014 July 18

18:33 St. Petersuburg port Marine Façade increases seven-month passenger traffic by 9.28% to 266,182 people