• 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 September 19

18:20 Port Metro Vancouver to relocate its Asia office to Shanghai
18:10 Buoy tender of project 3052 Nikolai Shiryayev enters service (photo)
18:07 Hyundai Group Chairman Hyun Jeong-Eun ranked on FORTUNE's ‘The Most Powerful Women of Asia-Pacific’
17:52 Finland's Ministry of Employment and the Economy granted EUR 65.2 million in three new LNG terminals
17:43 CMA CGM Group to exhibit to the 17th edition of Irrigated Tropical Horticulture International Fair
17:32 Tilbury secures Finnlines Ro Ro service
17:21 International Transport Workers’ Federation supports coalition for good jobs in PNG
16:14 Pori LNG terminal receives positive investment support decision from Finnish Ministry of Employment and the Economy
15:46 Fairmount Marine's tugs successfully delivered FPSO Petrojarl Knarr to Norway
15:14 First steel cut for the third Quantum class ship
14:29 Nuclear icebreakers of Atomflot complete escorting of Transshelf carrying two RF Navy submarines
14:14 Konecranes launches a new overhead crane for lifting needs in emerging markets
13:50 Anchorage areas for detained or arrested vessels determined in RF seaports
13:32 Deep Sea Supply takes delivery of the newbuilding Platform Supply Vessel 'Sea Triumph'
13:13 Ro-ro company CLdN signs agreement with Logent Ports & Terminals at the Port of Gothenburg
12:31 CMA CGM to implement a Port Congestion Surcharge for all cargoes to Cabinda (Angola)
12:01 MSC introduces 2M scope of services
11:17 Rimorchiatori Riuniti takes delivery of Damen ASD 2411 (photo release)
11:10 Two ethylene gas carriers to enter Lauritzen Kosan fleet
11:07 Laky Verf shipyard to launch high-speed boat of project 15MJ on September 23, 2014
10:51 Bunker prices at port St. Petersburg down in late 38th week (graph)
10:30 EVRAZ NCSP puts into operation 4 new loaders
09:42 Throughput of port Gdansk (Poland) up 5.7% to 20.389 mln t in Jan-Aug’14
09:25 Oil price down to $97.7 in London and down to $93.07 in New York
09:13 Baltic Dry Index down to 1,089 points

2014 September 18

18:34 Peruvian President Ollanta Humala visits APM Terminals Callao
18:04 Broekman to support Cryoport's cryogenic logistics solutions throughout Europe
17:49 Ukrferry (Ukraine) launches Constanta – Batumi – Illichivsk line from October 15, 2014
17:21 Oils Overseas to transfer all of its bunkering activities to Integr8 Fuels
17:15 Damen contracted to deliver second DFF 4212 to Seaspovill
16:50 Gazprom mulls construction of LNG plant in Kerch (Crimea)
16:22 SITC Logistics opens branch office in the Philippines
15:40 Paving of berths completed at Bronka’s start-up complex (photo)
15:13 South Carolina Ports Authority container volume up13 percent in fiscal year
15:03 PORT FLEET to provide towing of the Aurora cruiser to a dockyard in Kronstadt
14:46 Icebreaker Krasin to leave Saint-Petersburg for repair in Kronshtadt on September 20 (photo)
14:43 COSCO orders five 14,500 TEU container vessels
14:13 Chilli AB moves to the Port of Gothenburg
14:07 Paris MOU does not stipulate for physical inspection of bunker to verify its compliance with sulphur content limits from Jan 1’15
13:32 Vroon launches newbuilding at Nanjing East Star Shipyard
13:13 Finnish Government to reduce fairway dues and remove the track tax in 2015-2017
12:49 Bunker prices at Far East ports remained flat in late 38th week (graph)
12:31 CSSC volume of ship orders up to 121 in January - July 2014
12:12 China Merchants signs two agreements with the Government of Sri Lanka
11:58 Gazprom starts talks on supplies of 30 billion cubic metres of gas to China
11:42 OCIMF issues new recommendations on operations in Arctic regions
11:20 MacGregor secures RoRo cargo access equipment order from South Korea
10:50 Throughput of NCSP down 4.6% to 90 mln t in Jan-Aug’14
10:25 Dalzavod OJSC completes repairing of rescue tugboat Fotiy Krylov (photo)
10:00 Viking Supply Ships sells platform supply vessel SBS Cirrus
09:49 Statoil to lay up the COSL Pioneer rig in the fourth quarter of 2014
09:28 Damen gets order from Urag for two ASD 2411 tugs
09:21 Baltic Dry Index down to 1,124 points
09:07 Oil price down to $98.97 in London and down to $93.2 in New York

2014 September 17

18:36 Fincantieri gets two prestigious awards
18:05 The National Shipping Company of Saudi Arabia announce the appointment of two Board Members
17:56 ICS Vice Chairman repeats call for governments to see sense on Ballast Convention
17:48 Nevsky Shipyard participates in Exhibition “GIDROAVIASALON 2014”
17:31 Rickmers receives “DNV GL Excellence 5 Stars” award from the DNV GL
17:29 Fincantieri holds steel-cutting ceremony for Viking Sea at Marghera shipyard